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Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

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  • #31
    Originally posted by Starlight View Post

    This is why I don't take the 'running list' you posted in this thread seriously. How many of those companies are just pretending to have Totally Raised Wages Because Of The Tax Bill for PR purposes, either to distract from layoffs and closures or from moving jobs to mexico or to try and get political capital out of small wage increases they were already going to give? Probably all of them.
    Prog upset that there is other way to push wages of lowest workers besides using minimum wage. Sad!!!
    Remember that you are dust and to dust you shall return.

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    • #32
      Originally posted by One Bad Pig View Post
      If you're going to paste a pic with the correct spelling, you could at least use that to spell it correctly yourself.
      But that’d take time.

      Comment


      • #33
        Originally posted by One Bad Pig View Post
        The only company of which I'm aware which sits on large piles of cash is the ever-trendy Apple.
        They pretty much all do. I believe all the big companies currently have a lot of capital on hand (e.g. Microsoft $126b, Google $92b, Amazon $22b, Walmart $7b, etc). We're not at all in an economic environment where they are cash-strapped. That's one of many reasons the tax bill will do nothing, because giving people who have giant piles of cash sitting around a bit more cash isn't likely to change their behavior. If they already had a way of using that cash in a profitable way in their business, they would already be doing it.

        If we were in the middle of a credit crunch where businesses were cash-strapped, and were unable to find investors and banks were really reluctant to lend money, then a corporate tax cut that freed up cash might have an effect on corporate behavior other than the business owners saying thanks and pocketing it. But that's not remotely the current economic climate.
        "I hate him passionately", he's "a demonic force" - Tucker Carlson, in private, on Donald Trump
        "Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic socialism" - George Orwell
        "[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy" - Albert Einstein

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        • #34
          Originally posted by Starlight View Post
          They pretty much all do. I believe all the big companies currently have a lot of capital on hand (e.g. Microsoft $126b, Google $92b, Amazon $22b, Walmart $7b, etc). We're not at all in an economic environment where they are cash-strapped. That's one of many reasons the tax bill will do nothing, because giving people who have giant piles of cash sitting around a bit more cash isn't likely to change their behavior. If they already had a way of using that cash in a profitable way in their business, they would already be doing it.

          If we were in the middle of a credit crunch where businesses were cash-strapped, and were unable to find investors and banks were really reluctant to lend money, then a corporate tax cut that freed up cash might have an effect on corporate behavior other than the business owners saying thanks and pocketing it. But that's not remotely the current economic climate.
          I wasn’t aware that Microsoft, Google, Amazon, and Wal Mart were ‘all companies’ or even most companies. About all you showed is that trendy tech companies and a few larger non trendy tech companies have lots of cash on hand.
          "The man from the yacht thought he was the first to find England; I thought I was the first to find Europe. I did try to found a heresy of my own; and when I had put the last touches to it, I discovered that it was orthodoxy."
          GK Chesterton; Orthodoxy

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          • #35
            Originally posted by Starlight View Post
            ...That's one of many reasons the tax bill will do nothing...
            Let's see.... believe the pinko commie extreme leftist foreigner blogger, or actual US economists....
            The first to state his case seems right until another comes and cross-examines him.

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            • #36
              A u t o m a t i o n
              “I think God, in creating man, somewhat overestimated his ability.” ― Oscar Wilde
              “And if there were a God, I think it very unlikely that He would have such an uneasy vanity as to be offended by those who doubt His existence” ― Bertrand Russell
              “not all there” - you know who you are

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              • #37
                Originally posted by firstfloor View Post
                A u t o m a t i o n
                Pretty much. One day Amazon will own the retail world and be completely automated. Robots will run the warehouses and fulfill orders. Drones will deliver them. And we will sit back in our comfy chairs and sip milkshakes.

                walle-socialnetwork05.jpg

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                • #38
                  Originally posted by Starlight View Post



                  This is why I don't take the 'running list' you posted in this thread seriously. How many of those companies are just pretending to have Totally Raised Wages Because Of The Tax Bill for PR purposes, either to distract from layoffs and closures or from moving jobs to mexico or to try and get political capital out of small wage increases they were already going to give? Probably all of them.
                  And yet in the real world unemployment is dropping with the rates among minorities like blacks and Hispanics at historically low levels. Even jobs in manufacturing, something that the left solemnly assured us were gone forever, have risen sharply. Companies like Caterpillar and Ford are moving operations back to the U.S. And while several factors are at play here the one thing that they consistently credit is the tax cut.

                  I'm always still in trouble again

                  "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                  "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
                  "Of course, human life begins at fertilization that’s not the argument." --Tassman

                  Comment


                  • #39
                    Originally posted by Starlight View Post
                    [ATTACH=CONFIG]25923[/ATTACH]
                    Attached Files

                    I'm always still in trouble again

                    "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                    "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
                    "Of course, human life begins at fertilization that’s not the argument." --Tassman

                    Comment


                    • #40
                      Originally posted by rogue06 View Post
                      And yet in the real world unemployment is dropping with the rates among minorities like blacks and Hispanics at historically low levels.
                      I'll have to find the article (Slate?) where one of the libs was bemoaning the fact that black unemployment is not the same as white unemployment, even though the data cited shows a marked decrease in black unemployment. It's better, but not perfect, therefore, Trump's policies are failed!
                      The first to state his case seems right until another comes and cross-examines him.

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                      • #41
                        Originally posted by Cow Poke View Post
                        I'll have to find the article (Slate?) where one of the libs was bemoaning the fact that black unemployment is not the same as white unemployment, even though the data cited shows a marked decrease in black unemployment. It's better, but not perfect, therefore, Trump's policies are failed!
                        They just haven't found a way to give the credit to Obama yet.

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                        • #42
                          Originally posted by Sparko View Post
                          They just haven't found a way to give the credit to Obama yet.
                          It is amazing the extent to which they go to avoid acknowledging that there's anything Trump has done that is OK.
                          The first to state his case seems right until another comes and cross-examines him.

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                          • #43
                            Originally posted by Cow Poke View Post
                            It is amazing the extent to which they go to avoid acknowledging that there's anything Trump has done that is OK.
                            Nothing new about that. For the longest time after Reagan turned around a much worse economy the left kept insisting that it wasn't happening even though everyone could see for themselves that inflation, interest and unemployment rates had gone into free fall.

                            I'm always still in trouble again

                            "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                            "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
                            "Of course, human life begins at fertilization that’s not the argument." --Tassman

                            Comment


                            • #44
                              "Wal-Mart abruptly announced Thursday plans to close more than 60 of its Sam's Club locations, or nearly 10 percent of its store fleet, across the country.

                              The wholesale club locations closing span from Alaska to Puerto Rico. Some of the shuttered stores will be converted into e-commerce fulfillment facilities, the company said.

                              The news came on the same day the big-box retailer announced it would be boosting its starting wage for hourly employees and handing out bonuses, among other benefits, after the passage of new tax legislation."
                              “I think God, in creating man, somewhat overestimated his ability.” ― Oscar Wilde
                              “And if there were a God, I think it very unlikely that He would have such an uneasy vanity as to be offended by those who doubt His existence” ― Bertrand Russell
                              “not all there” - you know who you are

                              Comment


                              • #45
                                Originally posted by firstfloor View Post
                                "Wal-Mart abruptly announced Thursday plans to close more than 60 of its Sam's Club locations, or nearly 10 percent of its store fleet, across the country.

                                The wholesale club locations closing span from Alaska to Puerto Rico. Some of the shuttered stores will be converted into e-commerce fulfillment facilities, the company said.

                                The news came on the same day the big-box retailer announced it would be boosting its starting wage for hourly employees and handing out bonuses, among other benefits, after the passage of new tax legislation."
                                Looks like Starlight called it, but I may have missed a poster specifically refuting his points in that particular post.

                                Comment

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