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by Rastafarian
5340 days ago
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I honestly think you're simply an awful person. No, people in 21st century US should not live in misery and fear of losing their job. Walmart obviously has many other advantages over smaller competition other than the wages. It won't close because of say 20% wages increase. If a Walmart store closes, local people obviously will continue to buy food. I.e. there will be many new stores open, ex-Walmart employees will be in a good position to take advantage of that, as they know the local customers. IMO unionizing is the only sensible strategy for any employee, that is easy to replace. Especially for employees of not so ethical corporations like Walmart and Zynda. |
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Some back of the envelope math shows that if Walmart gave an across the board 50% raise to every employee it would consume it's entire operating profit.
If they were forced to pay $15 per hour I think they would make a few changes.
1. They would accelerate the deployment of rfid inventory control, vastly reducing the number of stockers, and completely eliminating cashiers--all those employees would now be unemployed.
2. They would squeeze their suppliers even more, and the suppliers would be forced to cut their employees salaries.