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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Walmart keeps trying to appease the left and they never will!
Not only that it increases the barriers for new companies to enter the market which equals unemployment.
Ha ha ha …. another conservative “I told you so” moment!
They are going to install more self serve checkout lines in every store
Some products make pennies as profit.
The Government pays wages with OUR /TAXPAYERS money . MONEY they have not lifted a finger to EARN so it’s SO EASY to tell others what to pay! HOWEVER private businesses pay with THEIR OWN MONEY!!!! I swear the people in Gov are the most stupid you can find!
but of course they are lowering their hours, the MF’s
Savva it doesn’t matter if you “buy” it or not. It is just a matter of addition and subtraction and WALMART wins. More money is only going to cost you a loss of hours and benefits or a complete loss of your job.
Its funny how no one understands simple economics. The cost for labor goes up, so the demand for labor goes down.
They all need to make money. It is all about Control of the Government and destabilizing the economy to create a crisis the Bubba Effect would repair.