Pahrump Wal Mart

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Kinoons

Obsessed Member
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#81
Oh my, are you seriously not that smart to understand basic economics or just trolling here? To fill the Walmart employee gap, it comes out of Walmart's profit margin, just like all of the other companies in the nation with employees not on public assistance like Costco, CVS, Home Depot, Lowes, Station Casinos, etc. Its not that hard to figure out. You know I am right and so angry, youre going to go in circles trying to find some new answer to discredit me. All Walmart needs to do is pick up the gap that will take their employees off of taxpayer funded public assistance AND it can be done without raising prices in the stores.


Hmmm...CalPERS is over 86 years old and the biggest pension program in the world and doing pretty well. I cant say 86 years is "forever", but its a long time. Seems to be working well.


Again, not what I said. I said I think Walmart should be taking care of their employees instead of taxpayer funded public assistance.
Of course it comes out of a companies profits. Do any research on how Walmart is doing? Here I’ll help you out.

https://ycharts.com/companies/WMT/profit_margin

Oct. 31, 2018 1.37%
July 31, 2018 -0.67%
April 30, 2018 1.74%
Jan. 31, 2018 1.60%
Oct. 31, 2017 1.42%
July 31, 2017 2.35%
April 30, 2017 2.59%
Jan. 31, 2017 2.87%
Oct. 31, 2016 2.57%
July 31, 2016 3.12%
April 30, 2016 2.66%
Jan. 31, 2016 3.53%
Oct. 31, 2015 2.81%
July 31, 2015 2.89%
April 30, 2015 2.91%
Jan. 31, 2015 3.77%
Oct. 31, 2014 3.12%
July 31, 2014 3.41%
April 30, 2014 3.13%
Jan. 31, 2014 3.42%
Oct. 31, 2013 3.23%
July 31, 2013 3.48%
April 30, 2013 3.32%
Jan. 31, 2013 4.39%
Oct. 31, 2012 3.19%
That seems to be getting awfully thin as of late.

To put that in some perspective
https://www.investopedia.com/ask/answers/071615/what-profit-margin-usual-company-retail-sector.asp

Wal-Mart (WMT) is the world's largest retailer by far, but it generally only experiences a 3% net profit margin each year. To put this in perspective, it takes Walmart 30 days in a 31-day month to pay off its cost of merchandise, labor, taxes and other operating costs.

Read more: What's normal for profit margin in retail sector? | Investopedia https://www.investopedia.com/ask/an...usual-company-retail-sector.asp#ixzz5YDe5G5js
Follow us: Investopedia on Facebook
Now they’re down to 1% or so. Walmart actually makes money less than one day a month.

So yeah, raise the wages of the unskilled labor. :unsure: Again, with what money? I’d bet you dollars to donuts Walmart isn’t going to sit with a negative profit margin without raising prices.

You’re going to pay for it one way or another.
 
#82
Maybe youre just Googling in the wrong areas?

Why Wal-Mart can afford to give its workers a 50% raise

And get this: The company wouldn’t even have to disappoint Wall Street to pull it off. I’ll explain the math in detail below.

There are a number of ways to answer the question of what Wal-Mart should pay its employees. One possibility is this: The lowest wage that Wal-Mart can get away with paying. That is probably the way many employers do it, but it’s far from the best economic answer. Better-paid employees are likely to work harder and stick around longer. If employees made more, they would have more to spend at Wal-Mart.

Many critics argue that because Wal-Mart made $17 billion in profits last year, it can afford to pay more and even has an obligation to do so. That’s silly, too. Public companies have to make enough money to satisfy shareholders, or else their stocks tank and executives end up getting canned.

I came up with what I feel is a better, more scientific way to determine the answer. Then I called a couple of really smart economists to get it “peer”-reviewed. Sendhil Mullainathan, who teaches at MIT and received a MacArthur genius grant for his work in behavioral economics a few years ago, said he basically came to a similar conclusion as mine a few years ago. He says companies have more discretion in setting wages then they let on. “Really the question is not whether this is possible but why some companies don’t do it [this way],” says Mullainathan.

Wal-Mart didn’t respond to requests for comment.
Im pretty sure Walmart can afford to pick up the gap...

Wal-Mart's stock jumps toward record high after profit and sales beat, raised outlook
Walmart's best sales in a decade show US consumer may be strongest in years because of the tax cut, jobs growth
Walmart is paying $20 billion to shareholders. With that money, it could boost hourly wages to over $15.
Walmart (WMT) Q2 Earnings and Revenues Surpass Estimates

You’re going to pay for it one way or another.
If Walmart picks up the gap, we taxpayers could stop paying for their employee's benefits through taxpayer funded pubic assistance.
 
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Gullwing

1911 pistolsmith
Staff member
Moderator
#83
Agreed no none union person can give any reasons why unions are bad.
Come on all you idiots, Unions are great!!! Just look at the UAW they make GM pay for extreme benefits um I mean their fair share... ~Ten years ago when GM was supper strong ONLY $2000 per vehicle went to union healthcare. Yes I know you think that is a lot on a $60,000 vehicle, but you are wrong and it is even less on a $15,000 S*** box. Plus ten years later GM just announced they are laying off ONLY 15% of their workers.
And NO GM never took any taxpayer money!!!
 

Fogie

Swimming Pool Monkey
Forum Supporter
#84
If Walmart picks up the gap, we taxpayers could stop paying for their employee's benefits through taxpayer funded pubic assistance.
"picks up the gap"
Lol!..Did you learn that term while getting your business degree? Also, don't assume that Walmart employees are dependent or in need of "pubic assistance." You are projecting, maybe?

Pick up the gap..LMAO! Get off your phone and back to work, minion.
 

Kinoons

Obsessed Member
Forum Supporter
#85
First article — you have an easily replaced non skilled workforce. What is the motivation to keep them? What is the incentive to pay them more? Is the workforce worth the added cash when they’re easily replaced?

Your second link is from 2016. As you can see Walmart profit margin has dropped from that time.

Your third article lists a 3.8 percent increase in sales. Unfortunately that gain still resulted in a 0.5% deficit in their profit margin.

From your fourth article

Many companies choose to spend their money on shareholders over workers. Stock buybacks have been trending up for multiple years, and the tax bill has exacerbated them: Corporate stock buybacks hit a record $178 billion in the first three months of 2018.
The stock buyback isn’t something only Walmart does. Here’s a newsflash for you. — companies are more concerned with their own investors than employees. It’s been that way forever in Capitalism. Or would you prefer a communistic model that all workers earn the same wage irrespective of their job?
 
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