Monday, August 31, 2015

Economics 102: Walmart Cuts Workers Hours After Hike In Minimum Wage

Economics 102: Walmart Cuts Workers Hours After Hike In Minimum Wage - Zerohedge.com

Excerpt from this article:

"And then there’s Wal-Mart. Earlier this year, the retail behemoth became one of several corporate heavyweights to raise wages for its meagerly compensated workers, around 500,000 of which are now set to receive at least $9/hour and $10/hour by Q1 2016. The move will cost somewhere around $1 billion this year. Now one thing that should have been abundantly clear from the start is that if ever there were an employer that could ill-afford a $1 billion across-the-board pay raise without immediately making up the difference by either firing some employees, cutting hours, or squeezing the supply chain it’s Wal-Mart. After all, they’re the 'low price leader', and you don’t hold on to that title by passing labor costs on to customers."
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Recommended reading:

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Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama - zerohedge.com
Nancy Pelosi: I'm All for Balancing the Budget...in a Few Decades!" - michellemalkin.com
The $17 Trillion Dollar Party - theeconomiccollapseblog.com
University of California Study: National Debt Really $70 Trillion  - thenewamerica.com
Explaining the Obama Economy to 6th Graders

How I Found Christ?

 How I Found Christ? by Charles Spurgeon (1834-1892)