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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taxation is the reason hershey’s, lay’s and oreo’s are no longer made in the usa
Every one with brains knee this would happen. Bama brainless
Do you understand retail? They buy it then resale it at a higher price,sometimes its hard to make a profit.
I fully understand retail…
problem isn’t wages or prices it is the Fed reserve inflation and fiat money
Sounds about right. It was dipping into their own pockets too much so they decided to lay off people to make up for itl
We just need fair trade !!
Savva you don’t understand Basic Economics and you aren’t the only one. Government has no place in business.
Do CEOs jobs equate to the typical employee?
That’s funny because i work for walmart and are not only getting raises but are hiring more people