The demand for a hike in hourly wages is one that’s been echoing across the country and heeded by a few with disastrous consequences. For example, the situation with Dan Price of Gravity Payment Systems in Seattle. He set his wage floor at 70,000 dollars a year and not only discovered it to be economically impossible, but also lost a lot of faithful employees because there was no gap in between those who worked hard for promotions and those that didn’t. Crazy right? It only makes sense that those who earned higher wages get paid just as much as those who haven’t. Now Walmart is learning this same lesson. By spending an extra $1 billion to raise employees wages and offer them extra training, they’re being forced cut their hours and even lay some of them off.
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People actually shop at Walmart?……..I guess ya’ll want to give our country to the mooselums then…http://www.fastcompany.com/47593/wal-mart-you-dont-know
And we are all so sad this greedy chain lost money. Now maybe the smaller stores will come back.
Why are these articles always full of spelling errors? Am I the only one that notices this?
Sean Leonard check this out !
We all knew that was coming
No they are not. Maybe you need to get your tin foil hat back out.
F**k Walmart.
No . They’re in typically high crime areas
Incorrect! You need to wake up Mr. Dennis Brown, you are one of the corporate gullible people that believe their propaganda. The wage hike doesn’t even scratch the massive profits of Wal mart!
There are a number of stores in small towns in Kansas that are loosing their Walmart Express stores because with the higher labor cost they are NOT profitable. In many cases the are loosing their only grocery stored and pharmacy.