Bloomberg: Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

[Just Passin' By]

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


Gblowfish hardest hit

[cosmo20002]

Business Insider - Walmart is closing 63 Sam's Club stores across the US, the company told Business Insider on Thursday afternoon, after reports of abrupt store closings began to emerge.

Sam's Club has not said how many employees are losing their jobs. Each Sam's Club warehouse employs about 175 people, meaning more than 11,000 people could be impacted.

In some cases, employees were not told their store had closed before showing up to work on Thursday. Those employees learned their store would be closing when they found the store's doors locked and a notice announcing the closing, Sam's Club workers told Business Insider. At some stores, employees were turned away by police officers.

[Loneiguana]

Originally Posted by Jim Hammer

I mentioned retirement, because some people do make enough money to retire early and that is mentioned in that article. Some people dropped out for other reasons, but there's no mention of how may able bodied people in need of work chose to not work and collect welfare.

I'm sure that it happens. I'm not sure that it's as huge of a problem as you seem to think it is.

It's not a huge problem. Americans work and work hard as a whole.

Federal budget and Census data show that, in 2010, 91 percentof the benefit dollars from entitlement and other mandatory programs went to the elderly (people 65 and over), the seriously disabled, and members of working households. People who are neither elderly nor disabled — and do not live in a working household — received only 9 percent of the benefits.

Moreover, the vast bulk of that 9 percent goes for medical care, unemployment insurance benefits (which individuals must have a significant work history to receive), Social Security survivor benefits for the children and spouses of deceased workers, and Social Security benefits for retirees between ages 62 and 64. Seven out of the 9 percentage points go for one of these four purposes.

https://www.cbpp.org/research/contra...benefits-go-to

[vailpass]

Originally Posted by cosmo20002

Business Insider - Walmart is closing 63 Sam's Club stores across the US, the company told Business Insider on Thursday afternoon, after reports of abrupt store closings began to emerge.

Sam's Club has not said how many employees are losing their jobs. Each Sam's Club warehouse employs about 175 people, meaning more than 11,000 people could be impacted.

In some cases, employees were not told their store had closed before showing up to work on Thursday. Those employees learned their store would be closing when they found the store's doors locked and a notice announcing the closing, Sam's Club workers told Business Insider. At some stores, employees were turned away by police officers.

[IowaHawkeyeChief]

Originally Posted by cosmo20002

Business Insider - Walmart is closing 63 Sam's Club stores across the US, the company told Business Insider on Thursday afternoon, after reports of abrupt store closings began to emerge.

Sam's Club has not said how many employees are losing their jobs. Each Sam's Club warehouse employs about 175 people, meaning more than 11,000 people could be impacted.

In some cases, employees were not told their store had closed before showing up to work on Thursday. Those employees learned their store would be closing when they found the store's doors locked and a notice announcing the closing, Sam's Club workers told Business Insider. At some stores, employees were turned away by police officers.

good morning

[IowaHawkeyeChief]

Originally Posted by Jim Hammer

Go on...

Many in the 24-54 age group are black men, at a hugely disproportionate number compared to other races.

[Jim Hammer]

Originally Posted by IowaHawkeyeChief

Many in the 24-54 age group are black men, at a hugely disproportionate number compared to other races.

That sounds like an opinion.

It may be higher than demographics, but do you think it's harder to find work as a black man all other things being equal?

[vailpass]

Originally Posted by Jim Hammer

That sounds like an opinion.

It may be higher than demographics, but do you think it's harder to find work as a black man all other things being equal?

Of course not. The opposite is true.

[cosmo20002]

Originally Posted by IowaHawkeyeChief

good morning

11,000 people laid off IS pretty funny.

[vailpass]

Originally Posted by cosmo20002

11,000 people laid off IS pretty funny.

You got it Scoop.

[Jim Hammer]

Originally Posted by vailpass

Of course not. The opposite is true.

So dumb...

[Pitt Gorilla]

That’s a lot of lost jobs.

[Easy 6]

Originally Posted by cosmo20002

Business Insider - Walmart is closing 63 Sam's Club stores across the US, the company told Business Insider on Thursday afternoon, after reports of abrupt store closings began to emerge.

Sam's Club has not said how many employees are losing their jobs. Each Sam's Club warehouse employs about 175 people, meaning more than 11,000 people could be impacted.

In some cases, employees were not told their store had closed before showing up to work on Thursday. Those employees learned their store would be closing when they found the store's doors locked and a notice announcing the closing, Sam's Club workers told Business Insider. At some stores, employees were turned away by police officers.

Liberal Insider and the Independent... two absolute UK lefty sites that wouldnt give an honest accounting of things even if you refused their weak asses their afternoon tea

Furthermore... 'the Independent' lulz, typical lefty subterfuge... they're about as 'independent' as Nancy Pelosi, every single thing they puke up spits in the face of their name

Might as well call them www.globalistcuck.org

[cosmo20002]

Originally Posted by Easy 6

Liberal Insider and the Independent... two absolute UK lefty sites that wouldnt give an honest accounting of things even if you refused their weak asses their afternoon tea

Furthermore... 'the Independent' lulz, typical lefty subterfuge... they're about as 'independent' as Nancy Pelosi, every single thing they puke up spits in the face of their name

Might as well call them www.globalistcuck.org

So, it isn't true?

[HonestChieffan]

[IowaHawkeyeChief]

Originally Posted by cosmo20002

So, it isn't true?

Scoop Cosmo... we are laughing because this was talked about 60 post ago...

http://chiefsplanet.com/BB/showpost....1&postcount=70