Posted on 03/16/2014 12:50:18 PM PDT by rickmichaels
WASHINGTON — For years, many Americans followed a simple career path: Land an entry-level job. Accept a modest wage. Gain skills. Leave eventually for a better-paying job.
The workers benefited, and so did lower-wage retailers such as Wal-Mart: When its staffers left for better-paying jobs, they could spend more at its stores. And the U.S. economy gained, too, because more consumer spending fueled growth.
Not so much anymore. Since the Great Recession began in 2007, that path has narrowed because many of the next-tier jobs no longer exist. That means more lower-wage workers have to stay put. The resulting bottleneck is helping widen a gap between the richest Americans and everyone else.
“Some people took those jobs because they were the only ones available and haven’t been able to figure out how to move out of that,” Bill Simon, CEO of Wal-Mart U.S., acknowledged in an interview with The Associated Press.
If Wal-Mart employees “can go to another company and another job and make more money and develop, they’ll be better,” Simon explained. “It’ll be better for the economy. It’ll be better for us as a business, to be quite honest, because they’ll continue to advance in their economic life.”
Yet for now, the lower-wage jobs once seen as stepping stones are increasingly being held for longer periods by older, better-educated, more experienced workers.
(Excerpt) Read more at business.financialpost.com ...
true. This has been ongoing for decades. The R’s and D’s have been pushing this. the results are predictable.
I’m not sure I understand your point. Are you arguing that S-H was neutral in its effect? I think that’s about the best that can be said for it....
(I don’t care it was a Republican that signed it. Hoover was as bad a statist as ol’ Rubberlegs.)
***“Some people took those jobs because they were the only ones available and haven’t been able to figure out how to move out of that,” Bill Simon, CEO of Wal-Mart U.S.***
Why not do like I did to escape agricultural starvation minimum wages forty four years ago and LOOK IN THE WANT ADDS FOR BETTER PAYING JOBS!
Or stick with WALMART and take advantage of internal promotional programs.
Her is how DOUG McMILLON, CEO of WALMART INTERNATIONAL got his start.
http://www.usatoday.com/story/money/business/2013/11/25/wal-mart-ceo/3696819/
“Originally from Jonesboro, Ark., McMillon started his career in 1984 as a summer associate at a Wal-Mart distribution center. He got a B.S. in business administration from the University of Arkansas and an MBA from the University of Tulsa. While pursuing the MBA, he rejoined the company in a Tulsa Walmart store.”
“Walmart’s new CEO is the current head of Walmart International, overseeing the company’s growing interests in 26 countries outside the US.
McMillon has a long history with the store chain, having started out as summer employee in a distribution center in 1984 before heading to the University of Arkansas in Fayetteville, one town over from the retailer’s corporate headquarters.
http://abcnews.go.com/Business/things-walmarts-ceo/story?id=21003287
2.
Deep Roots
McMillon began his career at Wal-Mart as a summer associate in a Walmart Distribution Center in 1984, loading and unloading trucks. As a 22-year veteran of the company, McMillon has lived in Bentonville, Ark., as Walmart International CEO. Before then, he was president and CEO of Sam’s Club from 2006 to 2009.
McMillon also worked at a Walmart store while earning his MBA from the University of Tulsa.
A SUMMER ASSOCIATE! A SUMMER EMPLOYEE. LOADING AND UNLOADING TRUCKS!
Welcome to the Obama Economy........
Although China has some ugly tariffs against U.S. products, I agree that tariffs alone won’t do enough to get us going.
Repeal local laws and regulations in local governments against owner-builder projects, property rights in general and new, small manufacturing shops. Then, we’ll see what we can do. But we’re not buying more from this regime of recirculating debt. We’ll buy less and less.
We won’t need stinking energy from local energy companies (with investors being mostly bureaucrats and retired bureaucrats), so go ahead. Ship all of the refined products to the new “partners” of VIPs. And before long, we won’t need to buy food from big ag. We’ll work for ourselves. People descended from hundreds of years of Americans (not much in business or politics these days) are adapting and learning aptitudes toward ingenuity again.
We don’t care what the political class does with its bipartisan EPA or its favorite, global business interests. The regulations against fresh, new inventions are at the local levels and were established by both political parties preaching “property values.” The property values scam is done for, and so are the commie NIMBYs. We refuse contemporary politics. We laugh at popular political speech (all from socialism).
And Obama is struggling even harder against ‘em.
+
I hear people on FR demanding a Smoot-Hawley style tariff to fix everything, almost every day. I’ll bet this post generates one or two.
-=O=-
Better to return government (at all levels) to beneath the rock we provided for it.......
HUMAN Beings need neither ‘keepers’ nor ‘trainers’ and can well deal with the feral and psychotic.
Agreed.
“that path has narrowed because many of the next-tier jobs no longer exist. That means more lower-wage workers have to stay put.”
A condition completely engineered by the current occupant of the Whitehouse. Its called destroying the American middle class and creating the new Proletariat.
Bring back American jobs.
How about our out sourcing of manual labor and building trades?
Illegal aliens swarm across our boarders and take low skilled and construction labor jobs that otherwise go to Legal immigrants or American citizens.
They then send much of their wages back home to their relatives. This is US currency that otherwise would remain in this country and stimulate the economy of this country.
It is often said that these illegals are doing jobs that Americans don’t want to do. If this is true why don’t Americans want these jobs?
Part of the reason maybe because overly generous social welfare systems make it easier and more pleasant to not work than to do hard work for low pay. Another reason maybe those illegal aliens will word for lower pay than American Citizens will because they do not pay the income and SS taxes that citizens do (working of the books).
Maybe we should stem the tide of exporting (importing illegal) labor before we should resort to protectionism.
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