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<blockquote data-quote="Bagels" data-source="post: 1185480" data-attributes="member: 43436"><p>Never before in the USA have wages been so low in relative to cost of living (and real compensation has been declining for the first time in history). In fact, the average annual take home pay of a 10-year FT Walmart associate barely covers a years' worth of groceries for a family of four. Given this, ya think they pay the costly co-premiums for insurance? I agree with your argument (regarding wage hikes) to an extent, but the reality is that there's not enough skilled/professional jobs for everybody in this country, and we still need people to work in grocery stores, flip burgers at McDs and clean our toilets. Walmart, in fact, employs over 1 million in-store associates. Shouldn't these jobs pay enough to cover basic necessities -- food, shelter, health care,etc.? As it is, through our tax dollars, we're already subsidizing these people.</p><p></p><p>Nor do I believe that hiking minimum wage will devalue the dollar. Walmart can certainly afford to pay its employees more without raising prices -- it just chooses to pass the increasing profits along to its management & major shareholders. Not the mention the Walmart effect ensuing among its competitors. Consider the compensation of my area's dominate grocery store (union shop) before Walmart came into town & after it started to dominate:</p><p></p><p>Before 2009/After 2009:</p><p>Wages topped at $14 after 7 years -- Wages top at $12 after 10 years</p><p>66% of staff must be FT -- 33% of staff must be FT</p><p>no-cost health care option for FT/PT pay 30% -- FT pay 20% of cost + 50% of spouse/dependents / PT pay 50% of their cost </p><p>2-6 weeks vacation (grandfathered) -- 1-3 weeks vacation</p><p>up to 10 sick/personal days -- 2 sick/personal days</p><p></p><p>Ya don't think this is happening elsewhere....?</p></blockquote><p></p>
[QUOTE="Bagels, post: 1185480, member: 43436"] Never before in the USA have wages been so low in relative to cost of living (and real compensation has been declining for the first time in history). In fact, the average annual take home pay of a 10-year FT Walmart associate barely covers a years' worth of groceries for a family of four. Given this, ya think they pay the costly co-premiums for insurance? I agree with your argument (regarding wage hikes) to an extent, but the reality is that there's not enough skilled/professional jobs for everybody in this country, and we still need people to work in grocery stores, flip burgers at McDs and clean our toilets. Walmart, in fact, employs over 1 million in-store associates. Shouldn't these jobs pay enough to cover basic necessities -- food, shelter, health care,etc.? As it is, through our tax dollars, we're already subsidizing these people. Nor do I believe that hiking minimum wage will devalue the dollar. Walmart can certainly afford to pay its employees more without raising prices -- it just chooses to pass the increasing profits along to its management & major shareholders. Not the mention the Walmart effect ensuing among its competitors. Consider the compensation of my area's dominate grocery store (union shop) before Walmart came into town & after it started to dominate: Before 2009/After 2009: Wages topped at $14 after 7 years -- Wages top at $12 after 10 years 66% of staff must be FT -- 33% of staff must be FT no-cost health care option for FT/PT pay 30% -- FT pay 20% of cost + 50% of spouse/dependents / PT pay 50% of their cost 2-6 weeks vacation (grandfathered) -- 1-3 weeks vacation up to 10 sick/personal days -- 2 sick/personal days Ya don't think this is happening elsewhere....? [/QUOTE]
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