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Old 10-11-2009, 09:31 PM
 
Location: #
9,608 posts, read 8,940,402 times
Reputation: 6142
Default This bothers me

This may not even be a "Houston" topic per se, but it is occurring in Houston. As many of you know, I am a teacher looking for a job who currently works as a general handyman for many of the retailers. I was at a Victoria's Secret (we get a lot of work from them) when I started to talk to some of the girls. My pay is pretty lousy, but not the worst. They were telling me that Victoria's Secret starts out at 7.25. Also, I was told this is common at most of the high end retailers around Houston. Am I the only one bothered by the fact that a high end retailer such as Victoria's Secret pays their employees minimum wage? For what they charge for their clothing, it almost seems criminal to me.
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Old 10-11-2009, 09:32 PM
 
11,206 posts, read 16,541,954 times
Reputation: 5021
One for you, 19 for me...
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Old 10-11-2009, 09:33 PM
 
Location: #
9,608 posts, read 8,940,402 times
Reputation: 6142
Damned rep rules. Sorry, this is the best I can do
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Old 10-11-2009, 10:07 PM
hsw
 
2,066 posts, read 4,074,428 times
Reputation: 1342
Maybe, maybe not

Realize that retail (even high-end) is a crappy business in terms of profit margins (vs industries like energy or tech or finance or pharma/med tech/biotech)

Reality of retail (or tourism/entertainment) is most workers are low-quality/low-skill (and deserve low wages), but a rare few show amazing talent for customer service and/or creativity and move up rapidly from a min wage entry job to better jobs or start own businesses (let's not forget that the Walton family (WalMart founder's heirs) is collectively wealthier than Gates of Microsoft and/or Warren Buffett, perhaps put together)

Advantage of low entry wages is employers can efficiently filter competent employees; employees who are competent gain valuable entry-level expce and move on quickly to bigger, better things; those who aren't competent or ambitious will work for deminimus wages until they can find a cushy government job where they are paid a lot more for little work and can't be fired easily, no matter economy or incompetence...communism is great for the lazy and/or stupid
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Old 10-11-2009, 10:16 PM
 
Location: So. Dak.
13,496 posts, read 24,166,681 times
Reputation: 14802
Quote:
Originally Posted by hsw View Post
Maybe, maybe not

Realize that retail (even high-end) is a crappy business in terms of profit margins (vs industries like energy or tech or finance or pharma/med tech/biotech)

Reality of retail (or tourism/entertainment) is most workers are low-quality/low-skill (and deserve low wages), but a rare few show amazing talent for customer service and/or creativity and move up rapidly from a min wage entry job to better jobs or start own businesses (let's not forget that the Walton family (WalMart founder's heirs) is collectively wealthier than Gates of Microsoft and/or Warren Buffett, perhaps put together)

Advantage of low entry wages is employers can efficiently filter competent employees; employees who are competent gain valuable entry-level expce and move on quickly to bigger, better things; those who aren't competent or ambitious will work for deminimus wages until they can find a cushy government job where they are paid a lot more for little work and can't be fired easily, no matter economy or incompetence...communism is great for the lazy and/or stupid
HUH? But what do the lazy, stupid people survive on while they're waiting for that cushy, govt. job?
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Old 10-11-2009, 10:19 PM
 
Location: Fondren SW Yo
2,785 posts, read 3,962,615 times
Reputation: 2171
Quote:
Originally Posted by crbcrbrgv View Post
This may not even be a "Houston" topic per se, but it is occurring in Houston. As many of you know, I am a teacher looking for a job who currently works as a general handyman for many of the retailers. I was at a Victoria's Secret (we get a lot of work from them) when I started to talk to some of the girls. My pay is pretty lousy, but not the worst. They were telling me that Victoria's Secret starts out at 7.25. Also, I was told this is common at most of the high end retailers around Houston. Am I the only one bothered by the fact that a high end retailer such as Victoria's Secret pays their employees minimum wage? For what they charge for their clothing, it almost seems criminal to me.
Unless the employees have a gun to their head and are being forced to work there, what's the problem?
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Old 10-11-2009, 10:24 PM
 
Location: #
9,608 posts, read 8,940,402 times
Reputation: 6142
Quote:
Originally Posted by hsw View Post
Maybe, maybe not

Realize that retail (even high-end) is a crappy business in terms of profit margins (vs industries like energy or tech or finance or pharma/med tech/biotech)

Reality of retail (or tourism/entertainment) is most workers are low-quality/low-skill (and deserve low wages), but a rare few show amazing talent for customer service and/or creativity and move up rapidly from a min wage entry job to better jobs or start own businesses (let's not forget that the Walton family (WalMart founder's heirs) is collectively wealthier than Gates of Microsoft and/or Warren Buffett, perhaps put together)

Advantage of low entry wages is employers can efficiently filter competent employees; employees who are competent gain valuable entry-level expce and move on quickly to bigger, better things; those who aren't competent or ambitious will work for deminimus wages until they can find a cushy government job where they are paid a lot more for little work and can't be fired easily, no matter economy or incompetence...communism is great for the lazy and/or stupid
I understand retail has lower profit margins. But what I don't understand is how Victoria's Secret, which has 1 billion dollars a year in revenue can't afford to pay their employees at least 8 or 9 dollars an hour. I mean I understand that Victoria's Secret would only make a measly 990,000,000 in revenue if they did this, but still. This is a high end store. A true high end store would pay better than minimum wage.
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Old 10-11-2009, 10:32 PM
 
Location: Houston
3,567 posts, read 1,382,471 times
Reputation: 931
Quote:
Originally Posted by crbcrbrgv View Post
I understand retail has lower profit margins. But what I don't understand is how Victoria's Secret, which has 1 billion dollars a year in revenue can't afford to pay their employees at least 8 or 9 dollars an hour. I mean I understand that Victoria's Secret would only make a measly 990,000,000 in revenue if they did this, but still. This is a high end store. A true high end store would pay better than minimum wage.
What's there not to understand? Got one word for you - GREEDY!
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Old 10-11-2009, 10:33 PM
 
Location: #
9,608 posts, read 8,940,402 times
Reputation: 6142
Quote:
Originally Posted by XodoX View Post
What's there not to understand? Got one word for you - GREEDY!
Sad, but true.
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Old 10-11-2009, 10:38 PM
 
Location: Houston, TX
15,135 posts, read 14,172,004 times
Reputation: 13448
Being a high end retailer has its perks. Brand name attracts 'better' employees than the discount shops. Lots of people want to say they work at VS...It sure beats Taco Bell (Who I patronize). Part of their allure is image and those employees who's image model the company profile get more $ faster. An unfortunate lesson I learned...if your in a company that sells image/clothing/lifestyle, you need to be pretty.
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