Wal-Mart Cuts Some Workers’ Hours After Pay Raise Boosts Costs
- Thread starter ☑︎#VoteDemocrat
- Start date
@JahFocus CS @Swavy Karl Marx @tmonster @Melbournelad Nothing?
How are we going to get these workers paid more?
How are we going to get these workers paid more?
Camile.Bidan
Banned
Are you the only rationale thinker here?
There so many business experts on this forum, but nobody here owns business, works in business, or seriously invests in businesses. It didn't realize the simplicity of raising workers' wages.
Just going off yahoo finance walmart has a 3.19% profit margin and a 5.35 operating margin.
I saw an EBIT of 27 billion which came from from a gross revenue of 485 billion. Walmart really isn't making crazy amounts money here.
To compare whole foods has a 3.99% profit margin and a 6.00% operating.
Target has a -1.23% profit margin and a 7.05% operating margin.
Retail companies don't have a lot
of wiggle room to just outright increase wages.
Compare the above to a Company like Gilead which makes money selling AIDS drugs to Governments. Gilead has a 51.53% profit margin and a 65.89% operating margin. They earned 12 billion from 24 billion in revenue. Making money from the tax payer is by far the best business period.
RatherUnique
All Star
Any worker at Walmart will tell you they cut hours anyways always for no reason. They are just doing what they have done always and now blaming the raises.
RatherUnique
All Star
Breh why you no want rich people to have golden toilets144 billion net worth?they should sacrifice a fifth of that network and make America's largest employer into a living wage and raise the standard of living.
We can't
workers just lost
What wall mart did, just proved you right
I can't believe the workers did not see this Machiavellian maneuver coming
I hope they quickly apologize for asking for higher wages and we can get back to the life of prosperous capitalism
It's rare that such strong evidence supporting your claims and theories becomes available so immediately
your use of the "I told you so smilie" aka "
" was so appropriateyou really did tell us this would happen and damn it if our puny minds simply just could not understand such complex market mechanics, nor be as prescient as you. this may be presumptuous but, I hope you write this episode into a book and can get some consideration for a Nobel prize in economics.
On behalf of the coli and all workers, I apologize.
Last edited:
I think you and him are the only rational ones here, (not including dead7 and III)
none of us, could see this coming. Ever since reading this article, I have been in bed, in the fetal position, trying to figure where I went wrong.
Nice troll job.We can't
workers just lost
What wall mart did just proved you right
I can't believe the workers did not see this Machiavellian maneuver coming
I hope they quickly apologize for asking for higher wages and we can get back to the life of prosperous capitalism
It's rare that such strong evidence supporting your claims and theories becomes available so immediately
your use of the "I told you so smilie" aka "
you really did tell us this would happen and damn it if our puny minds simply just could not understand such complex market mechanics, nor be as prescient as you. this may be presumptuous but, I hope you write this episode into a book and can get some consideration for a Nobel prize in economics.
On behalf of the coli and all workers, I apologize.
But I'm serious here. Whats your plan to get those workers more money?
And you should spend your income on the local kids soccer team.144 billion net worth?
See how fun it is mandating what private citizens do with their post-tax earnings?
Solutions though?
Mind you, I'm not some a$$hole who hates poor people. But part of the reason that Walmart exists is to offer low prices, offer high returns on investment, and to offer SOME sort of job in return for the extensive amount of goods they provide in as many locations as they do around the world.
So how do you get the workers more of that money?
Retail is notoriously cutthroat but HL likes to pretend that all businesses are making 100% profit margins every quarter.
I don't get it
you have been proven right
I have capitulated my position
why resort to name calling?
what more do you want?
There are no solutions, but like you mentioned, for low wage workers to accept their lot or get PhD's in their spare time.
this unexpected move by wall-mart just proves that
well played by both of you
Once you have a few million dollars, you set for life. Yes, there should be a better standard of living through these greedy CEOS that try to prevent that. But you clso caught up with lack of regulations, that you probably kill newborns for some profit.