(10-28-2013 09:39 PM)HeartOfDixie Wrote: Where? $3.78 billion in quarterly profits.
I have no problem with the making as much money as possible. I do have a problem when they do so while the tax payer picks up part of the labour costs.
The rest of your comment is inconsequential to the discussion. I'm sorry you didn't grasp the demonstrative value, or the purpose of, the Ford/Fordism reference.
So you don't believe in ceo caps, but you do believe in caps on corporate earnings?
Obviously you DO have a problem with them making as much money as possible, and you ignore that they pay taxes on their earnings, as do their more highly compensated employees.
My comments aren't inconsequential to the discussion... Opinions about what Henry Ford would have espoused or how reliable Wikipedia is are immaterial to the discussion. The only demonstrative value of the references to Fordism are an immaterial debate as to what Ford would have preferred. Henry Ford was not Jesus... nobody wears a WWHD bracelet. Ford was never a leader of a political party. Sam Walton obviously disagrees. The Chic-Fil-A and In&Out and Nordstrom's certainly have different business models and pay "better" than Wal-Mart, but they are also almost without exception more expensive.
As to taking advantage of the government... Wal-Mart didn't decide on the minimum wage, nor did they decide that people needed more. Further, and most important, Wal-Mart doesn't drive the national employment picture nor did they decide that someone whose skills only warrant a minimum wage job should have a family.
The best way to make Wal-Mart pay more for employees is for the economy to be strong enough so that they can't hire enough people at minimum wage to run their business... and people shop at Target or Nordstrom's rather than Wal-Mart because they don't need to put up with crappy service to save 4 cents on peanut butter.
The government and certain people have decided that $8/hr isn't enough... not Wal-Mart. $8/hr for 40 hours for 4.3 weeks a month is about $1300/month, and that person wouldn't have a tax liability.... so they get a room mate and share a $1,000/month apartment (and you can do far far better than that in most places)... If they're responsible, they pay $350 (or less as I've seen cars for as little as $149/mo) for a Kia and insurance (my 20yr old son pays $100 for low deductible full coverage in California)... or how about a bus pass and a bike? $300 more for food... leaving $150/month... with ZERO assistance from anyone for anything. No overtime. No extra hours.
MINIMUM WAGE shouldn't be designed to support a family or a "high" standard of living. Wal-Mart isn't taking advantage of the government. They are obeying the rules the government has set before them and are playing the "supply/demand" game just like everyone else.
You CONTINUE to ignore that "making as much as they can" means controlling costs, particularly in that their business model is clearly to be the low price leader... and labor is a cost. Why should they pay more just because they can? When you go into Wal-Mart, do you pay more than they ask merely because you can? When you buy a car, do you pay more than they ask? Of course you don't. Why not?
Instead you focus on their earnings... which are clearly a function of very low margins on very large volume. If they were more expensive, they would have far less volume... because nobody shops at Wal-Mart because of their clean stores and quality customer service.