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southsider2k5

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39 minutes ago, bmags said:

Walmart employs 1.6 million associates in the US. The $12/hr they moved up to in 2021 is like 24k/year. If you paid 1.6 million people 26k more per year that is $41.6 billion. Their net profit was $14billion globally last year.

 

I Understand your point,  but only 68% of Walmart employees are full-time. 

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15 minutes ago, SCCWS said:

I Understand your point,  but only 68% of Walmart employees are full-time. 

It's simply a matter of denying large numbers of part-time employees their benefits, leading to oftentimes single mothers working multiple jobs instead of being there for children after school and/or massive taxpayer funded government subsidies for Medicaid, WIC, AFDC, food stamps, etc.

Not overextended.

Deliberately adopting this hyper profitable business model until someone stops them...which is unlikely with all their PAC contributions to local and regional politicians.

Now they're expanding into senior care since so many greeters can't afford to retire, needing work part time to supplement Social Security.

Btw, his model is largely a failure in China, where volume and efficiency loses to even lower labor costs for local competitors...with with most workers paid roughly $2-3 USD/hour.

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57 minutes ago, Jack Parkman said:

Then they have either overextended themselves or don't deserve to be in business. Their exploitative business model is not their employees problem. 

So any business that can't affford to pay their staff 50,000 should just quit?  That would suck for the world.

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34 minutes ago, southsider2k5 said:

His Bulls holdings do make him an actual Billionaire.

Exactly.

I was thinking about 80% versus 20% and if he has as much control as we think. Imagine the shareholders voting him out as chair.

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43 minutes ago, Squirmin' for Yermin said:

So any business that can't affford to pay their staff 50,000 should just quit?  That would suck for the world.

They don't deserve to be in business if they can't. Their shitty business model is nobody's fault but their own. 

It's either that or start lowering prices of necessities. 

Edited by Jack Parkman
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2 hours ago, bmags said:

Walmart employs 1.6 million associates in the US. The $12/hr they moved up to in 2021 is like 24k/year. If you paid 1.6 million people 26k more per year that is $41.6 billion. Their net profit was $14billion globally last year.

 

Works really well for the employees but not so well for customers and shareholders.

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13 minutes ago, Jack Parkman said:

They don't deserve to be in business if they can't. Their shitty business model is nobody's fault but their own. 

It's either that or start lowering prices of necessities. 

Duuuuude.   You can easily think of businesses where your arbitrary 50k obviously doesn’t work. 
 

I love hyperbole as much as the next man but cmon here.  Admit you didn’t mean it

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27 minutes ago, Jack Parkman said:

They don't deserve to be in business if they can't. Their shitty business model is nobody's fault but their own. 

It's either that or start lowering prices of necessities. 

I agree Walmart has such a shitty business model.. They only netted 14 billion last year.  What a weak business.

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4 hours ago, Texsox said:

Businesses around the stadiums, spring training and regular season, will be feeling this. There are so many people impacted by this.

I kinda feel sick thinking of all the great little places we have stopped at around Phoenix in spring thinking, and now after COVID and this, probably won't be around next time we go. Yea there are worse things than a business going under going on in the world but FFS all this is so unnecessary.

Edited by chitownsportsfan
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21 minutes ago, Squirmin' for Yermin said:

I agree Walmart has such a shitty business model.. They only netted 14 billion last year.  What a weak business.

If they were a baseball team we'd be wanting them to increase salaries and move assets to underperforming stores.

We think the Sox earning $200 mil while paying a minimum wage of $500,000 is wrong while Walmart pulls in $14 billion in profit. This world is strange. I'm rapidly becoming a socialist.

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28 minutes ago, Texsox said:

If they were a baseball team we'd be wanting them to increase salaries and move assets to underperforming stores.

We think the Sox earning $200 mil while paying a minimum wage of $500,000 is wrong while Walmart pulls in $14 billion in profit. This world is strange. I'm rapidly becoming a socialist.

That's the last thing that will fix the problem.

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1 hour ago, Jerksticks said:

Duuuuude.   You can easily think of businesses where your arbitrary 50k obviously doesn’t work. 
 

I love hyperbole as much as the next man but cmon here.  Admit you didn’t mean it

And it's the business model that is the problem. 

I've already stated that a business should not be legally allowed to operate while paying their employees less than a living wage. 

Edited by Jack Parkman
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