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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Coach is Back! on April 04, 2015, 08:53:59 PM
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It's what I've been saying..
http://www.youngcons.com/chart-shows-how-much-prices-would-be-if-fast-food-workers-were-paid-15-an-hour/
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it's not just lberals. dipshits on both sides supprt this.
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it's not just lberals. dipshits on both sides supprt this.
There's always few. You have to look at who the majority is. Liberals think 2+2 = 10
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There's always few. You have to look at who the majority is. Liberals think 2+2 = 10
Romney, OReilly, Haley Barbour, and 68 repubs in congress.
http://www.thenation.com/blog/178055/6-conservatives-who-support-raising-minimum-wage
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Romney, OReilly, Haley Barbour, and 68 repubs in congress.
http://www.thenation.com/blog/178055/6-conservatives-who-support-raising-minimum-wage
I don't give a fuck who they are. You could name warren buffet and I wouldn't agree. It doesn't make business sense in anyway, shape or form.
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I don't give a fuck who they are. You could name warren buffet and I wouldn't agree. It doesn't make business sense in anyway, shape or form.
i agree completely there. Ten years ago, I did a huge writeup for it when getting my MBA.
Raising minimum wage artificially makes no sense and does not work. period. economists agree, politicians blow with the wind either way.
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i agree completely there. Ten years ago, I did a huge writeup for it when getting my MBA.
Raising minimum wage artificially makes no sense and does not work. period. economists agree, politicians blow with the wind either way.
I actually had to look at that again. Raising the minimum wage is one thing but raising it to $15 is quite another. I don't think (I didn't look) that anyone agreed with THAT. You want to raise it .50-.75 every couple of years, fine. But 15 no one in their right mind with any business (not book) sense would laugh.
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I actually had to look at that again. Raising the minimum wage is one thing but raising it to $15 is quite another. I don't think (I didn't look) that anyone agreed with THAT. You want to raise it .50-.75 every couple of years, fine. But 15 no one in their right mind with any business (not book) sense would laugh.
I don't like min wage laws. I think there can be protection in the form of agencies that work with companies to ensure they choose some voluntary level, so workers know "McD WILL try to pay you $3 an hour, but you DONT have to take it".
markets correct, and they work way better (and faster!) than DC.
I don't support ANY minimum wage. it's tool used by employers to keep workers down, actually. LIke "Hey, we HAVE to only pay you $7.75, it's the law, man".
No, they choose to adhere to a shitty wage that's below level. IMO, it'll rise naturally without legislation. The natural pay wage will hit ten bucks, because firms will suddenly have to compete. They can't all monopolize and hide behind a min wage.
I don't support "raising it some...." because that's just the same as "giving the libs SOME of what they want". It's still in direct violation of the laws of economics.
End the min wage tomorrow. If McD cuts workers' pay, then watch how fast McD can't manage their drive thru windows when 5 people quit at 7am simultaneously and nobody else will come in. If anything, they'd be RAISING wages to keep up with competitors.
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I don't give a fuck who they are. You could name warren buffet and I wouldn't agree. It doesn't make business sense in anyway, shape or form.
It does but you wouldn't understand it.
The inequality in wages and profits is absurd. the only way to increase the economy is increase disposable income in those who have to spend it not horde it.
Jobs are decreasing, automation has taken a massive percentage of manned jobs.
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It does but you wouldn't understand it.
The inequality in wages and profits is absurd. the only way to increase the economy is increase disposable income in those who have to spend it not horde it.
Jobs are decreasing, automation has taken a massive percentage of manned jobs.
Another thing. I'm tired of the inequality bullshit tag lines. You are what you're worth and what that company decides to pay you within reason. I'm not going to pay another coach minimum wage because of his education and experience but the same time I will pay minimum wage to have someone clean my gym. Should the person cleaning my gym be payed the same as a coach? Besides, who in the fuck has disposable income making $15?
You're supposedly a doctor. How about paying the hospital cleaning staff the same as you. Do you see how rediculous that sounds? As far as automation goes. If it increases profits and lowers overhead then what's the problem? By raising minimum wage to $15 for a company that sells $3 burgers you're fucking people right out of a job anyway. The difference is that company that goes automated stays in business, will either create or retrain its staff (the ones who don't get let go) to operate and maintain those machines.
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Lebron James makes a QUARTER OF A MILLION DOLLARS PER GAME.
He also makes tens of millions each year in endorsements.
Now, is LeBron actually worth 250,000 for 48 minutes? YES! Because he makes people a shitload of money, because people fly from all over the world to see him play, paying 60 bucks or 1000 bucks for a ticket plus beers lol. Toss in all the other ways people make money off him....
You cannot easily REPLACE a lebron. You had a Magic/Bird, a Jordan, a Kobe, and now a LeBron. You cannot just promote a russell westbrook and have the incredible thing you have with lebron.
The dude working the mcD grill baking the bread all day (the first job I had at McD) can be replaced in a day. LebRon? that takes 1 or 2 decades to find and market the next one of him.
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Lebron James makes a QUARTER OF A MILLION DOLLARS PER GAME.
He also makes tens of millions each year in endorsements.
Now, is LeBron actually worth 250,000 for 48 minutes? YES! Because he makes people a shitload of money, because people fly from all over the world to see him play, paying 60 bucks or 1000 bucks for a ticket plus beers lol. Toss in all the other ways people make money off him....
You cannot easily REPLACE a lebron. You had a Magic/Bird, a Jordan, a Kobe, and now a LeBron. You cannot just promote a russell westbrook and have the incredible thing you have with lebron.
The dude working the mcD grill baking the bread all day (the first job I had at McD) can be replaced in a day. LebRon? that takes 1 or 2 decades to find and market the next one of him.
So whats your point? Necrosis is arguing a bullshit talking point of "income equality". And it is bullshit.
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So whats your point? Necrosis is arguing a bullshit talking point of "income equality". And it is bullshit.
my post totally proved your point about income equality.
Some people ARE worth 100x more money. My post showed an example of that. We're on the exact same side of this argument. Lebron IS woth 100x or even 1000x the value $ of the person that mops the floor between free throws.
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So whats your point? Necrosis is arguing a bullshit talking point of "income equality". And it is bullshit.
Yes income inequality is bullshit.
Wal-mart the biggest retail company in history pays less then many of it's competitors, the employee's are forced onto food stamps which you pick up the bill for.
There is a system, laws, regulations, they clearly favour the rich. Which makes sense since they created it.
Life is unfair, our system shouldn't be.
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I don't like min wage laws. I think there can be protection in the form of agencies that work with companies to ensure they choose some voluntary level, so workers know "McD WILL try to pay you $3 an hour, but you DONT have to take it".
markets correct, and they work way better (and faster!) than DC.
I don't support ANY minimum wage. it's tool used by employers to keep workers down, actually. LIke "Hey, we HAVE to only pay you $7.75, it's the law, man".
No, they choose to adhere to a shitty wage that's below level. IMO, it'll rise naturally without legislation. The natural pay wage will hit ten bucks, because firms will suddenly have to compete. They can't all monopolize and hide behind a min wage.
I don't support "raising it some...." because that's just the same as "giving the libs SOME of what they want". It's still in direct violation of the laws of economics.
End the min wage tomorrow. If McD cuts workers' pay, then watch how fast McD can't manage their drive thru windows when 5 people quit at 7am simultaneously and nobody else will come in. If anything, they'd be RAISING wages to keep up with competitors.
Minimum wage is 7.25 and you simply can't live on that. It needs to be raised so that less people will be on food stamps.
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Minimum wage is 7.25 and you simply can't live on that. It needs to be raised so that less people will be on food stamps.
You obviously live on a lot less.
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Minimum wage is 7.25 and you simply can't live on that. It needs to be raised so that less people will be on food stamps.
Agreed it's way too low.
But I think that if the min wage was removed, wages would go UP because employers would stop being able to use it as the default line in the sand. "Hey, we pay min wage, everyone does". Without that line, people who are alerady making 7.75 aren't going to suddenly accept 6 bucks an hour for the same job.
IMO, the minute the min wage is removed, Burger king will raise its pay to 9 bucks an hour just to screw McD. Then the bidding war, the "de facto" min wage, not the de jure min wage, comes into effect. Fewer workers, working harder, making more money, leading to more efficient businesses.
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(http://www.chicagonow.com/acrimonious-clown/files/2014/05/pi.wocc_.aug1strike.02.jpg)
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(http://www.chicagonow.com/acrimonious-clown/files/2014/05/pi.wocc_.aug1strike.02.jpg)
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These tools can hold up all the signs they want, but if they really even work at this McDonald's, they will do what they are told once management is finished indulging them.
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Yes income inequality is bullshit.
Wal-mart the biggest retail company in history pays less then many of it's competitors, the employee's are forced onto food stamps which you pick up the bill for.
1. Walmart employs over 2mil people. Out of those 2+ mil you're not going to please everyone and to the best of my knowledge and unless you're scamming the system. You can't be employed and food stamps at the same time. You seriously blame Walmart for people being on FS and not Obama? lol You're ONLY looking at this from a media talking point and "feeling" stance. Not a business stance. But I guess it's ok because it's not your money.
There is a system, laws, regulations, they clearly favour the rich. Which makes sense since they created it.
Life is unfair, our system shouldn't be.
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Minimum wage is 7.25 and you simply can't live on that. It needs to be raised so that less people will be on food stamps.
you think that raising the minimum wage will result in less people being on food stamps? why?
you think that getting people off of welfare is as easy as raising the fucking god damn minimum wage?
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you think that raising the minimum wage will result in less people being on food stamps? why?
you think that getting people off of welfare is as easy as raising the fucking god damn minimum wage?
Vince is a businessman and he knows his shit when talking about alot of business type matters but I agree, it won't be that simple of a fix.
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Report: Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance
Walmart’s low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published to coincide with Tax Day, April 15.
Americans for Tax Fairness, a coalition of 400 national and state-level progressive groups, made this estimate using data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce.
“The study estimated the cost to Wisconsin’s taxpayers of Walmart’s low wages and benefits, which often force workers to rely on various public assistance programs,” reads the report, available in full here.
“It found that a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 workers.”
Americans for Tax Fairness then took the mid-point of that range ($4,415) and multiplied it by Walmart’s approximately 1.4 million workers to come up with an estimate of the overall taxpayers’ bill for the Bentonville, Ark.-based big box giant’s staffers.
The report provides a state-by-state breakdown of these figures, as well as some context on the other side of the coin: Walmart’s huge share of the nationwide SNAP, or food stamp, market.
“Walmart told analysts last year that the company has captured 18 percent of the SNAP market,” it reads. “Using that figure, we estimate that the company accounted for $13.5 billion out of $76 billion in food stamp sales in 2013.”
Walmart spokesperson Randy Hargrove described this week’s report as “inaccurate and misleading,” referring to its use of extrapolated data and adding that public assistance program eligibility requirements vary from state to state.
“More than 99 percent of our associates earn above minimum wage,” he said. “In fact, the average hourly wage for our associates, both full and part-time, is an average of $11.83 per hour.”
He said the company had no internal figures to share on the number of workers receiving public assistance.
“The bottom line is Walmart provides associates with more opportunities for career growth and greater economic security for their families than other companies in America,” he said. “Our full and part-time workers get bonuses for store performance, access to a 401K-retirement plan, education and health benefits.”
Hargrove added that the number of Walmart employees receiving Medicaid is similar to the percentage for other large retailers — and comparable to the national average.
He pointed to a 2005 report by economist Jason Furman, now a White House adviser, describing Walmart’s Medicaid enrollment as “a reflection of [its] enormous size.”
Other large retail chains have been the focus of similar reports in recent months. In October, two studies released to coincide showed that American fast food industry outsourced a combined $7 billion in annual labor costs to taxpayers. McDonald's MCD +0.47% alone accounted for $1.2 billion of that outlay.
Yum Brands came in at a distant number two, with its Pizza Hut, Taco Bell and KFC subsidiaries costing $648 million in benefits programs for workers each year
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB4QFjAA&url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Fclareoconnor%2F2014%2F04%2F15%2Freport-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance%2F&ei=KBcjVbyLBcnfsAWMgYHIBw&usg=AFQjCNGowhUGm-lzxSblsbHbjrK63qrP9w
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Vince is a businessman and he knows his shit when talking about alot of business type matters but I agree, it won't be that simple of a fix.
raising minimum wage a little bit could help without hurting. raising minimum wage too much can absolutely cripple an economy. that's what bleeding heart liberals do not understand. this type of legislation needs to be handled with great care. I don't think a lot of people on this board necessarily understand the negative impact that raising the minimum age can have.
and it's very obvious a lot of people on this board never took a macroeconomics course.....ever.
if you sit on here and talk like this is a slam dunk, you've outed yourself as a mouth breathing asshole.
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Vince is a businessman
(http://www.getbig.com/boards/index.php?action=dlattach;topic=425331.0;attach=469737;image)
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Report: Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance
Walmart’s low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published to coincide with Tax Day, April 15.
Americans for Tax Fairness, a coalition of 400 national and state-level progressive groups, made this estimate using data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce.
“The study estimated the cost to Wisconsin’s taxpayers of Walmart’s low wages and benefits, which often force workers to rely on various public assistance programs,” reads the report, available in full here.
“It found that a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 workers.”
Americans for Tax Fairness then took the mid-point of that range ($4,415) and multiplied it by Walmart’s approximately 1.4 million workers to come up with an estimate of the overall taxpayers’ bill for the Bentonville, Ark.-based big box giant’s staffers.
The report provides a state-by-state breakdown of these figures, as well as some context on the other side of the coin: Walmart’s huge share of the nationwide SNAP, or food stamp, market.
“Walmart told analysts last year that the company has captured 18 percent of the SNAP market,” it reads. “Using that figure, we estimate that the company accounted for $13.5 billion out of $76 billion in food stamp sales in 2013.”
Walmart spokesperson Randy Hargrove described this week’s report as “inaccurate and misleading,” referring to its use of extrapolated data and adding that public assistance program eligibility requirements vary from state to state.
“More than 99 percent of our associates earn above minimum wage,” he said. “In fact, the average hourly wage for our associates, both full and part-time, is an average of $11.83 per hour.”
He said the company had no internal figures to share on the number of workers receiving public assistance.
“The bottom line is Walmart provides associates with more opportunities for career growth and greater economic security for their families than other companies in America,” he said. “Our full and part-time workers get bonuses for store performance, access to a 401K-retirement plan, education and health benefits.”
Hargrove added that the number of Walmart employees receiving Medicaid is similar to the percentage for other large retailers — and comparable to the national average.
He pointed to a 2005 report by economist Jason Furman, now a White House adviser, describing Walmart’s Medicaid enrollment as “a reflection of [its] enormous size.”
Other large retail chains have been the focus of similar reports in recent months. In October, two studies released to coincide showed that American fast food industry outsourced a combined $7 billion in annual labor costs to taxpayers. McDonald's MCD +0.47% alone accounted for $1.2 billion of that outlay.
Yum Brands came in at a distant number two, with its Pizza Hut, Taco Bell and KFC subsidiaries costing $648 million in benefits programs for workers each year
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB4QFjAA&url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Fclareoconnor%2F2014%2F04%2F15%2Freport-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance%2F&ei=KBcjVbyLBcnfsAWMgYHIBw&usg=AFQjCNGowhUGm-lzxSblsbHbjrK63qrP9w
I'm off in an hour. I'll be back later tonight to destroy this post.
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Vince is a businessman and he knows his shit when talking about alot of business type matters but I agree, it won't be that simple of a fix.
I know plenty of guys who are great at what they do and know nothing about anything else. being proficient at generating business and making money does not preclude you from being a mouth breathing asshat. I know a bunch of very successful people who I wouldn't trust to babysit my fucking goldfish.
anyone who thinks that raising the minimum wage is a nice thing to do that will help everyone involved just doesn't comprehend basic economics. i'm not against it necessarily. I just know that increasing it to $15 is most probably way too aggressive. and there ARE a lot of bad things that can happen.
we know that increasing the minimum wage has numerous potential drawbacks. when someone simply denies this. I think they're stupid. that's all.
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Report: Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance
Walmart’s low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published to coincide with Tax Day, April 15.
Americans for Tax Fairness, a coalition of 400 national and state-level progressive groups, made this estimate using data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce.
“The study estimated the cost to Wisconsin’s taxpayers of Walmart’s low wages and benefits, which often force workers to rely on various public assistance programs,” reads the report, available in full here.
“It found that a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 workers.”
Americans for Tax Fairness then took the mid-point of that range ($4,415) and multiplied it by Walmart’s approximately 1.4 million workers to come up with an estimate of the overall taxpayers’ bill for the Bentonville, Ark.-based big box giant’s staffers.
The report provides a state-by-state breakdown of these figures, as well as some context on the other side of the coin: Walmart’s huge share of the nationwide SNAP, or food stamp, market.
“Walmart told analysts last year that the company has captured 18 percent of the SNAP market,” it reads. “Using that figure, we estimate that the company accounted for $13.5 billion out of $76 billion in food stamp sales in 2013.”
Walmart spokesperson Randy Hargrove described this week’s report as “inaccurate and misleading,” referring to its use of extrapolated data and adding that public assistance program eligibility requirements vary from state to state.
“More than 99 percent of our associates earn above minimum wage,” he said. “In fact, the average hourly wage for our associates, both full and part-time, is an average of $11.83 per hour.”
He said the company had no internal figures to share on the number of workers receiving public assistance.
“The bottom line is Walmart provides associates with more opportunities for career growth and greater economic security for their families than other companies in America,” he said. “Our full and part-time workers get bonuses for store performance, access to a 401K-retirement plan, education and health benefits.”
Hargrove added that the number of Walmart employees receiving Medicaid is similar to the percentage for other large retailers — and comparable to the national average.
He pointed to a 2005 report by economist Jason Furman, now a White House adviser, describing Walmart’s Medicaid enrollment as “a reflection of [its] enormous size.”
Other large retail chains have been the focus of similar reports in recent months. In October, two studies released to coincide showed that American fast food industry outsourced a combined $7 billion in annual labor costs to taxpayers. McDonald's MCD +0.47% alone accounted for $1.2 billion of that outlay.
Yum Brands came in at a distant number two, with its Pizza Hut, Taco Bell and KFC subsidiaries costing $648 million in benefits programs for workers each year
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB4QFjAA&url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Fclareoconnor%2F2014%2F04%2F15%2Freport-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance%2F&ei=KBcjVbyLBcnfsAWMgYHIBw&usg=AFQjCNGowhUGm-lzxSblsbHbjrK63qrP9w
First off "Tax Fairness" and "Democratic Study" in the same sentence is absolutely laughable. But let's just say for shits and giggles this was accurate. This could be said about almost any business that hires part time from a car wash to a grocery store to fast food joint, etc. Imagine if walmart went under for some reason. Right off the bat you would over 2 million unemployed workers. Those numbers (if true which I would bet are not) are all relative. Again, liberals look at things from a "feelings" standpoint instead of actually thinking about it from a business standpoint which I think most liberals are incapable of doing.
Just because a business has a decent profit margin doesn't mean they can afford to pay more than what a particular employee is worth. If that employee feels like he/she is getting screwed over, they can leave as no one is forcing them to stay. For every one employee that gets fired or leaves you can bet there are a hundred more that would be more than happy to take that job.
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lol 4 billion a year profit and they can't pay a livable wage,i guess Walmart is glad us tax payers can pay the rest so they [walmart] can just squeak by every year :D
You're not too bright. Where do think those profit wind up?
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You're not too bright. Where do think those profit wind up?
the three Walton's by themselves make 3 billion a year,that's not the rest of the stockholders that's them alone.your the one that's not too bright if you think its alright for the tax payers to subsidize the rest of the employees income :D
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You're not too bright. Where do think those profit wind up?
LOL WMT doesn't exactly re-invest their profits into their people ;)
The walton family net value goes up 10 to 30 milliion EVERY YEAR.
http://walmart1percent.org/2013/09/16/richest-family-in-the-u-s-now-25-richer/
It's essentially the modern-day serf kingdom, but hey, it's capitalism and it's fair and its voluntary, so I have no problem with it. But it is what it is lol, they're not good guys, not by a mile, man.
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LOL WMT doesn't exactly re-invest their profits into their people ;)
The walton family net value goes up 10 to 30 milliion EVERY YEAR.
http://walmart1percent.org/2013/09/16/richest-family-in-the-u-s-now-25-richer/
It's essentially the modern-day serf kingdom, but hey, it's capitalism and it's fair and its voluntary, so I have no problem with it. But it is what it is lol, they're not good guys, not by a mile, man.
So what. As a business it should. Whats the problem? If the company is doing $400bil world wide whats the problem? How much should they make? Dividends and stock options. Welcome to big business. They have over 11,000 stores world wide. How do you think those stores are opened? C'mon Rob. you have an MBA. Figure it out.
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the three Walton's by themselves make 3 billion a year,that's not the rest of the stockholders that's them alone.your the one that's not too bright if you think its alright for the tax payers to subsidize the rest of the employees income :D
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You obviously didn't read that long ass reply I gave.
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You obviously didn't read that long ass reply I gave.
you say you don't believe the numbers or the article but it was also reported by Forbes and the WSJ which are not left leaning.it is what it is believe it or not
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you say you don't believe the numbers or the article but it was also reported by Forbes and the WSJ which are not left leaning.it is what it is believe it or not
And I also said "let's say for shits and giggles this was accurate". Then I went on to give a reason. Oh wait, I guess you missed that part.
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And I also said "let's say for shits and giggles this was accurate". Then I went on to give a reason. Oh wait, I guess you missed that part.
so let me get this strait your saying you are more knowledgeable then WSJ and Forbes,mmmmmm OK
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so let me get this strait your saying you are more knowledgeable then WSJ and Forbes,mmmmmm OK
That's not even close to what I said. And no, of course not.
[bThis could be said about almost any business that .hires part time from a car wash to a grocery store to fast food joint, etc. Imagine if walmart went under for some reason.][/b]