Posted on 02/20/2015 1:39:45 PM PST by ThethoughtsofGreg
Yesterday, Walmart announced that, beginning in April of this year, the company will raise the pay of all its employees to at least $9 an hour. In 2016, the company’s minimum pay rate will again jump to $10. This move will affect approximately 500,000 Walmart employees and, along with several other changes such as increased training and scheduling options, is estimated to cost the company $1 billion.
Walmart’s pay increase follows a number of businesses, including Aetna, Ikea and Gap Inc., that have announced an internal company minimum wage higher than the federal minimum of $7.25 an hour. While some herald these moves as a sign that the states and federal government should increase the legally-mandated wage rate, there is a fundamental difference between a company choosing to raise the internal pay of their employees and government mandating a minimum wage that businesses must pay.
(Excerpt) Read more at americanlegislator.org ...
I guess you can pay your employees more when you outsource their health care costs to healthcare.gov....
Just sayin...
Also by raising the cost of labour it hurts the small time operators in the area becasue now they have to raise wages to prevent workers leaving for wal-mart....
I miss the old wal-mart when sam ran it, not the crony crapitalist big govermeent monster it has turned into...
B.S.
It’s a triumph of Big Government which has managed to grab on to enough of their shorthairs to encourage them to do their bidding.
The local Sheetz convenience store pays more than the local Walmart. A night stocker quit and went to Sheetz where she took a job as a cashier on night shift. That was after the WV minimum wage went to $8.00 per hour.
It often makes economic sense for individual companies to pay a premium wage. (Costco has long paid a premium wage to employees. By doing so, the company gets to skim the cream off the top of the labour pool (if you can get your mind around that mixed metaphor). These better-educated, or more highly motivated employees earn their higher wages, when compared to the performance of the average minimum-wage worker — especially when the motivation of higher-than-most wages is factored in. That doesn’t work, when governments raise the minimum wage for everyone.
Baloney.
According to the thread above, ValJar went there and personally delivered Obama’s shakedown threat.
http://www.freerepublic.com/focus/f-chat/3259711/posts
Note that Wal-Marts purchasing power has increased substantially as the US Dollar has rallied over the past few months.
While China maintains a “dirty peg” to our dollar, virtually every other supplier to Wal-Mart is desperate to maintain their exports and have been racing to “devalue” their currency.
I’m not at all surprised.
Worst part now is the Democraps will take credit for “improving the lives of hundreds of thousands of Walmart employees”.
It’s what they always do.
We’ll be sure to see the “success” on our increased register receipts I’m sure.
Does this include management getting a $9 an hour raise, if so then nothing has changed.
That makes no sense.
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