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Thread: minimum wage

  1. #21
    So if the Son sets you free, you will be free indeed. John's Avatar
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    Quote Originally Posted by BAP View Post
    This is what I call argument by declaration

    No offense John but you have been reading too many funny funny theories which is funny because in an earlier post you seemed to have a good grasp on supply and demand but when it comes to Walmart you suddenly flip

    As you rightly noted it's cheaper on the long run to keep employees than to keep retraining new ones so why you seemingly throw that ecmo I. fact out of the window in your bid to discredit Walmart is what amuses me . Or do you think Walmart execs don't know what you know ?

    For starters 50 million or so Americans are on food stamps Walmart has 1 million or so employees total so to lay welfare usage at walmarts doorstep is pretty laughable don't you think ?

    As expected I didn't hear from you on what constitutes a living wage and how it's computed. (Most people whom use such terms can't , so you have plenty of company in that regard )

    In any case quit parroting left wing talking points on walmart. They have been targeting walmart for unionization for eons hence this oft repeated charge about Walmart deliberately forcing people unto welfare rolls
    You actually hold a progressive view without realizing it. It is the state that is paying walmart workers. That 7.50 an hour they get is just a tip.

    Don't fall into the lizard brain trap of a false left/right paradigm.

    Markets and economics are much more complex than talking points BAP.

  2. #22
    Quote Originally Posted by John View Post
    You actually hold a progressive view without realizing it. It is the state that is paying walmart workers. That 7.50 an hour they get is just a tip.

    Don't fall into the lizard brain trap of a false left/right paradigm.

    Markets and economics are much more complex than talking points BAP.
    Well if you say so John ... just wish you would actually back your pronunciations up with actual numbers that make sense instead of simply arguing by declaration

    We have shown you over and over again that Walmart has Razor thin profit margins which would disappear if they raised wages , we have shown you over and over again that Walmart has a deflationary effect on the American Economy producing well over 2000 in savings for every American family per capita but yet you keep repeating your anti-Walmart dogma.

    Even if your imaginary claims that they push their workers to welfare were true , the cost savings they produce for the overall economy far outweigh the welfare costs in any case so all in you really have no point

  3. #23
    So if the Son sets you free, you will be free indeed. John's Avatar
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    Quote Originally Posted by BAP View Post
    Well if you say so John ... just wish you would actually back your pronunciations up with actual numbers that make sense instead of simply arguing by declaration

    We have shown you over and over again that Walmart has Razor thin profit margins which would disappear if they raised wages , we have shown you over and over again that Walmart has a deflationary effect on the American Economy producing well over 2000 in savings for every American family per capita but yet you keep repeating your anti-Walmart dogma.

    Even if your imaginary claims that they push their workers to welfare were true , the cost savings they produce for the overall economy far outweigh the welfare costs in any case so all in you really have no point
    Walmart is just a fence for cheap Chinese junk. They've harmed the overall economy via their supporting role in the outsourcing of American talent and treasure. They've killed more jobs than they have created.

    You are too stuck on left/right paradigms to understand much of this.

  4. #24
    Like you said "Markets and economics are much more complex than talking points"

    The Wal-Mart Effect on Inflation

    http://www.ncpa.org/sub/dpd/index.php?Article_ID=6729

    May 13, 2002

    One reason the Federal Reserve is less concerned about inflation than the European Central Bank, say economists at UBS Warburg, is the deflationary impact of America's more competitive retail environment.

    They recently evaluated the impact of Wal-Mart Stores Inc. on grocery prices in locations where its Supercenter stores have been undercutting traditional supermarket chains.

    The survey found that rival's prices for grocery items were as such as 27 percent to 39 percent higher than Wal-Mart's -- with the average discount offered by Wal-Mart stores for a comparable basket of goods running about 20 percent.
    Also, Wal-Mart's presence in a market forced down rival stores' prices by some 13 percent.
    This spells less pressure on U.S. household budgets than in Europe -- where grocery competition is less intense.
    And, of course, that puts less pressure on the Fed to step on the monetary brakes.

    Source: Gene Koretz, "Economic Trends: Wal-Mart vs. Inflation," Business Week, May 13, 2002.

    For text

    http://www.businessweek.com/magazine...9/c3782040.htm

    - See more at: http://www.ncpa.org/sub/dpd/index.ph....9gWNpxJ2.dpuf

  5. #25
    So if the Son sets you free, you will be free indeed. John's Avatar
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    Quote Originally Posted by BAP View Post
    Like you said "Markets and economics are much more complex than talking points"

    The Wal-Mart Effect on Inflation
    Well ...

    >> Federal Reserve is less concerned about inflation than the European Central Bank, say economists at UBS Warburg

    That's where you miss it completely, quoting lackeys of the Federal Reserve.

  6. #26
    Quote Originally Posted by John View Post
    Well ...

    >> Federal Reserve is less concerned about inflation than the European Central Bank, say economists at UBS Warburg

    That's where you miss it completely, quoting lackeys of the Federal Reserve.
    Alright Guy , if you say so

  7. #27
    Super Moderator Quest's Avatar
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    Quote Originally Posted by John View Post
    You can have government meddling on both ends...

    Pick A or B

    A.) Subsidizing Walmart workers with food stamps, housing assistance, Child care, etc.

    B.) Raise minimum wage to a living standard.

    I think if the subsidies went away the Walmarts would be forced via market mechanism to pay higher wages.
    Why do you only see these two as options? Seems your 2 options are saying the government is the only one to answer the financial woes of Americans...I disagree..

  8. #28
    Super Moderator Quest's Avatar
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    Quote Originally Posted by John View Post
    You get low prices at walmart because you pay for their workforce via high taxes!

    Walmart is the welfare queen.
    Nope...people who work for Walmart can change their lives and work there by choice..

  9. #29
    Super Moderator Quest's Avatar
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    Listen...I worked at a donut shop for minimum wage while drawing housing and food stamps and praying for God to open a door for a young mother of three with only a GED...He did...and step by step He advanced me as I learned faithfulness, discipline and loyalty....

    He will do this for anyone...

    PS as soon as I left the minimum age job for $10.00 an hour I lost all the benefits....I had to be ok with that..ok with growing up and being independent...many choose to remain in that hole...

  10. #30
    So if the Son sets you free, you will be free indeed. John's Avatar
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    Quote Originally Posted by Quest View Post
    Why do you only see these two as options? Seems your 2 options are saying the government is the only one to answer the financial woes of Americans...I disagree..
    No, I just showed how government does/can meddle on both ends.

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    Quest (01-18-2017)

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