Raising minimum wage

[barbara]

http://mobile.nytimes.com/2013/11/26...alifornia.html

I just saw an interview on tv with this guy. It doesn't state it in the article I linked, but in the interview he pointed out that if Walmart increased the pay to their workers, it would be 1% of their overall costs. If they passed that cost along to the consumer, the average Walmart customer would pay about $12 extra a year. He pointed out that is a lot less than that person pays in taxes for gov programs that subsides the low incomes of Walmart workers.

[one1]

Originally Posted by barbara

http://mobile.nytimes.com/2013/11/26...alifornia.html

I just saw an interview on tv with this guy. It doesn't state it in the article I linked, but in the interview he pointed out that if Walmart increased the pay to their workers, it would be 1% of their overall costs. If they passed that cost along to the consumer, the average Walmart customer would pay about $12 extra a year. He pointed out that is a lot less than that person pays in taxes for gov programs that subsides the low incomes of Walmart workers.

I would prefer to give my money in this manor at least it is helping someone have a better standard of living.

I am not real big on tidthing in the orginized religion.I think people should give to people and first hand,not to a organization.

[one1]

How did these people get so filthy rich with such low profit margins,mabe they sold crack on the side.

[merrylander]

Hey maybe that is why we sleep so well - we don't own stock in diddley.

[one1]

Originally Posted by merrylander

Hey maybe that is why we sleep so well - we don't own stock in diddley.

Well mine was included in my benefit package ,I do not think they do that any more.I think Reagon stoped that practice,but he still had good poinnts,FWIW

[one1]

are You sure it is only A 3.5% margin I dont do numbers ,but i would think the Board members earn a little more than that.And yes even so ,they should give up 1% do they not have enough wealth.not just walmart but any large corporation.nevermind he pulled the reply.

[JBS...]

Originally Posted by one1

are You sure it is only A 3.5% margin I dont do numbers ,but i would think the Board members earn a little more than that.And yes even so ,they should give up 1% do they not have enough wealth.not just walmart but any large corporation.nevermind he pulled the reply.

Yes they operate on 3.5 Net profit margin.

But, I don't know about the OP numbers "1% of their overall costs" if that is the case then they would be taking more then 1%.

Do you really think only the rich owns Walmart stock? Most people own it along with the evil big oil stocks.

[d-ray657]

Originally Posted by JBS...

Yes they operate on 3.5 Net profit margin.

But, I don't know about the OP numbers "1% of their overall costs" if that is the case then they would be taking more then 1%.

Do you really think only the rich owns Walmart stock? Most people own it along with the evil big oil stocks.

The profit margin is kept low by paying obscene salaries to executives. Also saves them money on dividends.

Regards,

D-Ray

[JBS...]

Originally Posted by d-ray657

The profit margin is kept low by paying obscene salaries to executives. Also saves them money on dividends.

Regards,

D-Ray

Pfft, the CEO makes less than 0.22% of profits, big deal

[one1]

Originally Posted by JBS...

Yes they operate on 3.5 Net profit margin.

But, I don't know about the OP numbers "1% of their overall costs" if that is the case then they would be taking more then 1%.

Do you really think only the rich owns Walmart stock? Most people own it along with the evil big oil stocks.

yes I know everyone own's stock I worked for wall mart and yes I own stock too,but not on the level the board members do.I do not know a lot of how big buissness works but I do know that the average stockholder cannot be compared with the upper level stockholders.