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View Diary: Walmart Workers are Standing Up: "Something incredible is happening!" (99 comments)

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  •  Hmm, Labor Would Cost 30% More so Prices (4+ / 0-)

    would rise MORE than 30%?

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Fri Nov 16, 2012 at 12:16:26 PM PST

    [ Parent ]

    •  Well? (4+ / 0-)
      Recommended by:
      Mentatmark, splashy, JayRaye, glitterscale

      Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

      by divineorder on Fri Nov 16, 2012 at 01:28:56 PM PST

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    •  They have about a million items for sale (3+ / 0-)
      Recommended by:
      JayRaye, BYw, congenitalefty

      and thousands of people who work for them. If labor costs go up 30% that would not mean that the bottom line is affected by 30 percent. Because some of that labor cost, imo, would be offset by tax adjustments. It would impact their bottom line MORE if people actually boycotted the bastards, but apparently cheap prices drive a lot of people to shop there.

      American Television is a vast sea of stupid. -xxdr zombiexx

      by glitterscale on Fri Nov 16, 2012 at 05:10:48 PM PST

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    •  no (3+ / 0-)
      Recommended by:
      BYw, congenitalefty, JayRaye

      if their labor costs are 40% and you gave the worker a 30% raise that means your costs would rise 12%. A customer would pay 12 cents more on the dollar

      Join the War on Thinking. Watch Fox News- John Lucas

      by Jlukes on Fri Nov 16, 2012 at 06:37:07 PM PST

      [ Parent ]

      •  But the prices are so low, still a bargain... (5+ / 0-)

        If, for example, a product (hairspray, shampoo, whatever) costs $6 at CVS, and the same product now sells at Walmart for $3.50; well, so add 12%, and the product is now priced at $3.92.

        You still save 1/3 of the price compared to CVS (or Walgreens, etc.).

        You can buy a bleeping sweatshirt at Walmart for $6.   Most other stores will charge at least $15.  So, now, add 12 cents/dollar to pay fair wages to Walmart people, and the damn sweatshirt is now about $7 - still a major bargain.

        •  yes they are just (2+ / 0-)
          Recommended by:
          billlaurelMD, JayRaye

          very greedy
          In the old days we had around 3% inflation every year. Much of that was wages. Wages are just a part of the cost of doing business. Wages went up faster than inflation because of what I described above.

          Then came Ronald Reagan and they started attacking wages. Yes the cost of the product went down but with the opposite effect. In the earlier example wages went up 30% but what you bought only went up 12%. Everybody wins. When you slash the wages 30% the price of the product only went down 12%. We did not feel it so much because so much of our stuff is made by people making slave wages overseas. If we want to get it going again we have to start a nationwide labor movement and make them pay more. I can think of no better place than Walmart. The plutocrats have to be kicked in the ass for that is all they understand. The most important person in the economy is the guy or girl working for a living. If they do well everybody does well.

          Join the War on Thinking. Watch Fox News- John Lucas

          by Jlukes on Fri Nov 16, 2012 at 08:33:52 PM PST

          [ Parent ]

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