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PostPosted: Thu Jan 11, 2018 9:18 am 
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Why now?

Trumps Tax reform bill.
For all those people who said this tax bill will not make a difference- One Million Walmart workers may disagree with you...

Walmart boosts pay for one million U.S. workers, tax reform is the reason why
Published January 11, 2018
Quote:
Walmart (WMT), the nation’s largest employer, with 1.5 million U.S. workers will allow the majority of those employees, 1 million, to share in the benefits of the largest sweeping tax reform in three decades.

The retailer is boosting starting hourly wages to $11 an hour. Additionally, the retailer will give one-time $1,000 bonus payments to workers, depending on length of service at the company. It is also extending maternity and parental benefits. The changes take place in February.

Thats real money in the pockets of real American workers! MAGA!
http://www.foxbusiness.com/markets/2018 ... n-why.html
https://finance.yahoo.com/news/wal-mart ... 20047.html
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PostPosted: Thu Jan 11, 2018 9:31 am 
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I saw that one too, $11/hr starting, $1000 bonuses and an income tax cut showing up in withholding soon.

This is an utter disaster for the progressives... I can just see Pelosi, Shoomer and Sanders panicking and calling an emergency meeting this morning about how to spin this.

It's an outrage! Greedy corporations handing out cash to middle class workers! The democrats are supposed to be in charge of doing that, or forcing businesses to do it. Outrageous!

How dare they do this because of a Repub tax cut for the Rich? :lol:


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PostPosted: Thu Jan 11, 2018 10:46 am 
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joeschmo wrote:
I saw that one too, $11/hr $1000 bonuses and an income tax cut showing up in withholding soon.

This is an utter disaster for the progressives. I can see Pelosi, Shoomer and Sanders panicking and calling an emergency meeting this morning about how to spin this.

It's an outrage! Greedy corporations handing out cash to middle class workers! The democrats are in charge of doing that, or forcing businesses to do it. Outrageous!

How dare they? :lol:

These are not even "middle class workers". Lower class I would say. These are low skill positions- for the inexperienced or starting wage.

This is a total disaster for democrats. How many times have we heard that greedy corporations and rich people will never "trickle down" wealth to the peasants. That's why we need government to take their money away from the greedy and re-distribute it.

Seems that the first thing these big companies (many of them) are doing is passing some of the tax savings to the workers. And if these businesses do better in a growing economy- I suspect that these raises are just the start. If the starting wage at Walmart is now $11/hr, then that means $12-$14/hr in just a few years of service.

This also means that many other businesses will need to raise the starting wages in order to keep up and attract employees. Win-Win.

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"Corruptissima republica plurimae leges"(69 A.D.)

Socialism is a philosophy of failure, the creed of ignorance, and the Gospel of envy. Its inherent virtue is the distribution of equal misery Churchill

https://fcpp.org/2009/01/16/atlas-shrug ... -52-years/

Government is not the solution to our problem, Government is the problem
Ron Reagan


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PostPosted: Thu Jan 11, 2018 12:49 pm 
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http://fortune.com/2018/01/11/sams-club ... e-country/

Just to show both sides of that coin...

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PostPosted: Thu Jan 11, 2018 1:29 pm 
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Yes I saw that. I bet these sams clubs are not profitable enough. Can't stick with the losers, in order to give raises- the stores must make a profit.

As of October 31, 2017, Sam's Club operates 660 membership warehouse clubs in 47 U.S. states and Puerto Rico. So closing 63 stores is about 10% of the stores.

_________________
"Corruptissima republica plurimae leges"(69 A.D.)

Socialism is a philosophy of failure, the creed of ignorance, and the Gospel of envy. Its inherent virtue is the distribution of equal misery Churchill

https://fcpp.org/2009/01/16/atlas-shrug ... -52-years/

Government is not the solution to our problem, Government is the problem
Ron Reagan


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PostPosted: Thu Jan 11, 2018 1:49 pm 
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john wrote:
http://fortune.com/2018/01/11/sams-club-stores-abruptly-close-across-the-country/

Just to show both sides of that coin...

That's because competition works... Costco is much better.

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PostPosted: Thu Jan 11, 2018 3:22 pm 
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Slickgreen wrote:
john wrote:
http://fortune.com/2018/01/11/sams-club-stores-abruptly-close-across-the-country/

Just to show both sides of that coin...

That's because competition works... Costco is much better.

Agree, often Wal-Mart is cheaper than Sam's Club.

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PostPosted: Thu Jan 11, 2018 4:02 pm 
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Costco is stupid. I hear you can return your dead Christmas tree there after you take it down and get a full refund.

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PostPosted: Thu Jan 11, 2018 4:31 pm 
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There could be other factors in those states where stores are closing. State Min wage laws, state taxes, low margins due to competition or business losses from online shoppers. If the business was making money, or trending in the right direction they wouldn't close the stores.

Subway is also apparently closing a lot of sandwich shops too. Economies and business adjust over time to real world conditions.


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PostPosted: Thu Jan 11, 2018 4:54 pm 
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john wrote:
Costco is stupid. I hear you can return your dead Christmas tree there after you take it down and get a full refund.

No, really? I actually had to buy a real tree this year to satisfy my wife and got it from costco. Trash guys just took it and I'll never buy another real tree again due to the mess and pain in the ass.

As for returning stuff, I agree Costco will take pretty much anything back for any reason, but they must have some sort of contract with the suppliers that have to eat those returns or just repackage and resell.

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