Economics 101: Wal-Mart Hikes Minimum Wages, Prepares To Fire 1000

[Where_r_my_Keys]

Anyone shocked by this will have little means to understand what it means... for the rest of you, it's just simple validation of your observations, RE: natural law.




"Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.

The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron Smith himself via e-mail.

"The last time Walmart had a large layoff (800 plus), we were unprepared and overwhelmed with phone calls, emails, resumes and walk-ins," Smith told the paper, referring to a series of cuts at WalMart in 2009. The next round of layoffs are just around the corner and could affect as many as 1,000 employees Smith contends, citing conversations with company insiders.

As those who follow the retailer closely are no doubt aware, context is key here.

Back in April, we asked why WalMart was mysteriously shuttering geographically distinct stores nationwide for "plumbing problems." The company, citing the need to repair persistent "clogs and leaks", closed five stores across the country almost simultaneously. The 2,500 affected employees were in some instances given almost no notice whatsoever.

After a few enterprising reporters determined that no plumbing permits had been filed in any of the locales where the shuttered stores were located, conspiracy theories sprung up, the most outlandish of which posited a link between the store closings and the Jade Helm 15 military drills which began earlier this month in Texas and six other states.

For our part, we argued that the store closures were more likely the result of two things: i) the need to cut costs, and ii) the desire to close a "problem" store in California that had for years served as a hotbed for union activism. For now, we won’t dive into the union issue, but for those interested, see here, here, and here. "

Economics 101 Wal-Mart Hikes Minimum Wages Prepares To Fire 1000 Zero Hedge

 

[PaintMyHouse]

Anyone shocked by this will have little means to understand what it means... for the rest of you, it's just simple validation of your observations, RE: natural law.




"Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.

The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron Smith himself via e-mail.

"The last time Walmart had a large layoff (800 plus), we were unprepared and overwhelmed with phone calls, emails, resumes and walk-ins," Smith told the paper, referring to a series of cuts at WalMart in 2009. The next round of layoffs are just around the corner and could affect as many as 1,000 employees Smith contends, citing conversations with company insiders.

As those who follow the retailer closely are no doubt aware, context is key here.

Back in April, we asked why WalMart was mysteriously shuttering geographically distinct stores nationwide for "plumbing problems." The company, citing the need to repair persistent "clogs and leaks", closed five stores across the country almost simultaneously. The 2,500 affected employees were in some instances given almost no notice whatsoever.

After a few enterprising reporters determined that no plumbing permits had been filed in any of the locales where the shuttered stores were located, conspiracy theories sprung up, the most outlandish of which posited a link between the store closings and the Jade Helm 15 military drills which began earlier this month in Texas and six other states.

For our part, we argued that the store closures were more likely the result of two things: i) the need to cut costs, and ii) the desire to close a "problem" store in California that had for years served as a hotbed for union activism. For now, we won’t dive into the union issue, but for those interested, see here, here, and here. "

Economics 101 Wal-Mart Hikes Minimum Wages Prepares To Fire 1000 Zero Hedge

That's not natural law. That's regulated capitalism at work, adjusting to market conditions, including regulation and the cost of labor. If you can't pay a living wage, don't bother starting the business, we don't need it.

 

[C_Clayton_Jones]

Actually it's confusion of correlation and causation fallacy 101.

 

[nat4900]

By now we all know that the O/P is an imbecile.....

Less workers=more pissed off customers.
Pissed off customers= LESS customers
Less customers= Less sales...
An opportunity hence opens up for competitors....

Yep, capitalism at work,

 

[Spinster]

Been to Walmart. Sub par workers should receive sub pay, not more than, minimum wage. And firing 1,000 employees might get rid of the dead wood and those who frankly don't give a shit. Once that happens, Walmart might not be such a bad place to shop, although this wouldn't do anything toward eliminating idiot shoppers who frequent the store.

 

[Sun Devil 92]

Anyone shocked by this will have little means to understand what it means... for the rest of you, it's just simple validation of your observations, RE: natural law.




"Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.

The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron Smith himself via e-mail.

"The last time Walmart had a large layoff (800 plus), we were unprepared and overwhelmed with phone calls, emails, resumes and walk-ins," Smith told the paper, referring to a series of cuts at WalMart in 2009. The next round of layoffs are just around the corner and could affect as many as 1,000 employees Smith contends, citing conversations with company insiders.

As those who follow the retailer closely are no doubt aware, context is key here.

Back in April, we asked why WalMart was mysteriously shuttering geographically distinct stores nationwide for "plumbing problems." The company, citing the need to repair persistent "clogs and leaks", closed five stores across the country almost simultaneously. The 2,500 affected employees were in some instances given almost no notice whatsoever.

After a few enterprising reporters determined that no plumbing permits had been filed in any of the locales where the shuttered stores were located, conspiracy theories sprung up, the most outlandish of which posited a link between the store closings and the Jade Helm 15 military drills which began earlier this month in Texas and six other states.

For our part, we argued that the store closures were more likely the result of two things: i) the need to cut costs, and ii) the desire to close a "problem" store in California that had for years served as a hotbed for union activism. For now, we won’t dive into the union issue, but for those interested, see here, here, and here. "

Economics 101 Wal-Mart Hikes Minimum Wages Prepares To Fire 1000 Zero Hedge

That's not natural law. That's regulated capitalism at work, adjusting to market conditions, including regulation and the cost of labor. If you can't pay a living wage, don't bother starting the business, we don't need it.

Looks like about 1,000 people are about to find out what they don't need.

 

[PaintMyHouse]

Been to Walmart. Sub par workers should receive sub pay, not more than, minimum wage. And firing 1,000 employees might get rid of the dead wood and those who frankly don't give a shit. Once that happens, Walmart might not be such a bad place to shop, although this wouldn't do anything toward eliminating idiot shoppers who frequent the store.

1,000? They have a payroll of 2.2 million people. 19 Facts That Show Just How Massive Walmart Really Is - BuzzFeed News

Fun fact: 6. As of 2012, six of the Waltons held more wealth than the bottom 40% of Americans.

 

[PaintMyHouse]

Anyone shocked by this will have little means to understand what it means... for the rest of you, it's just simple validation of your observations, RE: natural law.




"Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.

The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron Smith himself via e-mail.

"The last time Walmart had a large layoff (800 plus), we were unprepared and overwhelmed with phone calls, emails, resumes and walk-ins," Smith told the paper, referring to a series of cuts at WalMart in 2009. The next round of layoffs are just around the corner and could affect as many as 1,000 employees Smith contends, citing conversations with company insiders.

As those who follow the retailer closely are no doubt aware, context is key here.

Back in April, we asked why WalMart was mysteriously shuttering geographically distinct stores nationwide for "plumbing problems." The company, citing the need to repair persistent "clogs and leaks", closed five stores across the country almost simultaneously. The 2,500 affected employees were in some instances given almost no notice whatsoever.

After a few enterprising reporters determined that no plumbing permits had been filed in any of the locales where the shuttered stores were located, conspiracy theories sprung up, the most outlandish of which posited a link between the store closings and the Jade Helm 15 military drills which began earlier this month in Texas and six other states.

For our part, we argued that the store closures were more likely the result of two things: i) the need to cut costs, and ii) the desire to close a "problem" store in California that had for years served as a hotbed for union activism. For now, we won’t dive into the union issue, but for those interested, see here, here, and here. "

Economics 101 Wal-Mart Hikes Minimum Wages Prepares To Fire 1000 Zero Hedge

That's not natural law. That's regulated capitalism at work, adjusting to market conditions, including regulation and the cost of labor. If you can't pay a living wage, don't bother starting the business, we don't need it.

Looks like about 1,000 people are about to find out what they don't need.

Welcome to capitalism. That's why Full Employment is 4% unemployment...

 

[Sun Devil 92]

Anyone shocked by this will have little means to understand what it means... for the rest of you, it's just simple validation of your observations, RE: natural law.




"Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.

The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron Smith himself via e-mail.

"The last time Walmart had a large layoff (800 plus), we were unprepared and overwhelmed with phone calls, emails, resumes and walk-ins," Smith told the paper, referring to a series of cuts at WalMart in 2009. The next round of layoffs are just around the corner and could affect as many as 1,000 employees Smith contends, citing conversations with company insiders.

As those who follow the retailer closely are no doubt aware, context is key here.

Back in April, we asked why WalMart was mysteriously shuttering geographically distinct stores nationwide for "plumbing problems." The company, citing the need to repair persistent "clogs and leaks", closed five stores across the country almost simultaneously. The 2,500 affected employees were in some instances given almost no notice whatsoever.

After a few enterprising reporters determined that no plumbing permits had been filed in any of the locales where the shuttered stores were located, conspiracy theories sprung up, the most outlandish of which posited a link between the store closings and the Jade Helm 15 military drills which began earlier this month in Texas and six other states.

For our part, we argued that the store closures were more likely the result of two things: i) the need to cut costs, and ii) the desire to close a "problem" store in California that had for years served as a hotbed for union activism. For now, we won’t dive into the union issue, but for those interested, see here, here, and here. "

Economics 101 Wal-Mart Hikes Minimum Wages Prepares To Fire 1000 Zero Hedge

That's not natural law. That's regulated capitalism at work, adjusting to market conditions, including regulation and the cost of labor. If you can't pay a living wage, don't bother starting the business, we don't need it.

Looks like about 1,000 people are about to find out what they don't need.

Welcome to capitalism. That's why Full Employment is 4% unemployment...

The two don't follow.

But, setting that aside, we'll go back and address your comment about a living wage.

I guess no wage is better than some wage the way you put it.

And you know the the wages of the employees at stores you frequent ? And don't go the stores that underpay (in your opinion) their employees ?

 

[PaintMyHouse]

Anyone shocked by this will have little means to understand what it means... for the rest of you, it's just simple validation of your observations, RE: natural law.




"Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.

The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron Smith himself via e-mail.

"The last time Walmart had a large layoff (800 plus), we were unprepared and overwhelmed with phone calls, emails, resumes and walk-ins," Smith told the paper, referring to a series of cuts at WalMart in 2009. The next round of layoffs are just around the corner and could affect as many as 1,000 employees Smith contends, citing conversations with company insiders.

As those who follow the retailer closely are no doubt aware, context is key here.

Back in April, we asked why WalMart was mysteriously shuttering geographically distinct stores nationwide for "plumbing problems." The company, citing the need to repair persistent "clogs and leaks", closed five stores across the country almost simultaneously. The 2,500 affected employees were in some instances given almost no notice whatsoever.

After a few enterprising reporters determined that no plumbing permits had been filed in any of the locales where the shuttered stores were located, conspiracy theories sprung up, the most outlandish of which posited a link between the store closings and the Jade Helm 15 military drills which began earlier this month in Texas and six other states.

For our part, we argued that the store closures were more likely the result of two things: i) the need to cut costs, and ii) the desire to close a "problem" store in California that had for years served as a hotbed for union activism. For now, we won’t dive into the union issue, but for those interested, see here, here, and here. "

Economics 101 Wal-Mart Hikes Minimum Wages Prepares To Fire 1000 Zero Hedge

That's not natural law. That's regulated capitalism at work, adjusting to market conditions, including regulation and the cost of labor. If you can't pay a living wage, don't bother starting the business, we don't need it.

Looks like about 1,000 people are about to find out what they don't need.

Welcome to capitalism. That's why Full Employment is 4% unemployment...

The two don't follow.

But, setting that aside, we'll go back and address your comment about a living wage.

I guess no wage is better than some wage the way you put it.

And you know the the wages of the employees at stores you frequent ? And don't go the stores that underpay (in your opinion) their employees ?

If I didn't go to stores that unpaid there wouldn't be any stores to go to. And in capitalism losing your job, quitting to find a better one, or transitioning between jobs is normal. That's why there is never a 0% unemployment rate.

I can make millions of jobs here, if you'll work for $2 an hour. Planning to sign up?

 

[Sun Devil 92]

Anyone shocked by this will have little means to understand what it means... for the rest of you, it's just simple validation of your observations, RE: natural law.




"Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."

The quote above is from an internal memo sent to employees of Northwest Arkansas recruiting firm Cameron Smith & Associates and references an expected wave of layoffs at WalMart’s home office in Bentonville.

The memo was obtained by the Arkansas Democrat-Gazette, who spoke with Cameron Smith himself via e-mail.

"The last time Walmart had a large layoff (800 plus), we were unprepared and overwhelmed with phone calls, emails, resumes and walk-ins," Smith told the paper, referring to a series of cuts at WalMart in 2009. The next round of layoffs are just around the corner and could affect as many as 1,000 employees Smith contends, citing conversations with company insiders.

As those who follow the retailer closely are no doubt aware, context is key here.

Back in April, we asked why WalMart was mysteriously shuttering geographically distinct stores nationwide for "plumbing problems." The company, citing the need to repair persistent "clogs and leaks", closed five stores across the country almost simultaneously. The 2,500 affected employees were in some instances given almost no notice whatsoever.

After a few enterprising reporters determined that no plumbing permits had been filed in any of the locales where the shuttered stores were located, conspiracy theories sprung up, the most outlandish of which posited a link between the store closings and the Jade Helm 15 military drills which began earlier this month in Texas and six other states.

For our part, we argued that the store closures were more likely the result of two things: i) the need to cut costs, and ii) the desire to close a "problem" store in California that had for years served as a hotbed for union activism. For now, we won’t dive into the union issue, but for those interested, see here, here, and here. "

Economics 101 Wal-Mart Hikes Minimum Wages Prepares To Fire 1000 Zero Hedge

That's not natural law. That's regulated capitalism at work, adjusting to market conditions, including regulation and the cost of labor. If you can't pay a living wage, don't bother starting the business, we don't need it.

Looks like about 1,000 people are about to find out what they don't need.

Welcome to capitalism. That's why Full Employment is 4% unemployment...

The two don't follow.

But, setting that aside, we'll go back and address your comment about a living wage.

I guess no wage is better than some wage the way you put it.

And you know the the wages of the employees at stores you frequent ? And don't go the stores that underpay (in your opinion) their employees ?

If I didn't go to stores that unpaid there wouldn't be any stores to go to. And in capitalism losing your job, quitting to find a better one, or transitioning between jobs is normal. That's why there is never a 0% unemployment rate.

I can make millions of jobs here, if you'll work for $2 an hour. Planning to sign up?

Please explain to me how this relates to anything that was said previously.

You made the comment that if you can't pay a living wage...we don't need you.

Who is we and what don't we need.

About 1,000 people are soon to find that they no longer are getting a paycheck. Were these minimum wage workers ?

 

[PaintMyHouse]

That's not natural law. That's regulated capitalism at work, adjusting to market conditions, including regulation and the cost of labor. If you can't pay a living wage, don't bother starting the business, we don't need it.

Looks like about 1,000 people are about to find out what they don't need.

Welcome to capitalism. That's why Full Employment is 4% unemployment...

The two don't follow.

But, setting that aside, we'll go back and address your comment about a living wage.

I guess no wage is better than some wage the way you put it.

And you know the the wages of the employees at stores you frequent ? And don't go the stores that underpay (in your opinion) their employees ?

If I didn't go to stores that unpaid there wouldn't be any stores to go to. And in capitalism losing your job, quitting to find a better one, or transitioning between jobs is normal. That's why there is never a 0% unemployment rate.

I can make millions of jobs here, if you'll work for $2 an hour. Planning to sign up?

Please explain to me how this relates to anything that was said previously.

You made the comment that if you can't pay a living wage...we don't need you.

Who is we and what don't we need.

About 1,000 people are soon to find that they no longer are getting a paycheck. Were these minimum wage workers ?

If the company you plan to open can't survive while paying a living wage, don't open it.

 

[Sun Devil 92]

Looks like about 1,000 people are about to find out what they don't need.

Welcome to capitalism. That's why Full Employment is 4% unemployment...

The two don't follow.

But, setting that aside, we'll go back and address your comment about a living wage.

I guess no wage is better than some wage the way you put it.

And you know the the wages of the employees at stores you frequent ? And don't go the stores that underpay (in your opinion) their employees ?

If I didn't go to stores that unpaid there wouldn't be any stores to go to. And in capitalism losing your job, quitting to find a better one, or transitioning between jobs is normal. That's why there is never a 0% unemployment rate.

I can make millions of jobs here, if you'll work for $2 an hour. Planning to sign up?

Please explain to me how this relates to anything that was said previously.

You made the comment that if you can't pay a living wage...we don't need you.

Who is we and what don't we need.

About 1,000 people are soon to find that they no longer are getting a paycheck. Were these minimum wage workers ?

If the company you plan to open can't survive while paying a living wage, don't open it.

So the people they hire (who were presumably not making a wage at all) will be better off ?

Got it.

 

[PaintMyHouse]

Welcome to capitalism. That's why Full Employment is 4% unemployment...

The two don't follow.

But, setting that aside, we'll go back and address your comment about a living wage.

I guess no wage is better than some wage the way you put it.

And you know the the wages of the employees at stores you frequent ? And don't go the stores that underpay (in your opinion) their employees ?

If I didn't go to stores that unpaid there wouldn't be any stores to go to. And in capitalism losing your job, quitting to find a better one, or transitioning between jobs is normal. That's why there is never a 0% unemployment rate.

I can make millions of jobs here, if you'll work for $2 an hour. Planning to sign up?

Please explain to me how this relates to anything that was said previously.

You made the comment that if you can't pay a living wage...we don't need you.

Who is we and what don't we need.

About 1,000 people are soon to find that they no longer are getting a paycheck. Were these minimum wage workers ?

If the company you plan to open can't survive while paying a living wage, don't open it.

So the people they hire (who were presumably not making a wage at all) will be better off ?

Got it.

Yep, in time, if they have what it takes, they might very well be but hey, that's capitalism baby, love it or leave it.

 

[Sun Devil 92]

I can make millions of jobs here, if you'll work for $2 an hour. Planning to sign up?

If I am unemployed and can't find anything else....I just might. At least I'd eat (and not at someone else's behest).

Funny how what you describe is simply a reality of the market.

You could make a million jobs.......if....big if......

 

[PaintMyHouse]

I can make millions of jobs here, if you'll work for $2 an hour. Planning to sign up?

If I am unemployed and can't find anything else....I just might. At least I'd eat (and not at someone else's behest).

Funny how what you describe is simply a reality of the market.

You could make a million jobs.......if....big if......

Nope. It would be a snap, at slave-wages. Keeps China in business just fine.

 

[Silent Warrior]

Who determines a “living wage”? If they pay a “living wage” does the person with 10 kids get more money than the single person doing the same job? When that new business paying your “living wage” gets undersold by everyone else, are you going to buy from them or suggest we legislate the others out of existence to artificially let your favored business succeed? Once the others are out of business and prices are higher are you going to demand a higher “living wage”?

 

[2aguy]

I can make millions of jobs here, if you'll work for $2 an hour. Planning to sign up?

If I am unemployed and can't find anything else....I just might. At least I'd eat (and not at someone else's behest).

Funny how what you describe is simply a reality of the market.

You could make a million jobs.......if....big if......

Nope. It would be a snap, at slave-wages. Keeps China in business just fine.

Yeah...China is about to implode.....

 

[HereWeGoAgain]

By now we all know that the O/P is an imbecile.....

Less workers=more pissed off customers.
Pissed off customers= LESS customers
Less customers= Less sales...
An opportunity hence opens up for competitors....

Yep, capitalism at work,

I love how you seem to be able to make connections like this,yet cant make the connection between higher wages and less jobs.

 

[Sun Devil 92]

I can make millions of jobs here, if you'll work for $2 an hour. Planning to sign up?

If I am unemployed and can't find anything else....I just might. At least I'd eat (and not at someone else's behest).

Funny how what you describe is simply a reality of the market.

You could make a million jobs.......if....big if......

Nope. It would be a snap, at slave-wages. Keeps China in business just fine.

I have no idea what you are saying here. Your one liners don't carry much logic or connection.

Please post a little more when you've got time to give it some thought.