251–260 of 764 posts
Earlier quoted context omitted.
would you prefer they not tell those people about the available benefits?
I think the point is Walmart is able to pay at a low enough rate that it must be effectively subsidized by the government. Walmart then plays into it as a further benefit “they” provide.
Earlier quoted context omitted.
> If we raise min wage then they'll just fire people to make up the cost […] Dropping employment due to higher (minimum) wages has mixed-data in empirical studies: * https://en.wikipedia.org/wiki/Minimum_wage#Empirical_studies
While the comment you're replying to is wrong, these empirical studies are ridiculous. Every price has some elasticity, but the fact is that if a worker earns an employer $8 an hour in revenue, they're not going to pay that worker $9 an hour, and if the minimum wage was greater than $8 an hour, then that worker would be out of a job, thus making $0 an hour. The studies about the price elasticity of labor also don't b…
So what actually ends up happening in reality is, in order to not be forced to shutdown, the employer needs to increase the amount of per-employee revenue, which can happen in a number of ways:
- Raising prices (Easiest move, and even easier when labor costs increase for your competitors simultaneously)
- Negotiate lower supply costs (the threat of losing a big customer entirely can motivate a supplier to give up some percent of their profits)
- Increasing employee efficiency (improved processes, additional training, etc). Theoretically the company should have been doing these already but an existential threat is an even larger motivator than marginal profits. This could result in layoffs depending on how the efficiency is realized.
Really what ends up happening in reality is increased costs just get passed along. Yes, consumers probably end up spending more, but less in taxes are spent on benefits programs, making it a wash in overall cost to society. In fact, people who believe that government spending is inherently inefficient should theoretically love the idea of raising minimum wage as it allows us as a society to move resources from government spending into the free market.
Earlier quoted context omitted.
>The purpose of minimum wage is a floor, It goes deeper than that. There was a documentary that leaked a new Walmart employee going through their initial first day orientation. If you were a new hire and were married and/or had children, you got extra "orientation" on all the government benefits you now qualified for (welfare, food stamps, medicaid, etc) since you were now considered below the USA poverty line. I am…
If you're earning less than $130,000 a year, you are eligible for an FSA, which the HR team will discuss during almost any company's new-hire orientation... There are lots of government benefits that are restricted to people below a certain income. That doesn't mean that it is unconscionable to pay people at that income level or to educate employees on what they are eligible for so that they can take advantage of it.
If that income level is the poverty line: Yes, it is.
Earlier quoted context omitted.
It's not the money supply. It's a supply side problem due to Corona shutdowns. All the Fed is about to do is induce a bunch of unemployment.
From a recent Bloomberg article: Wealth of bottom 50% doubled between 2020-2022. Top 1% rose significantly. While the remaining 49% didnt budge much. Interpret it for your supply chain concerns.
Earlier quoted context omitted.
Those idiots! Everyone and their mother knew that printing money since 2008 was going to blow up one day. Technology and unsubstantiated sectors allowed them to print without repercussions for a while and the administration and them also tried to fool people into believing the inflation was transitory... Reckless idiots. And now wage labor is the one to suffer most. 4TT in spending for BBB? Uhhuh! Even Yellen said it…
> 4TT in spending for BBB Over ten years.
Earlier quoted context omitted.
The purpose of minimum wage is a floor, not that someone has to make that level. If everyone makes more, good.
>The purpose of minimum wage is a floor, It goes deeper than that. There was a documentary that leaked a new Walmart employee going through their initial first day orientation. If you were a new hire and were married and/or had children, you got extra "orientation" on all the government benefits you now qualified for (welfare, food stamps, medicaid, etc) since you were now considered below the USA poverty line. I am…
Earlier quoted context omitted.
This is the sad reality. The associated wage stabilization is going to be necessary for us to control inflation. SWEs probably don't need worry about remaining employed, but the days of salary wars will be over.
> The associated wage stabilization is going to be necessary for us to control inflation. It won't. Everyone involved in business dealing with physical goods knows it's a supply side problem. Fiscal policy will do little to control inflation at this time. The Fed of course knows this.
If demand drops then supply stops being a problem.
“We would love you back in 90 days,” Pagan says the HR staff member told him. In the meantime, Pagan should “do some GrubHub or Uber,” the HR employee said. lol this is just monstrous.
Pagan began working at the Amazon delivery hub in October and, within two months, had been promoted to a role on the safety committee for the facility. The new role didn’t come with a pay raise, and is on top of a worker’s core tasks, but Pagan saw it as a stepping stone to an official promotion. But in April, Pagan told Recode, he took two days off to have an infected tooth looked at and ultimately removed.
The problem, he said, was that he only had seven hours of unpaid time off but ended up missing 20 hours of work; he had enough paid vacation time to cover the absence, but he said the company did not pull from that separate bank of days because Pagan would have had to apply for vacation time in advance. Pagan said he also had a doctor’s note but was told the company did not need to accept it as an excuse, even though he had been excused from work with a doctor’s note previously. He said he worked for another full week without issue, until he showed up one night for his overnight shift and his badge no longer worked. He was eventually told he had been terminated.
An HR manager told Pagan that there was nothing he could do about the termination but that Pagan should reapply for a job at the company in three months, per Amazon policy.
“We would love you back in 90 days,” Pagan says the HR staff member told him. In the meantime, Pagan should “do some GrubHub or Uber,” the HR employee said.
“I find the whole situation crazy,” said the 35-year-old Pagan, who was supporting his wife and daughter on his Amazon income. “They’re gonna lose a good worker for nothing.”
It's not the issue of Grubhub or re-applying 90 days later, it's the completely inflexible termination policy and the lack of any sort of humanness or flexibility around decision-making that caused them to dig their own hole, in this specific example.
Earlier quoted context omitted.
Those idiots! Everyone and their mother knew that printing money since 2008 was going to blow up one day. Technology and unsubstantiated sectors allowed them to print without repercussions for a while and the administration and them also tried to fool people into believing the inflation was transitory... Reckless idiots. And now wage labor is the one to suffer most. 4TT in spending for BBB? Uhhuh! Even Yellen said it…
It's not the money supply. It's a supply side problem due to Corona shutdowns. All the Fed is about to do is induce a bunch of unemployment.
Earlier quoted context omitted.
DoorDash costs have always been absurd, they just hide a lot of it by pricing the food higher than it normally is. I've noticed our grocery delivery services doing that, too, giving us prices on items that are higher than they are if you go to the store yourself. We'll stop using them soon. It's bullshit. Delivery costs ought to be transparent. [EDIT] Oh, and places like pizza joints that already had delivery service…
It seems like most of the prices are either equivalent to the restaurant's prices, or only slightly higher. But when I compare DoorDash to UberEats, with the food prices being the same, I have seen $10+ differences in the final total. That's when I dropped DoorDash.