Posted:
#101
Yep. If it was still one person ---would be way richer than Gates. Absolutely amazing. 
Effects of San Francisco rise in minimum wage
Posted:
#105
Mixed impact of raising minimum wage. Some businesses fare worst. Those that prosper are able to become more efficient or increase revenue to offset higher costs. Still, burdening only low-wage industries seem unfair. A better way is for government to give more tax credits (free money) so that more poor people can benefit instead of just workers.
Posted:
#106
Quote Originally Posted by Raiders22:
They don't abuse them. Otherwise people go work/ship elsewhere. That's my point. You haven't shown me that they do this.
They don't abuse them. Otherwise people go work/ship elsewhere. That's my point. You haven't shown me that they do this.
In 2008, Walmart agreed to pay at least $352 million to settle lawsuits claiming that it forced employees to work off the clock. This was the largest of several settlements, over several years, in several states.
In 2008 the Mexican Supreme Court ruled that Walmart had to stop paying it's employees with vouchers that could only be redeemed at Walmart.
It is well known that Walmart prices products such as dairy, laundry detergent and other staple goods below cost, with the intention of forcing competitors out of business and gaining a monopoly in local markets. They have been sued multiple times and they have settled out of court.
Walmart has been sued over 50,000 times in the past ten years.
When Sam Walton was alive, Walmart had a "Buy American" campaign, it was exposed that signs saying "Buy American" were on bins of Asian made products.
By 2005, 60% of Walmarts merchandise was imported.
Walmart is the single largest importer of foreign goods in the United States and their biggest trading partner is China.
Walmart paid millions of dollars in bribes to local officials in Mexico to expedite permits for construction and operation of it's many stores in that country.
Walmart is an employee of Charoen Pokphand Foods. CPF operates fishing boats manned with slaves. The working conditions on these boats include 20 hour work days, forced drug use, starvation and executions.
In 2000, meat cutters in Texas voted to unionize. Walmart subsequently eliminated in house meat cutting.
There was one successful unionization of a Walmart store in Quebec in 2004. Walmart closed the store 5 months later.
Posted:
#110
Animal abuses to fund our cheap food.
Same goes for everything...to gain an advantage usually there is a counterparty or counter effect which absorbs the real cost of that advantage.
Translation...to get our cheap stuff someone or some thing is suffering as a cost for that price.
Walmart uses suppliers as referenced above, as to many large corps..all that is done to maintain exec compensation and stock prices...
If Walmart were to pay higher wages or not hammer suppliers and force them to compromise then their profits would be reduced and their exec compensation would be reduced, share prices and multiples would be reduced.
Posted:
#111
Anyone remember the whole Kathie Lee Gifford/WalMart scandal back in 1996?
Then, in 2006:
https://www.law.harvard.edu/programs/lwp/NLC_childlabor.html
{In 1996, after Charles Kernaghan and the National Labor Committee revealed that Kathie Lee Gifford’s clothing line for Wal-Mart was being made by 12 and 13-year-olds in Honduras, the resulting scandal and publicity was enough to virtually wipe out child labor in garment factories around the world producing for export to the U.S.
"Exactly a decade after the Kathie Lee Gifford scandal, children are again sewing clothing for Wal-Mart, Hanes and other U.S. companies,” said Charles Kernaghan, director of the National Labor Committee.}
Hmmmm..........
It's almost 2016 - aren't we about due for our "Decennial" WalMart child labor exposé?
......And just in time for elections!!!!!!!!!!!
Posted:
#112
Quote Originally Posted by docpj72:
thx for sharing Raiders-yeah it's not the big businesses such as Walmart that suffer but yet small businesses that have to absorb the extra costs/pass them to the consumer...
thx for sharing Raiders-yeah it's not the big businesses such as Walmart that suffer but yet small businesses that have to absorb the extra costs/pass them to the consumer...they cooked up this hare-brained plan up north in Alberta to raise the wage to $15.00 an hour by 2018-it sure bought votes, but the people it is intended to benefit will likely get screwed with higher prices/rent etc..surprised socialism is still popular in this day and age.
How will raising minimum wage a few dollars lead to higher rent?
Posted:
#113
Yes. Sad the way the meat industry is. That's bad period. Not sure Walmart is the only one that uses Purdue or that they are the worst.
Folks gotta eat and you gotta raise and kill animals to eat. So it is open to a lot of abuse. No doubt.
Don't think forcing them to reduce profits and execs being forced to reduce compensation would help this at all. It may actually make it worse. Because people will always try to cut corners,etc. to get profits back up. Not just Walmart; human nature for any company to do this. So, sure some oversight is needed in some places.
It is the same reason we used to have child labor and China and other places still do have it. Human nature is a tough thing sometimes.
Walmart does have an obligation to do right more so. Because the Liberals are certainly going to scrutinize them more because they are seen as the epitome of bad business to the Left at the moment.
Posted:
#114
Quote Originally Posted by docpj72:
thx for sharing Raiders-yeah it's not the big businesses such as Walmart that suffer but yet small businesses that have to absorb the extra costs/pass them to the consumer...
thx for sharing Raiders-yeah it's not the big businesses such as Walmart that suffer but yet small businesses that have to absorb the extra costs/pass them to the consumer...they cooked up this hare-brained plan up north in Alberta to raise the wage to $15.00 an hour by 2018-it sure bought votes, but the people it is intended to benefit will likely get screwed with higher prices/rent etc..surprised socialism is still popular in this day and age.
Brother-in-law is pilot for WestJet there. His brothers all in oil fields. That area is gorgeous and skiing is great. But the prices have shot way up because of that industry as well. So, I would imagine raising minimum wage could have effect on the lower end folks as well.
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