Posted on 09/07/2023 6:45:06 PM PDT by NautiNurse
Walmart is paying some new store workers less than it would have three months ago, a sign that employers are seeking to cut labor costs as the once-hot market for hourly staff cools.
The country’s largest private employer changed its wage structure for hourly workers in mid-July.
[Snip]
The wage-structure change comes after Walmart and other large employers have for years steadily raised wages and added benefits to attract workers in a tight labor market. The retailer’s latest move suggests that the stresses companies are facing in trying to find employees are easing and that they need to find ways to offset those wage increases.
Walmart said the change allows workers to move between work groups such as food, registers, stocking or digital fulfillment without pay impacts, according to documents given to some store workers.
[Snip]
Retailers are looking at ways to reduce costs in anticipation of some consumer weakness heading into the end of the year, including the holiday shopping season, said David Bassuk, global leader of the retail practice at consulting firm AlixPartners. In general, retailers face more sales and therefore higher labor costs through the late-year holidays.
[Snip]
Some economists have found that Walmart’s market power is a primary determinant of wage levels in local economies where the company has a large presence, especially at other retailers and grocery stores.
(Excerpt) Read more at wsj.com ...
Walmart is the bellwether for wage structure.
I’ve never seen a happy looking Walmart employee.
I have. It was back in the mid-1980s.
The cost of stuff you buy goes up.
Your hourly wage goes down.
Bidenomics!
The greeters are generally pleasant. Sort of...
There’s a paywall. What is their hourly wage now?
A woman comedian said: I once worked as a stock clerk at Walmart. It didn’t just happen automatically. I had to dream it first.
I’ve looked at Jim’s bar.
I don’t ever recollect him being so far short.
Lean days ahead for the hoi polloi. Saw an article earlier today that health insurance premiums are taking a big leap in 2024.
LOL!
The rotten bosses at many places including mine tried to get by using this book of rewards OTHER than MONEY. All employees were grim faced, resentful and angry over it.
I’m not seeing lack of demand at local Walmarts.
My neighbor Mark the arborist says the tree-trimming business is back to normal after Hurricane Ian.
At Osprey, Florida, Walmart pays $15/hour to start.
At Nokomis, Florida, Aldi is offering $18/hour for full-time employment.
When inflation exploded, nothing was going to satisfy employees beyond salary adjustments. Even then, inflation prevented workers from feeling like they were getting ahead. More like treading water. Not much satisfaction there.
Wowser. I remember my first nursing position with a bachelor degree: $8/hour. Dang, I'm old.
Not bad for a lower entry pay.
My former neighbor Mike was told his single-family home rent was to be $4500/month instead of $1900/month.
He now lives around Lake City, Florida.
Tree trimming in Florida is a necessity.
Aldi gets good people for its money.
The USA may be headed down, but there are still many good people here.
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