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Walmart food drive leaves a bad taste for some - The Galveston County Daily News : Laura Elder's Buzz Blog

August 1, 2014

Walmart food drive leaves a bad taste for some

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19 comments:

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  • Bigjim posted at 10:05 pm on Wed, Dec 4, 2013.

    Bigjim Posts: 359

    The way I look at it is not a Democrat or Republican problem. It is part of cycle where we swing from pro business to pro labor. We went along this path in 80’s. If we look deep into what happens we might expose the people behind the seen that are calling shots. Look at lobbyists and we might get a hint as to what is happening. Most of the time its the same people behind seen whether a Democrat or Republican is President (all about the money)
    Also to me part of the problem is that we for years told every young person to go to collage. Now we have a lot of people with large student loans and low paying jobs.
    My nephew is a Veterinarian and he has own practice .He is just breaking even. The vet schools are telling the incoming student to look at something else as we have to many vets as a lot of the older vets are not retiring. You can look at this as x number of jobs in market place and now we have x+ people trying to find jobs. If everyone had a collage degree we would have collage degreed people in every job we have .
    As far as the Affordable Care Act
    I look for it to be changed to what they wanted us to have in first place and we will be so happy. Kind of like gas at $3.50 that is now $3.00 and no one is upset about it.

    Merry Christmas, George .
    Hope you and yours are well
    (key board sticking please forgive anything that is typed wrong)


     
  • gecroix posted at 2:30 pm on Wed, Dec 4, 2013.

    gecroix Posts: 2634

    If there ever WAS any incentive for WalMart to put all employees on a 40 hour week, that is now utterly dead with the ACA's fallout making 30 hour weeks, actually 29.5, the 'new normal' for many businesses, or pay a staggering price for their business' success. A 'tax' on good performance, as it were. Very 'progressive'.
    And certainly with the 'fundmental change' in DC directed hostility towards business and strangulation by regulation, THOUSANDS of new ones, of increased jobs opportunity. Robbing Peter to give to Paul doesn't make for much job growth.
    Jim, I have recognized you to be a fair and honest person all the many years I've known you, agree or disagree with each other.
    So, question:
    With college graduates with marketable skills now competing for low skill jobs, and with formerly long time fully employed skilled people let go due to the economic principals in play that prefers to see them on Unemployment Insurance (more 'bang for the buck'...) rather than at a real paying job, WHAT is the incentive for ANY business to raise employment or salaries, especially if that businesses main client base is OTHER people struggling to make ends meet?
    Aside, that is, from the special exemptions and favors that The Powers That Be have given to their political cronies that will, TEMPORARILY, aid those cronies.
    Why temporary? Because BUSINESSES are the ones who create and maintain jobs, not employee advocacy groups. And right now, in this miserable excuse for a 'progressive' economy, there is a lot more likelihood that businesses, and along with them jobs, disappear, than that employees get more than token, short lived power.
    I don't like that. But, you get what you vote for, even if you find out later you got lied to. Unfortunately, all the rest of us got it, too...
    Repeatedly.
    Merry Christmas, Jim.
    Hope you and yours are well.

     
  • Bigjim posted at 1:49 pm on Wed, Dec 4, 2013.

    Bigjim Posts: 359

    IHOG "Walmart has had a history of opposition to unions," And the best way to avoid a union is to go into states where it's more difficult to unionize." Walmart has very few if any union employees It also has history of not letting you work full time unless you are management

    I do not know where you work or retired from but even if you were management a union may have played a part in your wages and benefits.
    Think if you had to work for a low wage part time .
    Also think if walmart or other companys will not pay enough to live on most likely you and I will have to pick up the cost .

     
  • gulfcoastexan posted at 8:28 am on Wed, Dec 4, 2013.

    gulfcoastexan Posts: 29

    In my youth I was the epitome of a Yellow Dog Democrat, mostly because my parents voted Democratic. Later in life I shifted my political views toward the right though it took a long time for me to call myself a Republican. In light of today's unbridled corporate greed and the in your face arrogance of our elected officials and government agencies, I don't know what to call myself anymore, maybe awake and eyes opened to this country's strife.

    But specifically; Walmart's food drive, the idiocracy of it is mind boggling. Regardless of Walmart's good speak rhetoric about why the collection bins were set out they profited from it. If they have valued employees as they state, maybe the use of a tiny drop on the 17 billion profit margin would be appropriate, or even more common sense, pay your employees a living wage. I realize that any corporate giant owes its soul to the stockholders but at 17 billion profit and dividend of $1.88 a share, not many shareholders are going to dump their stock. Also, Walmart is saving $180 million on federal taxes this year by paying dividends at the end of 2113 rather than the first of 2014, this straight from the Walmart website. http://news.walmart.com/news-archive/2013/02/21/walmart-increases-annual-dividend-18-percent-to-188-per-share There's a nice little windfall to help the people that make the Walton family some of the richest people in the world.

     
  • kevjlang posted at 3:02 pm on Mon, Dec 2, 2013.

    kevjlang Posts: 2682

    Common stock has next to nothing to do with the book value of a company. Many companies have a far greater market cap than they have in asset values. In fact, many tech companies issue common stock before they've even earned a profit.

    In most cases, when you buy common stock, you're speculating on the future of the company, not the present. There is nothing guaranteeing the value of your investment. The company, without adding any assets, can issue 20 million more shares tomorrow, diluting the value of your investment. Or, they can sell off 90% of their assets, virtually eliminating any security for your investment.

    In many ways, the value of a common stock is very much like the value of a dollar. It's based on the assesment of what the full faith and credit of the issuer is.

     
  • IHOG posted at 1:42 pm on Mon, Dec 2, 2013.

    IHOG Posts: 2486

    Kevjlang.

    When you buy a share of stock of any company you invested in the company. Your investment deserves it's share of the corporate profits. If profits are too low the stock ( investment ) looses value. Without profits the investment has no value. Called bankruptacy.
    Yes, in bankruptacy stock holders ( investors ) can lose everything. All employees can also become unemployed.
    Good corporations make sure they earn enough they don't become bankrupt.
    $17 billion profits for the outstanding shares of the worlds biggest retailor is barely enough to satisfy investors and service corporate debt.
    Wal*Mart already pays it's 1.4 million employees $32 billion a year.
    When quoting Wal*Marts profits of $17 billion you should also quote their $32 billion payroll.

     
  • kevjlang posted at 9:10 am on Mon, Dec 2, 2013.

    kevjlang Posts: 2682

    If Wal-Mart's wages are not sufficient to allow its employees to be independent, who do you think is making up the shortfall? If they need healthcare and cannot afford it, or the wages aren't enough to allow them to feed their families, then they will receive government assistance. Do you think that's a more "efficient" cost for the consumers than a wage hike? Perhaps to Wal-Mart shoppers, since a government tax is going to hit ALL consumers, regardless of whether they shop at Wal-Mart.

    Also, common stock has virtually nothing to do with a company's indebtedness. A share of common stock of Wal-Mart means little more than what another investor thinks it's worth. You're not a lienholder, nor do you have title to a single can of food on their shelves. If the company goes bankrupt, you will likely get nothing.

     
  • TrebleClef posted at 4:15 pm on Sun, Dec 1, 2013.

    TrebleClef Posts: 293

    IHOG, you must be confused. COST-co was founded by two Americans, one of which remains the CEO. In no way is it associated with any Chinese owner ship. Do your home work. If you can provide evidence to the contrary, I stand corrected.

     
  • IHOG posted at 11:26 am on Sat, Nov 30, 2013.

    IHOG Posts: 2486

    Less volume, fewer employees equals less overhead. Cost-Co's business model is predicated on those facts.

     
  • IHOG posted at 11:22 am on Sat, Nov 30, 2013.

    IHOG Posts: 2486

    How do you know Cost co does OK for it's bottom line.
    Do the owners, the Chineses peoples army, report profits?

     
  • IHOG posted at 11:17 am on Sat, Nov 30, 2013.

    IHOG Posts: 2486

    Those "power house companies" with empty shelves all have the same problem. They pay employees so (too) much consumers revolted from picking up the tab.

    Yes Rich, consumers really do control how much employes are paid.

     
  • IHOG posted at 11:08 am on Sat, Nov 30, 2013.

    IHOG Posts: 2486

    Paying more than a job is worth is a HANDOUT.
    Unfair to consumers who must pay the difference.
    If pay were doubled would the product or service be worth double?

    Wal *Mart's 1.400,000 (1,4 million) employees serve over 2,000,000,000 (2 billion) customers. Who should they serve?

    $17 billion profit? Not enough to properly service their outstanding shares of stock. Who deserves that $17 billion?
    The stockholders who financed the company or a union that contributed nothing but strife?

    Unions would like to reduce the take home pay of Wal*Mart employees by deducting union dues. Union dues are before tax, forcing members to pay taxes on money the union takes from their paychecks.

     
  • gecroix posted at 3:28 pm on Fri, Nov 29, 2013.

    gecroix Posts: 2634

    Interesting issue.
    The ACA will provide some subsidy for a family of four making as much as 94,000 bucks a year. That's roughly 45 bucks an hour for one person for a year at an average 2080 hours per year.
    The sponge just keeps getting bigger, no matter how much money is paid per hour.

     
  • isleshire posted at 1:12 pm on Fri, Nov 29, 2013.

    isleshire Posts: 272

    I know you are from the Mainlandl and all but you should realize that 'entry level jobs' are actual jobs. They are necessary jobs for the functioning of the economic system that is WalMart and they should be reasonably compensated. The determination of reasonable compensation should not be a function solely of the masters of WalMart but input from the workers and the community as well.

    You are comfortable with paying taxes to give health care to the employees of WalMart? Shouldn't WalMart pay enough for their own necessary workers so that they do not have to sponge off of you?

     
  • Jarvo posted at 7:02 am on Fri, Nov 29, 2013.

    Jarvo Posts: 242

    If Walmart cared anything at all about our island and it's history, they would
    Replace the memorial that was destroyed by Ike. The St. Mary's Orphanage
    Where so many children died in the 1900 storm. They built the store on top of the
    Site. Capitalism at its worst. Walmart.

     
  • TrebleClef posted at 10:05 am on Wed, Nov 27, 2013.

    TrebleClef Posts: 293

    On Forbes recently published list of the country's most wealthy, Wal-Mart had three in the top ten. Each with a net worth of over thirty billion...that's with a 'b'. The total together was north of 100 billion. Much of the wage and benefit complaints against the giant is deserved. Others like Cost-Co seem to do a better job for their employees and still do well for their bottom line.

     
  • mainlandlass posted at 9:58 am on Wed, Nov 27, 2013.

    mainlandlass Posts: 47

    Walmart hires people for entry level jobs, for the most part. If these whiney employees want a higher paying job, do what other people do - get an education or go to work someplace else. I'm sick of these sheeple thinking they're owed a living just because the unions want to sign them up to further their liberal cause.

     
  • gecroix posted at 9:39 am on Wed, Nov 27, 2013.

    gecroix Posts: 2634

    Both the title and the story should have made the effort to differentiate between what one store in Ohio did vs what any or all others are doing.
    Your headline would leave readers of a local newspaper to assume that local Wal-Mart(s) were involved or doing the same. Even the last sentence in the article alludes to Wal-Mart in general.
    C'mon. Report, don't indoctrinate.

     
  • Rich Gray posted at 7:29 am on Wed, Nov 27, 2013.

    Rich Gray Posts: 23

    Wal-Mart is my LAST choice of store to shop at. I do not respect them as a corporation but I know many people that either work for them or other companies that supply Wal-Mart. So when I do have to go to Wal-Mart I feel OK about it.
    But Wal-Mart Corporation needs to look at some of this countries former power house retailers that are now in trouble and take note. Empty shelves to me are unforgivable and yet many times what I am at the store for is not on those very shelves.
    Wal-Mart will point out that they contribute to charities and they do BUT PAY YOUR OWN EMPLOYEES A DECENT WAGE!