Wal-Mart to shutter 269 stores, 154 of them in the US
Comments
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Macy's just announce closing about 250 stores.sarktastic said:Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.
When Walmart closes down, Macy's and JCPenney are gonna suuurge. -
Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.
In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.
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It's been a while since I was in an econ class (not in Kane Hall) but layoffs aren't automatic.topdawgnc said:When a company is pressured into raising wages, then the result is layoffs.
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Google People of Wal-mart...nastiest trailer trash everdoogsinparadise said:
I hear that people on this bored shop at Costco, what's the difference?HuskyJW said:
Or they built them in places like Lake Oswego, OR.....where people wouldn't be caught dead a Walmart.sarktastic said:Those 10,000 employees are on their knees thanking Obama, hondo style... that they've been freed from the chains of employment.
When Walmart closes down, Macy's and JCPenney are gonna suuurge.
Well, that might include some of this bored actually... -
They're not "automatic" nobody said that.Fire_Marshall_Bill said:
It's been a while since I was in an econ class (not in Kane Hall) but layoffs aren't automatic.topdawgnc said:When a company is pressured into raising wages, then the result is layoffs.
But if the choice is raising prices (pissing off all the customers) or losing a few people (pissing off just those individuals) and running a leaner operation, most choose that latter.
Without customers, nobody has a job. -
Businesses that do that will fuck themselves.ThomasFremont said:Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.
In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.
HTH -
Can just cut hours and expect same productivity.Fire_Marshall_Bill said:
It's been a while since I was in an econ class (not in Kane Hall) but layoffs aren't automatic.topdawgnc said:When a company is pressured into raising wages, then the result is layoffs.
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Why would that help me? I don't own 1/3 of a fast food restaurant.2001400ex said:
Businesses that do that will fuck themselves.ThomasFremont said:Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.
In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.
HTH
But they're doing it. What's the other option? The majority of restaurants already fail. This won't make it any easier. -
Bingo.ThomasFremont said:Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.
In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.
When you head to McDonald's for a simple sausage egg mcmuffin, hash brown, and large OJ and realize you are spending close to $10 for that shit, then you know that the minimum wage has gotten out of control -
First the $15 minimum wage isn't in effect yet. Second it's dumb to do it in specific locations like Seattle or city of SeaTac.ThomasFremont said:
Why would that help me? I don't own 1/3 of a fast food restaurant.2001400ex said:
Businesses that do that will fuck themselves.ThomasFremont said:Just look at the restaurant industry. No komo 4 link, but Tom Douglas was just talking about eliminating tips in all of his restaurants, and adding a "service fee" to your bill to make up the difference to meet the new $15 minimum wage.
In other words, their wages effectively stay the same. AND they are no longer given an incentive to provide exceptional service, since the tip is guaranteed.
HTH
But they're doing it. What's the other option? The majority of restaurants already fail. This won't make it any easier.
That being said. My business is in Montana. Minimum wage went up right after we bought it from $5.15 to $7.25. My conservative partner freaked out at first. Until he realized that meant more disposable income for our key demographic. And our sales went up more than additional costs.
I know, cool story bro.
Fact is, businesses that try to fuck their employees will find shitty employees. Businesses that try to fuck their customers will end up with no customers. Take care of your employees and business and you will have a successful business.
