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Old 01-11-2018, 09:32 AM  
Just Passin' By Just Passin' By is offline
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Bloomberg: Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

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Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit...
https://www.bloomberg.com/news/artic...f-tax-overhaul


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Old 01-11-2018, 10:06 PM   #136
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Originally Posted by cosmo20002 View Post
So, it isn't true?
Wal-Mart shut down some under performing outlets, lefty iconoclasts like Cuban would've done the same thing

The well discussed danger in all of this, is attributing too much, or too little to the tax breaks, its like this years defense under Sutton... the numbers can be twisted to suit either sides aims
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Old 01-12-2018, 12:16 AM   #137
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Originally Posted by IowaHawkeyeChief View Post
Scoop Cosmo... we are laughing because this was talked about 60 post ago...

http://chiefsplanet.com/BB/showpost....1&postcount=70
Well not everyone saw that, I'm sure. News stories get repeated throughout the day.
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Old 01-12-2018, 02:47 AM   #138
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Originally Posted by Easy 6 View Post
Wal-Mart shut down some under performing outlets, lefty iconoclasts like Cuban would've done the same thing

The well discussed danger in all of this, is attributing too much, or too little to the tax breaks, its like this years defense under Sutton... the numbers can be twisted to suit either sides aims
Some of the stores they shit down were actually performing quite well.

It's more of them starting to abandon a philosophy that they were going to make great gains in the wholesale industry (they did not; Costco is crushing them).

They know that their main game is quickly dying out and they're trying desperately to cling to anything that will keep them afloat.

Sam's Club didn't work, so now they think they're going to rival Amazon.
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Old 01-12-2018, 02:24 PM   #139
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Originally Posted by BryanBusby View Post
Some of the stores they shit down were actually performing quite well.

It's more of them starting to abandon a philosophy that they were going to make great gains in the wholesale industry (they did not; Costco is crushing them).

They know that their main game is quickly dying out and they're trying desperately to cling to anything that will keep them afloat.

Sam's Club didn't work, so now they think they're going to rival Amazon.
Sam's Club was always a scam.
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Old 01-12-2018, 02:32 PM   #140
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I really don't like Sam's Club much and wish CostCo was within decent range of my house.
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Old 01-12-2018, 03:13 PM   #141
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Old 01-12-2018, 09:04 PM   #142
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Originally Posted by BryanBusby View Post
I really don't like Sam's Club much and wish CostCo was within decent range of my house.
I like Sam's, but Costco takes back dead Christmas Trees in mid-January...

not that it is cool to do...
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Old 01-13-2018, 06:52 PM   #143
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https://thinkprogress.org/walmart-fi...-47df627e0e04/

"On Friday, there was news of more pain for Walmart workers. The company confirmed to Business Insider that about 3,500 “co-managers” will be laid off across the country. They will be replaced by new, “assistant manager” positions, which would have a lower salary. The laid off workers will be able to “apply” for these new jobs."

"Walmart employees are eligible for the $1,000 bonus only if they’ve worked at the company for 20 years. Most Walmart employees, of course, haven’t worked there that long. Those employees will receive a smaller bonus based on seniority. Walmart didn’t explain exactly how the sliding scale will work, but said the total value of the bonuses will be $400 million. Walmart has about 2.1 million employees, which works out to be an average bonus of about $190."

"The one-time bonus Walmart announced this morning amounts to just over 2 percent of the total value of the tax cut to the company.

In fiscal year 2017, Walmart had pre-tax profits of about $20.5 billion and paid an effective federal tax rate of around 30 percent. With a new corporate tax rate of 21 percent, the corporate tax cut is worth at least $1.85 billion to Walmart every year. Since this cut is permanent, the true benefits to Walmart will grow much larger over time. But it’s safe to say that, over 10 years, this corporate tax cut will be worth over $18 billion to Walmart."
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Old 01-13-2018, 07:14 PM   #144
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Quote:
Originally Posted by Silock View Post
https://thinkprogress.org/walmart-fi...-47df627e0e04/

"On Friday, there was news of more pain for Walmart workers. The company confirmed to Business Insider that about 3,500 “co-managers” will be laid off across the country. They will be replaced by new, “assistant manager” positions, which would have a lower salary. The laid off workers will be able to “apply” for these new jobs."

"Walmart employees are eligible for the $1,000 bonus only if they’ve worked at the company for 20 years. Most Walmart employees, of course, haven’t worked there that long. Those employees will receive a smaller bonus based on seniority. Walmart didn’t explain exactly how the sliding scale will work, but said the total value of the bonuses will be $400 million. Walmart has about 2.1 million employees, which works out to be an average bonus of about $190."

"The one-time bonus Walmart announced this morning amounts to just over 2 percent of the total value of the tax cut to the company.

In fiscal year 2017, Walmart had pre-tax profits of about $20.5 billion and paid an effective federal tax rate of around 30 percent. With a new corporate tax rate of 21 percent, the corporate tax cut is worth at least $1.85 billion to Walmart every year. Since this cut is permanent, the true benefits to Walmart will grow much larger over time. But it’s safe to say that, over 10 years, this corporate tax cut will be worth over $18 billion to Walmart."
I never would of thought a company the size of Wal Mart would of schemed up a position like Co Manager in the first place. Any normal business of any size usually has a Manager/Assistant manager set up, doesn't it? I'm not in the retail industry so I honestly don't know.

And I wish I could of figured out how to copy and paste that purple box at the end of the article, that is classic!!

Please give us money because our race baiting tactics we have used in the past currently finds us broke

Of course, that's just my paraphrasing, but isn't that just about the skinny of it? I have probably heard of this thinkprogress somewhere in time, but I can't remember where or when.
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Old 01-13-2018, 07:17 PM   #145
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Originally Posted by Over Yonder View Post
I never would of thought a company the size of Wal Mart would of schemed up a position like Co Manager in the first place. Any normal business of any size usually has a Manager/Assistant manager set up, doesn't it? I'm not in the retail industry so I honestly don't know.

And I wish I could of figured out how to copy and paste that purple box at the end of the article, that is classic!!

Please give us money because our race baiting tactics we have used in the past currently finds us broke

Of course, that's just my paraphrasing, but isn't that just about the skinny of it? I have probably heard of this thinkprogress somewhere in time, but I can't remember where or when.
Pretty simple. Even for a stupid lefty like me.

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Old 01-13-2018, 07:44 PM   #146
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Originally Posted by eDave View Post
Pretty simple. Even for a stupid lefty like me.

Come on edave, I never even hinted you were stupid or any other lefty.

I have fully admitted I am the dummy when it comes to posting pics here. But you have to see the humor in that plea for money in the purple box, don't ya?
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Old 01-13-2018, 07:54 PM   #147
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Originally Posted by Over Yonder View Post
Come on edave, I never even hinted you were stupid or any other lefty.

I have fully admitted I am the dummy when it comes to posting pics here. But you have to see the humor in that plea for money in the purple box, don't ya?
Ever worse, the average person who reads TP makes 7.35/hour 20 hours a week....great target to ask for $$$
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Old 01-13-2018, 08:01 PM   #148
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Come on edave, I never even hinted you were stupid or any other lefty.

I have fully admitted I am the dummy when it comes to posting pics here. But you have to see the humor in that plea for money in the purple box, don't ya?
I do. My junk email account gets shit like this, from both sides, all the time. Both troll the stupid.
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Old 01-13-2018, 08:11 PM   #149
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It’s sad how greedy corporate America is.
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Old 01-13-2018, 08:20 PM   #150
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Wow, $11/hr entry wage. Back in 1984 I earned $8/hr parttime on the weekends driving a 1-ton delivery van from San Diego to Burbank and back. 34 years later $11/hr is impressive? The corp is reaping profits, and $11/hr is impressive?
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