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Can Walmart afford to give their 140 million US workers a 200% raise to $15/hour ?
That's $15K a year for each worker.
Sure Walmart made $17 billion last year but that was global, not US.
The US accounts for 63% so that would be $10 billion.
Walmart has 140 million workers? OMG...everyone working is actually employed by Walmart!
Actually walmart employs 2.2 million (1.3 million in the US) people, and had 125 billion in gross profit last year. Or about 60,000 per employee. Lets say they give every employee an additional $7/hr, roughly 14K. their profit would drop from 125 billion to 95 billion.
Oh the horror. (PS that assumes every single employee was 40/hrs a week full time.)
Walmart has 140 million workers? OMG...everyone working is actually employed by Walmart!
Actually walmart employs 2.2 million (1.3 million in the US) people, and had 125 billion in gross profit last year. Or about 60,000 per employee. Lets say they give every employee an additional $7/hr, roughly 14K. their profit would drop from 125 billion to 95 billion.
Oh the horror. (PS that assumes every single employee was 40/hrs a week full time.)
LOL..Walmart employing nearly 50% of Americans is one scary thought isn't it ?
I hope I wasn't being prophetic here
Actually....we only have 137 million non-farm employed, so add in a few million for the farmers and....Walmart would actually be the sole employer. Thus..Walmart owns everything.....
You refuse to acknowledge the past history of this then? Instead you are going to ignore history and keep trying to claim nonsense about unicorns? Thats not a response, thats gibbering to yourself with no data repeating some meme you heard.
Why do states with higher minimum wages have lower unemployment?
Do you have any evidence of these decreased hours you talk of? Heres a clue-the average number of hours worked by Americans is not exactly low. Some relevant numbers here: The U.S. is the Most Overworked Nation in the World
And no its not "silly anyway" as you put it. We have a minimum wage for a reason. The "mutually agreeable" part makes it sound like the people at minimum wage think they're actually getting a reasonable wage. LOL. Or that there is some equal bargaining power between the minimum wage worker and the employer. Heres a clue....there is, its called a minimum wage. You seem to object to people bargaining this way, you literally are objecting to one side bargaining this way.....you prefer the way where the minimum wage folks don't have any power in the negotiation.
umm, if you don't show up for work then you do not agree to the wage. If you do show up for work, then you obviously believe the highest and best use of your time is to go ahead and punch in. Doesn't matter what your subjective view of that wage is; the fact is, the job you show up at is the premier opportunity available to you--obviously.
If one's labor is not worth very much and a higher price is desired, one must seek to improve one's value to the rest of us. It isn't rocket science, although you seem to be having a lot of trouble with it.
You refuse to acknowledge the past history of this then? Instead you are going to ignore history and keep trying to claim nonsense about unicorns? Thats not a response, thats gibbering to yourself with no data repeating some meme you heard.
Why do states with higher minimum wages have lower unemployment?
Do you have any evidence of these decreased hours you talk of? Heres a clue-the average number of hours worked by Americans is not exactly low. Some relevant numbers here: The U.S. is the Most Overworked Nation in the World
And no its not "silly anyway" as you put it. We have a minimum wage for a reason. The "mutually agreeable" part makes it sound like the people at minimum wage think they're actually getting a reasonable wage. LOL. Or that there is some equal bargaining power between the minimum wage worker and the employer. Heres a clue....there is, its called a minimum wage. You seem to object to people bargaining this way, you literally are objecting to one side bargaining this way.....you prefer the way where the minimum wage folks don't have any power in the negotiation.
Do you even understand what bargaining means. I can tell you it doesn't mean that the federal government, backed by its power to fine or imprison, dictates what a PRIVATE business will pay a potential employee.
Minimum wage folks have power. NOBODY locks them in a place of business and forces them to work.
umm, if you don't show up for work then you do not agree to the wage. If you do show up for work, then you obviously believe the highest and best use of your time is to go ahead and punch in. Doesn't matter what your subjective view of that wage is; the fact is, the job you show up at is the premier opportunity available to you--obviously.
If one's labor is not worth very much and a higher price is desired, one must seek to improve one's value to the rest of us. It isn't rocket science, although you seem to be having a lot of trouble with it.
No the only thing you are agreeing to is that you don't want to starve. Your argument is that minimum wage workers shouldn't have any power in their negotiation for a wage-even the power of them saying that we shouldn't employ people at less by convincing everyone else that thats a reasonable view for our society.
People working at a chicken processing plant are not being paid sufficiently, the only reason they work that job is to avoid starvation. Trust me on this.
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