Stunner. After Raising Minimum Wage at US Stores, Wal-Mart Cuts Workers’ Hours
Posted on | August 31, 2015 | 4 Comments
Stunner. After Raising Minimum Wage at US Stores, Wal-Mart Cuts Workers’ Hours
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4 Responses to “Stunner. After Raising Minimum Wage at US Stores, Wal-Mart Cuts Workers’ Hours”
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August 31st, 2015 @ 4:01 pm
Employers want to keep labor as a fixed cost, wages go up the number getting that wage goes down. If wages go down more people are hired.
Unions will pretend they did not know this.
August 31st, 2015 @ 5:10 pm
The question really is:
What is the net profit a corporation is allow to have in America?
Now if Americans want to pass a law that says a corporation can have 80% net profit and the other 20% is used for wages so be it.
However if Americans want to force someone to pay for flipping burgers $50/hr, then I guess you may 1) lose your job 2) lose your fulltime job to parttime 3) lose your 2nd parttime jobe 4) lose your only parttime job.
If you have never ran a business, then you would not know.
Of course, Blackstone CEO makes almost 1 Billion dollars in salary and pays the peons around $13-$15/hr. Yeah. I dont like it either when he could allow them to also get decent wages instead of 10cent raise her and maybe a 5cent raise there.
The significant injustices in this pseudo capitalist society is really sad. Trump says the hedge funds are not paying their fair share.
And remember dont say folks dont pay taxes who are near poverty. They do.. Fica, ssn, medicare, medicaid, payroll.
NO ONE IS TALKING ABOUT ALL THE NUMBERS AND DEDUCTIONS…PERIOD..
August 31st, 2015 @ 5:11 pm
WHEN YOU SPEAK, SPEAK WITH PURPOSE AND ALL THE FACTS NOT WITH A MOTIVE AND BIAS.
THANK YOU…
August 31st, 2015 @ 5:27 pm
The Unions will have to increase dues because of the per hour gain!