Gap to Raise Minimum Hourly Pay

[cvictorg]

http://www.nytimes.com/2014/02/20/business/gap-to-raise-minimum-hourly-pay.html?_r=0

In a surprising move, Gap Inc. informed its employees on Wednesday that it would set $9 as the minimum hourly rate for its United States work force this year and then establish a minimum of $10 next year.

Gap said this move would ultimately raise pay for 65,000 of its 90,000 American employees, including those at Banana Republic, Old Navy and other stores.

Looney: Get Corporations Off Welfare ... | New Haven Independent

if Walmart increased its average wage from $9 to $ 12 it would only need to increase the price of its merchandise to customers by 1.1% which would cost the customers, on average, $12.50 per year. This does not seem to be an undue hardship on either the retailer or the customer

http://laborcenter.berkeley.edu/retail/bigbox_livingwage_policies11.pdf

IMPACT ON CONSUMERS

Even if Walmart were to pass 100 percent of the wage increase on to consumers, the average impact on a Walmart shopper would be quite small: 1.1 percent of prices, well below Walmart's estimated savings to consumers.

This works out to $0.46 per shopping trip, or $12.49 per year, for the average consumer who spends approximately $1,187 per year at Walmart. This is the most extreme estimate, as portions of the raise could be absorbed through other mechanisms, including increased productivity or lower profit margins.

 

[greekgod]

If the numbers are that small , maybe they should take it out of their profits instead of passing it to me.

 

[Demondosage]

Fuck wal-mart!! Place brings in all that money and can't open more than 2 fucking cash registers every time I go in there!!!!

 

[Get It 915]

Fuck wal-mart!! Place brings in all that money and can't open more than 2 fucking cash registers every time I go in there!!!!

[)] The lines suck at Wal Mart. Best time to go is at midnight, otherwise you can spend an hour in line.

 

[Demondosage]

Wal-mart is the best place to go to see what America has become. The people are so fucking bad it makes me wonder if they are dressing the way they do as a joke and fun, just because they're going to wal-mart. You'd think they were filming a tv show or some sort of underground costume contest

 

[pumpingiron22]

I could see how this could work if it was min was raised by a small %. Not like Obama wanted to do by 15.00, Also Wal-Mart would not have to raise their prices. Being a vendor at one time I see the discount that Walmart gets coma paired to other stores example a case 24 of 20/oz. Soda bottles cost most stores .95 cents a bottle/ where Walmart’s gets there at .23 cents a bottle and sometimes lower point is Walmart get a heavy discount because they have so many stores and buy in bulk. So Walmart wanting to raise the percent of all products is a scam to make more, Walmart all so promised to buy most of its product all USA made which is a great thing. And I hope that other stores follow! But the only reason Walmart is doing this cause there sales have dropped and they are not making as much as they wanted to. People hate Walmart and the main reason is customer service lack of employees and people are tired of it. making smarter choices, this is a ploy for Walmart to look good and rectify its self and still make tons of money, But also a main issue is our economy is hurting but that’s not a story I will get in to right now as if have rambled enough.

 

[nuncaquite]

So let me get this straight. Someone wants to pay the terminally under-qualified
incentive pay to stay terminally under qualified?

 

[stallion]

. This is the most extreme estimate, as portions of the raise could be absorbed through other mechanisms, including increased productivity or lower profit margins.

[/B][/U]

The thing that non business people and apparently professors at Berkely don't understand is that businesses operate on profit margin. They don't simply "lower profit margin".

They will do what it takes to meet the profit margin. They typically have shareholders to satisfy. When profit margins are met, shareholders are happy. More shareholder come aboard. Stocks prices rise. Peoples 401k's and IRA's go up.

This is how a capitalist free market works! It works to a tee if a government can leave it alone. Those who suggest businesses "lower profit margins" have been indoctrinated into a communist philosophy or they openly support communist economic philosophy.

I'm afraid more and more of our young people support this thinking.

 

[nuncaquite]

The thing that non business people and apparently professors at Berkely don't understand is that businesses operate on profit margin. They don't simply "lower profit margin".

They will do what it takes to meet the profit margin. They typically have shareholders to satisfy. When profit margins are met, shareholders are happy. More shareholder come aboard. Stocks prices rise. Peoples 401k's and IRA's go up.

This is how a capitalist free market works! It works to a tee if a government can leave it alone. Those who suggest businesses "lower profit margins" have been indoctrinated into a communist philosophy or they openly support communist economic philosophy.

I'm afraid more and more of our young people support this thinking.

So would you then think if Gov were to get their noses and fingers out of business that companies would then grow and need more employees?
If more people were working business would then have to compete against other business to hire the employees that will show up and work? There-fore driving up the wages in order to obtain the best employees? Are you crazy?[)]
That will never work

 

[Bucky]

So let me get this straight. Someone wants to pay the terminally under-qualified
incentive pay to stay terminally under qualified?

That's very republican of you to say that. Look at the alternative: "Under-qualified" people stay on the public assistance teat. I'd rather have walmart pay it's employees than you and I with our tax dollars. It's a hard concept for some to swallow, but makes sense if you think about it.
BTW I don't lean left or right. I sit somewhere in the middle.

 

[greekgod]

What? If Walmart pays them more , then everything we buy costs more. And they will still be on the tit , because they will still represent the lower income.

 

[nuncaquite]

That's very republican of you to say that. Look at the alternative: "Under-qualified" people stay on the public assistance teat. I'd rather have walmart pay it's employees than you and I with our tax dollars. It's a hard concept for some to swallow, but makes sense if you think about it.
BTW I don't lean left or right. I sit somewhere in the middle.

BTW you dont see the big picture. The greekgod has a better view of the truth.
While you are "sitting somewhere in the middle" study some history and economics.

 

[Bucky]

What? If Walmart pays them more , then everything we buy costs more. And they will still be on the tit , because they will still represent the lower income.

IMPACT ON CONSUMERS

Even if Walmart were to pass 100 percent of the wage increase on to consumers, the average impact on a Walmart shopper would be quite small: 1.1 percent of prices, well below Walmart's estimated savings to consumers.

This works out to $0.46 per shopping trip, or $12.49 per year, for the average consumer who spends approximately $1,187 per year at Walmart. This is the most extreme estimate, as portions of the raise could be absorbed through other mechanisms, including increased productivity or lower profit margins.

You are right. That potential 13 bucks a year is a deal breaker.

 

[Demondosage]

Not everyone in life who works a job like Wal-mart is terminally underqualified. Some people didn't have it so easy, they weren't born into money, they had shitty parents, their job cut their ass a year before retirement and collecting a pension, etc etc. Especially the age group of 45-60 yrs old, a lot of places dont want to hire someone this old, people try to do the best they can. There are places like Costco and Aldi's that pay their employees over $16/hr, and their retention rate is high and people know their jobs and how to help customers. A place like Wal-mart has no excuse not to treat it's people better. You can't just say "terminally underqualified" when this store draws enough revenue to provide better training, pay, and customer service. I feel bad for some people who have to settle for working at Wal-mart, because I made pretty decent money last year and it's still an absolute bitch to survive!!

 

[nuncaquite]

Walmart pays more than minimum wage. Maybe not the best pay, but better than minimum wage. I dont know their positions or hours, but I know a couple of girls from the gym that do pretty well at walmart. There is some room for growth at least.
Fast food on the other hand is a dead bitch.
But all in all I am in agreement with the tone of this thread and your post. Whats the real problem THE ECONOMY SUCKS AND ITS THE GOVERNMENTS FAULT
If the government would get the fuck out of the way with their EPA bullshit, IRS bullshit, and death by tax bullshit there would be work. The quality people you speak of working for less at walmart would be working for some type of production instead of retail. Making the money that we all know they deserve.
They wouldnt have to depend on EBT/WIC to make it. They would pull their own weight and be happy to do it..........What ever happened to supper brought to you 7 nights a week by dad/mom. Christmas by dad/mom. Birthdays by the same two suckers. This is a part of what makes a family. Government has destroyed the economy and families.
I cant stand going into a retail store and see quality people working a dipshit job.
To make it worse (every damned one of them is forced to ask me "how are you today sir?")
In truth I salute these folks working crap jobs in order to hold their families together. It shows a level of dedication that proves the quality of their character.

 

[nuncaquite]

IMPACT ON CONSUMERS

Even if Walmart were to pass 100 percent of the wage increase on to consumers, the average impact on a Walmart shopper would be quite small: 1.1 percent of prices, well below Walmart's estimated savings to consumers.

This works out to $0.46 per shopping trip, or $12.49 per year, for the average consumer who spends approximately $1,187 per year at Walmart. This is the most extreme estimate, as portions of the raise could be absorbed through other mechanisms, including increased productivity or lower profit margins.

You are right. That potential 13 bucks a year is a deal breaker.

Bucky, Im sure you are decent folk. But tell me something man. Why is it that someone is always telling me if I spend just a penitence more of my salary in taxes or min wage raise that the world will be a better place? Everybody has this thing figured out, and for some reason it always cost me money.
How about you and your friends pay the extra in taxes, and min wage fee at walmart, restaurants, and where ever else on a voluntary basis?
Start living it man. Get off your fence and be the change Gandhi.

So this week you have homework. Pay extra everywhere you do business. Then report back to us on how it worked out for you. If it has made a positive change for the world Ill follow your lead and start the next week.
Bucky, there is strife in this world bro. It is what makes us who we are. More often than not a person grows in a positive way for having underwent toil.
Butterflies, Unicorns, and Utopia are a dream.

 

[BIGMESC]

In this current disposable world what makes people think they are going to be the exception?

Not condoning it just stating the grim facts.

 

[cvictorg]

Walmart pays more than minimum wage. Maybe not the best pay, but better than minimum wage. I dont know their positions or hours, but I know a couple of girls from the gym that do pretty well at walmart. There is some room for growth at least.
Fast food on the other hand is a dead bitch.
But all in all I am in agreement with the tone of this thread and your post. Whats the real problem THE ECONOMY SUCKS AND ITS THE GOVERNMENTS FAULT
If the government would get the fuck out of the way with their EPA bullshit, IRS bullshit, and death by tax bullshit there would be work. The quality people you speak of working for less at walmart would be working for some type of production instead of retail. Making the money that we all know they deserve.
They wouldnt have to depend on EBT/WIC to make it. They would pull their own weight and be happy to do it..........What ever happened to supper brought to you 7 nights a week by dad/mom. Christmas by dad/mom. Birthdays by the same two suckers. This is a part of what makes a family. Government has destroyed the economy and families.
I cant stand going into a retail store and see quality people working a dipshit job.
To make it worse (every damned one of them is forced to ask me "how are you today sir?")
In truth I salute these folks working crap jobs in order to hold their families together. It shows a level of dedication that proves the quality of their character.

SO - what do you propose instead?

What parts of the EPA do you want to get rid of? How would you fix the IRS? Flat tax, fair tax? Do you also want to get rid of the FDA as well?

 

[nuncaquite]

Let the states handle the their own environments. Doesnt work to send million$$$ to feds and have them send back thousand$$ to the states.

Yes a flat/fair tax. Before you start crying unfair for your underprivelidged. If these fed fuks can make a EBT/WIC card to pay for food. They can use the same card technology to pay the flat or fair tax when they make a purchase. Absolutely dismantle the IRS, it is an enemy and a weapon against the people.

FDA??? Where did that come from?[)] You about to frame an argument against me? Ill help you win this one....ITS ALL THE FAULT OF GEORGE BUSH[)]
Socialism has always led to bloodshed. I wish you lemmings would line up and jump without having to push the rest of us onto your deathroad of good intentions.[)]

 

[greekgod]

The main problem is the fed just printing money out of thin air . It creates inflation and makes all our money worth less. Then you have to invest your money in a bullshit market in hopes of beating inflation , not to mention coming out ahead. That's if your even lucky enough to make enough to invest. Raising the minimum wage is just an attempt to keep the ponzi scheme going.