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Old 10-15-2014, 01:11 PM
 
310 posts, read 451,015 times
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Quote:
Originally Posted by Emigrations View Post
Then why are they complaining in the first place? It's a chicken and egg deal.
Because they are complaining about stagnant wages in other industries, not in their own. They want others to make more money while keeping their own employee's wages flat.

At the end of the day there is no infinite growth, and one individual only needs to much crap that's made in China in their home.

As consumers in industrialized nations drive cars for 20+ years, keep their TVs and computers for 6+ years, and generally recognize that consumerism isn't necessary to live a fulfilled life those companies who sell us crap we don't need and often cannot afford are left out in the cold. That's actually OK.
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Old 10-15-2014, 01:37 PM
 
7,238 posts, read 10,473,744 times
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Quote:
Originally Posted by RarelyRelocating View Post
Amazon?

Except for groceries and the occasional trip to Home Depot for minor stuff we buy everything on Amazon. It's delivered right to the door and it's 100% of the time less expensive than to buy it at a retail store.
For the most part, Amazon is still a niche retailer.

Most Americans still have to go to the Walmarts and the Targets for every day staples...
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Old 10-15-2014, 01:40 PM
 
7,238 posts, read 10,473,744 times
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Quote:
Originally Posted by RarelyRelocating View Post
Because they are complaining about stagnant wages in other industries, not in their own. They want others to make more money while keeping their own employee's wages flat.
The point is why are they worried about a situation they can't (or choose not to) control?

Why not instead use that energy to come up with new solutions on how to capitalize on these flat wages.
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Old 10-15-2014, 02:21 PM
 
310 posts, read 451,015 times
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Quote:
Originally Posted by 313Weather View Post
The point is why are they worried about a situation they can't (or choose not to) control?
They can somewhat control them. If the retail sector ******* loud enough then the Fed and Congress listens. Remember "Cash for Clunkers"? That wasn't Walmart but the automotive industry bitching and all of a sudden taxpayers money was used to prop that industy up. (Nevermind the bailouts.)

Traditional retailers bitching has already lead to Amazon having to collect sales tax in many jurisdictions where it previously didn't have to collect tax.

Quote:
Originally Posted by 313Weather View Post
Why not instead use that energy to come up with new solutions on how to capitalize on these flat wages.
There is no simple way to make people buy things that those people know they don't need. Especially after the financial crisis a lot of people realized that they spend money on a lot of unnecessary stuff and so the consumer spending was cut and people keep the stuff they have for longer while at the same time buying less stuff overall.

Traditional retail is screwed, especially the mega-malls.
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Old 10-15-2014, 03:02 PM
 
2,538 posts, read 3,886,976 times
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Quote:
Originally Posted by midtown mile girl View Post
Two-Thirds Of America's Biggest Retailers Are Worried About Flat Wages


Flat wages= less spending power. We have known this all along, but I guess the numbers are finally giving businesses pause.
Good. For all of that Harvard MBA knowledge in corporate America it sure took them a long to figure this out. If you outsource all of your good paying jobs and leave nothing behind but low paying service job you have killed the golden goose. No good pay, no consumers.
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Old 10-15-2014, 03:39 PM
 
Location: USA
2,580 posts, read 3,435,688 times
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Well, raise wages & slash prices...problem solved!
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Old 10-15-2014, 03:47 PM
 
19,237 posts, read 11,145,594 times
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for what? they make a dress in Ethiopia for .25 cents and sell it for $55.00??- they just crying to the media to get support- as we all know they hate the poor and un-educated folks who can barely make it --so why give them a living raise- it is all their fault! anyhow- hm hmm they only sweating the investors
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Old 10-15-2014, 04:47 PM
 
Location: Penn Hills
1,326 posts, read 1,620,244 times
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Quote:
Originally Posted by reed303 View Post
Quote from the article:

"But even as two-thirds of the companies in the study pointed to stagnating wages as a source of their problems, many of them have opposed or stayed silent on any proposed wage increases."

Oh well..........
Reminds me of the whole low Congress approval ratings issue. Everyone hates Congress, but their local guy, they love him. For these retailers, hey those other guys need to raise wages, but us, we're barely getting by.
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Old 10-15-2014, 06:04 PM
 
463 posts, read 424,542 times
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Increase minimum wage to $10 and tie future increases to inflation.....we have too much inventory slack in the consumer retail sector so a demand-push wage increase is what's needed right now. An across the board reasonable min. wage increase will provide a nice boost to the lower-middle pay scales which will translate to increased consumer spending.

If retailers are worried about flat wages, then inflation fears are overblown from a government mandated wage increase.......inflation only occurs when there's too many dollars chasing too few goods......right now we are in the exact opposite situation. Too much inventory, not enough buyers.

Our economy is 70% consumer spending; you can't have the wealthy hoarding the lion share of the national output at the expense of middle and lower class purchasing power and expect our economy to run smoothly.
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Old 10-15-2014, 06:14 PM
 
4,759 posts, read 1,871,850 times
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I think it has something to do with energy costs across the board. If the cost of a gallon of gas goes up so does the cost of consumer goods for the most part. A big problem we have now is the cost of heating our homes, running our cars to the store and out to retailers in order to consume.

Stagnant wages do their part too.
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