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Thursday, January 11, 2018

Wal-Mart does what no newspaper does

More than a million workers are receiving bonuses thanks to President Trump's Tax Cuts and Jobs Act of 2017. But as I look at the list of employers sharing the wealth, I see no newspaper owner sharing the the wealth with his workers. All I see are editorials saying the cuts help only rich, greedy bastards.

Well, when you act that way, they do.


Newspapers are notoriously cheap employers who offer less-than-schoolteacher salaries. You can see what talent that attracts.

Now Wal-Mart may surpass them. The company just raised its minimum wage to $11 an hour or $22,880 a year based on a 40-hour week.

Makes sense. Wal-Mart workers elected him president.

From Bloomberg News:
Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.
The increase takes effect next month and will cost $300 million on top of wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” Chief Executive Officer Doug McMillon said in the statement.
Adoption benefit?

Paternity leave?

Raising the minimum wage?

Bu-bu-but I thought you needed the big Department of Labor to force these things upon employers.

You mean there is another way to get businesses to improve wages and working conditions called prosperity?

It seems to work everywhere.

Except at newspapers.

@@@

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17 comments:

  1. "All I see are editorials saying the cuts help only rich, greedy bastards.

    Well, when you act that way, they do."

    Exactly ! Self fulfilling prophecies. Assume the world is one way and lo and behold everything looks like that. When all you have is a hammer ...

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  2. What will Jeff Bezos, the world's richest man, do? Will he give his employees at Amazon a raise? I saw an item on-line the other day that claimed his workers were so underpaid some of them were on welfare. He is a good test case for Liberals: will he share his wealth with the workers who made him rich or keep will he keep it all for himself? You know, at some point you've made enough money, said a guy who used to be the world's greatest self-proclaimed SJW.

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  3. What newspaper is making a decent profit today, Don?

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    Replies
    1. Your comment and the one directly above regarding Jeff Bezos - who also owns the Washington Post - explains what has happened in the age of the Internet......

      National newspapers and journals/magazines are basically political steppingstones for writers. They have ties to people they're in concert with. Most no longer function as anything other then a leaker and/or piling-oner. The NYT superstar - currently suspended (for sexual harassment...or something like that) columnist Glenn Thrush referred to himself in an email to Hillary campaign director John Podesta during the election (published by Wikileaks) as "a hack".

      The big money is in politics. Look at Glenn Simpson starting Fusion GPS. He eeked out a living at the Wall Street Journal. He was rolling in dough (along with his co-owners) manufacturing news for political campaigns world-wide. Went for the big bucks and found that high-risk / high-reward does not always succeed. But look at what he and Fusion do - they PAY writers to publish what they want published. Meanwhile, campaign and deep state people decide who they want to leak a story to.

      Local newspapers are now total dead meat. If they publish a big story Facebook steals it; while medium-local interest stories are stolen by local TV-radio. And all this is before we get to advertisers taking their business to the Internet.

      The real news is on Internet blogs. This is one source.

      - Ken

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  4. But now they are closing Sam's clubs?

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    Replies
    1. Just let the one's losing their jobs know that the money the company is saving is going to the good purpose of giving a bunch of other people raises and benefits, while making the company look good for PR purposes. Government does the same thing, only with money you've already earned. In this case the only thing you lose I'd the ability to earn it in the first place.

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    2. Sam's was too much like Walmart. I never needed 4 or 6 cleaners, just one. Too much wastage.

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    3. In that segment Costco is kicking butt.

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    4. Walmart/Sams has always taken the stance that underperforming stores will be closed.

      As to 4-6 cleaners, Sams and Costco have done a good job of filling the 'industrial supply' segment for smaller buyers. I know lots of businesses who buy their cleaning supplies and bulk products from Sams.

      But you do have to be careful watching the price. Sometimes Walmart has better prices per unit than Sams. Sometimes.

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  5. I bet buggy whip manufacturers didn't give many raises after cars were invented, either.

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  6. When, oh WHEN, will the working newspaper people RISE UP in REVOLT against their BOSSES???

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    Replies
    1. They are already revolting.

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  7. It’s called prosperity and competition for workers. As the economy improves so does job availability. Wal-Mart is doing what it can to retain employees from the competition. MAGA. the free market works.

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  8. Guess the newspapers don’t send any investigative reporters undercover to Wal-Mart because they’re worried they’ll jump ship.

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  9. Sam's Clubs closing just like newspapers. How's that Indiana Carrier plant doing?

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  10. One tiny exception: A media outlet in East Idaho:

    http://www.wsmv.com/story/37182214/more-than-30-companies-in-idaho-offering-employee-bonuses-due-to-tax-reform-bill

    EastIdahoNews.com

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