Originally Posted by vailpass
No shit. Payroll is an expense. The lower you can keep payroll while maintaining productivity the better your business. I have a buddy whose consulting firm does nothing but tell businesses how to reduce/replace their headcount.
What I'm laughing at is you saying "they'd just have to take a little bit less profit" as if that's a sane option.
BTW I didn't watch the Clinton video you posted but I hope it mentions him being lucky enough to be around for the dotcom boom and strong economic climate and being luckier still to have gotten out before the housing bubble he helped create burst all over the place.
Ugly Duck has detailed knowledge of Wal Mart's expenses,investments, and future business plans. That's how he/she knows how much Wal Mart can afford to spend on payroll.