Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And once upon a time, people made the same analogy between horse breeders and the Model T. Business models change.
Henry Ford believed he needed to pay his workers enough to buy his cars, the Walmart dynasty does not have the same beliefs.
From after the industrial revolution, to about 1980, employees were actually thought of as people, not commodities. Its not just a "business model" that has changed, the whole entire corporate and global culture has changed.
you don't think Walmart pays their employees enough to buy things at Walmart?
Nope, not and live at the same time. The average full time Walmart worker makes about 23k a year, then again, only about 60% of Walmart employees are full time.
Walmart doesnt care about the living standard of their employees, only how much money filters in to their stakeholders pockets.
Nope, not and live at the same time. The average full time Walmart worker makes about 23k a year, then again, only about 60% of Walmart employees are full time.
Walmart doesnt care about the living standard of their employees, only how much money filters in to their stakeholders pockets.
The flaw in this reasoning is that people never had the expectation for a retail job to be the exclusive means to get by; they were always a source of secondary income to the household, or a way for college kids to earn some spending money, etc.
The early days of Ford Motor Co. were different, in that it was the norm for people to rely on manufacturing jobs to live on.
Nope, not and live at the same time. The average full time Walmart worker makes about 23k a year, then again, only about 60% of Walmart employees are full time.
Walmart doesnt care about the living standard of their employees, only how much money filters in to their stakeholders pockets.
If this was truly the case then the stakeholders (stockholders) wouldn't have been sitting on dead money for so long as the stock has underperformed the general market over the past several years.
If this was truly the case then the stakeholders (stockholders) wouldn't have been sitting on dead money for so long as the stock has underperformed the general market over the past several years.
1. Stakeholders and stockholders are not synonyms
2. Walmart is a steady dividend payer
3. Walmart has a P/E ratio under the retail market
Regardless, this has no bearing whatsoever on the focus of Walmart. Ever since Walmart went public in 1972, its been a completely different ballgame, and ever since it passed from Sam Walton in 88, its been a barnstorm.
The flaw in this reasoning is that people never had the expectation for a retail job to be the exclusive means to get by; they were always a source of secondary income to the household, or a way for college kids to earn some spending money, etc.
You have got to be kidding me. Over ten percent of the total employment of our country is in low level retail or fast food. There are a great deal of people trying to survive with retail employment. In fact, that is where most of the job growth is, and continues to be in this country.
Quote:
Originally Posted by Vinsanity
The early days of Ford Motor Co. were different, in that it was the norm for people to rely on manufacturing jobs to live on.
Now its being increasingly the norm for people to rely on low end service jobs to get by, the only difference is, they arent paying the same.
You have got to be kidding me. Over ten percent of the total employment of our country is in low level retail or fast food. There are a great deal of people trying to survive with retail employment. In fact, that is where most of the job growth is, and continues to be in this country.
Now its being increasingly the norm for people to rely on low end service jobs to get by, the only difference is, they arent paying the same.
Absolutely. The thought that people don't have the expectation of making a living on retail employment in our day and age is disconnected. This is the staple of the Brazilization of America, and it's happening right now. To suggest otherwise is to be the proverbial nurse: "because my industry is doing well and gets paid more than the retail slaves and the people in my street are only nurses, expectations of making a living on less than I make must not exist". Come on now... Truth is Americans are, in addition to being unable to hold quantitative skills as a labor value, almost outright endemically incapable of the emotion of empathy..We can't externalize a POV outside our working construct to save our lives...
You have got to be kidding me. Over ten percent of the total employment of our country is in low level retail or fast food. There are a great deal of people trying to survive with retail employment. In fact, that is where most of the job growth is, and continues to be in this country.
Link? I want to find out what comprises the other 90%.
I would love to know the age cohorts of the retail number, I am sure it is young.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
