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Old 01-11-2018, 09:32 AM  
Just Passin' By Just Passin' By is offline
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Bloomberg: Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

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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 annual 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...
https://www.bloomberg.com/news/artic...f-tax-overhaul


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Old 01-20-2018, 02:59 PM   #211
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Originally Posted by IowaHawkeyeChief View Post
Of course they did because it's good business, but for you to ignore that they are not nearly the behemoth they used to be as they fight against Amazon and online retail, and that the would be able to do the same thing with increasing margin pressure without the tax cuts or deregulation is disingenuous.
That's irrelevant to this discussion. Raising salaries is competing for employees, not market share. Sure it's easier to raise salaries with tax cuts, but that's different than saying the reason for these raises is tax cuts.
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You can also believe that the quickly tightening labor market is also a reason as I stated, but the tightening market is due to a projected 3%+ GDP growth and the lowest African-American unemployment in history, and the Hispanic unemployment also being at historic lows. These are symptoms of a robust economy due to deregulation and tax reform being baked into the market since the election.
Once again, other factors affecting the decision to raise salaries. Unemployment and job creation are continuing on a path prior to the election. There's no evidence that says Trump's policies had much of an effect on that. I'm guessing it had some, but not nearly as much as you give him credit for.
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Old 01-20-2018, 03:22 PM   #212
IowaHawkeyeChief IowaHawkeyeChief is offline
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Originally Posted by Jim Hammer View Post
That's irrelevant to this discussion. Raising salaries is competing for employees, not market share. Sure it's easier to raise salaries with tax cuts, but that's different than saying the reason for these raises is tax cuts.
Once again, other factors affecting the decision to raise salaries. Unemployment and job creation are continuing on a path prior to the election. There's no evidence that says Trump's policies had much of an effect on that. I'm guessing it had some, but not nearly as much as you give him credit for.
https://townhall.com/tipsheet/mattve...-bill-n2434417
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Old 01-20-2018, 04:46 PM   #213
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Originally Posted by IowaHawkeyeChief View Post
https://www.pbs.org/newshour/economy...conomic-growth

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I think in terms of the economy, as with every new president coming in I think he’s getting some of the residuals potentially from Barack Obama’s policy.
https://thetylt.com/politics/preside...le-economy-gdp

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But many economists argue Trump has little to do with the booming economy, and it's actually President Obama's policies that are responsible for the current economy.
http://www.chicagotribune.com/news/o...204-story.html

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A letter in the Sunday paper asked the question why President Donald Trump does not get credit for the booming economy. The answer is simple: There is no cause and effect.
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Old 01-20-2018, 08:02 PM   #214
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Seriously,

1st link: a "black" female economist (the article makes a point of labeling her) is against Trump, and says he is not focusing on "Black Female economics priorities"

2nd link: an on-line non scientific poll

3rd link: An answer to a letter to the editor by a letter to the editor.

The article I linked was the WSJ continued survey of top economist.

Hey, Obama said the new normal was a 2% GDP growth. Will you concede this is Trump's economy if we hit 3%, 3.5% or 4%? What will it take?
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Old 01-20-2018, 09:57 PM   #215
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Old 01-21-2018, 01:20 AM   #216
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Quote:
Originally Posted by IowaHawkeyeChief View Post
Seriously,

1st link: a "black" female economist (the article makes a point of labeling her) is against Trump, and says he is not focusing on "Black Female economics priorities"

2nd link: an on-line non scientific poll

3rd link: An answer to a letter to the editor by a letter to the editor.

The article I linked was the WSJ continued survey of top economist.

Hey, Obama said the new normal was a 2% GDP growth. Will you concede this is Trump's economy if we hit 3%, 3.5% or 4%? What will it take?
My point was it's all just opinion, no evidence. You can find economists that credit trump, I can find some that don't. There's no consensus.

Edit: Why not just link the WSJ article. They're much more credible than Townhall.
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Old 01-21-2018, 02:51 AM   #217
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Quote:
Originally Posted by Jim Hammer View Post
My point was it's all just opinion, no evidence. You can find economists that credit trump, I can find some that don't. There's no consensus.

Edit: Why not just link the WSJ article. They're much more credible than Townhall.
Probably because the WSJ article was behind a paywall.

I didn't even check, but I'm pretty confident about that without clicking any link.

Because it's the WSJ.

Worry less about the messenger and more about the information being given. Any article can be reviewed, sources can be checked... there's more viable ways to check the credibility of claims than who the claim comes from. That's one of the worst ways. That kind of stuff is how you end up in echo chambers.
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Old 01-21-2018, 12:06 PM   #218
IowaHawkeyeChief IowaHawkeyeChief is offline
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Originally Posted by Jim Hammer View Post
My point was it's all just opinion, no evidence. You can find economists that credit trump, I can find some that don't. There's no consensus.

Edit: Why not just link the WSJ article. They're much more credible than Townhall.
It's the exact same article, but not behind a paywall... Get it... most on here don't subscribe to the WSJ and wouldn't take the time to find it somewhere else. I care about the users of CP, just like I care for the American worker, poor kids and soldiers, unlike the Democrats.
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Old 01-21-2018, 12:07 PM   #219
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Originally Posted by WhiteWhale View Post
Probably because the WSJ article was behind a paywall.

I didn't even check, but I'm pretty confident about that without clicking any link.

Because it's the WSJ.

Worry less about the messenger and more about the information being given. Any article can be reviewed, sources can be checked... there's more viable ways to check the credibility of claims than who the claim comes from. That's one of the worst ways. That kind of stuff is how you end up in echo chambers.
missed this before my above post...
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Old 01-21-2018, 01:40 PM   #220
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Originally Posted by IowaHawkeyeChief View Post
It's the exact same article, but not behind a paywall... Get it... most on here don't subscribe to the WSJ and wouldn't take the time to find it somewhere else.
It's not the exact same article. They use the same conclusion, but put their own slant on it. And I bet WSJ has better editors: Over 90 of middle class Americans will be receiving a tax cut.

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