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luvdemshrooms
Two inch dick..but it spins!?


Registered: 11/29/01
Posts: 34,247
Loc: Lost In Space
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Re: R U OK with this? [Re: Enlil]
#18915394 - 10/01/13 10:12 AM (10 years, 4 months ago) |
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Quote:
Enlil said: Their profit margins are very small...between 3%-4%. McDonald's is around five times as high
"Facts? We ain't got no facts. We don't need no facts! I don't have to show you any stinkin' facts!"
-------------------- You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers
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Brand X
Stranger


Registered: 05/11/13
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Re: R U OK with this? [Re: vinsue]
#18915399 - 10/01/13 10:13 AM (10 years, 4 months ago) |
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Quote:
Icepic said: If Walmart starts paying higher wages, price of everything in stores go up, a bunch of stores must close because there is not enough money to pay people at all the stores, people quit shopping there because of ridiculously high prices, in the end Walmart collapses. So as an heir to a business lets make sure we completely destroy our families legacy by giving hand outs to people. Walmart is in business to make money not give someone a job, as an employee you are less important then toilet paper, if there is only enough money for toilet paper or an extra employee, I gurantee there will be toilet paper for current employees and customers to wipe their ass with and the extra employee won't be there.
I don't understand why people bitch about wages, go start your own business, I didn't like the $8.95 I made at Starbucks for years, I started my own company and now bill out at $100-$125 an hour depending on the job. If your wage sucks do something else staying at a job that under pays is a choice, people who understand logistics of business know you can't just start paying people a bunch of extra money it is not sustainable, the margins on a lot of businesses are super thin to begin with. If I have $300 an hour allotted to pay employees at $10 an hour I can give thirty people jobs, everyone starts bitching wanting $20 an hour and I being the nice guy I am, comply with the demands, unfortunately 15 people get the $20 an hour and the other fifteen get fired because I can't pay them, an extra $300 an hour just doesn't materialize in my budget. It may suck but it's a fact people start business to make money and you can't do that if you over pay everyone that works for you.
This is a perfect example of selective logic. What you are saying is that because you can't afford to pay higher wages, people should be happy to accept whatever job they can get no matter how bad or underpaid it is. And nowhere to you mention what happens when your profits go up. Walmart's profits are substantial to say the least and they CAN afford to more, but they don't.
Your business only succeeds because you are paying poor wages, and your competitors will only do well against you if they pay even lower wages. Didn't I see something like this on Southpark in the "goo-backs" episode? In your business model is there a strategy for how to raise the wages or improve the working environment of your employees?
Also, it's important to consider than 9 out of 10 small businesses go bust in their first year. Very few go on to become profitable or sustainable in the long-term. Going self-employed is not without risks.
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twighead
mͯó



Registered: 08/27/08
Posts: 29,734
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Re: R U OK with this? [Re: Enlil] 2
#18915403 - 10/01/13 10:14 AM (10 years, 4 months ago) |
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Quote:
Enlil said: Their profit margins are very small...between 3%-4%. McDonald's is around five times as high:
http://ycharts.com/companies/WMT/profit_margin http://ycharts.com/companies/MCD/profit_margin
Walmart employs 2.2 million people, net profit = 17 billion MCD employs 1.8 million, net profit = 5 billion
More relevant statistic if you ask me.
Fuck them both though.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,967
Loc: Uncanny Valley
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The percentage is the key, though. It isn't like Walmart is owned by one person. It's owned by thousands.
With 2.2 million employees, $1/hour raise would cost the company close to $5 billion a year. That's around a third of the net profit of the company.
Paying a "living wage" couldn't be done without raising prices significantly enough to kill the company.
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qman
Stranger

Registered: 12/06/06
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Last seen: 3 days, 4 hours
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Quote:
sVs said:
Quote:
Fire is Born said:
Quote:
sVs said: Yeah fuck them for making money, they should give everyone some money. Shit, they need to fucking pay me for shopping.
Do any arguments against Wal-Mart's lurid profit margins not revolve around them giving away money basically just because they make too much of it?. Why just Wal-Mart, and not every other massive corporation? Seems easier to hate the top dog, I guess
Top dog? I thought that was oil and investment banking. Anyway....people are just saying it wouldn't hurt them to pay their employees more. You seem to be getting personally offended by the very suggestion. Can you not to understand the animosity against Walmart?
I am generally irritated by stupidity in all forms, and I will hold endless animosity to all who encourage it. Saying a company should pay workers more just because well, just because, is about as stupid as stupid gets. I do not agree with everything Wal-Mart does. I rarely even shop there. But demanding higher wages for unskilled work is senseless.
The problem is the US has a SURPLUS of unskilled labor, this is the result of shipping jobs overseas, and letting illegals into the country.
Fifty years ago, unskilled labor was in strong demand, and therefore created a higher wage. So we can thank our policy makers for creating a surplus of unskilled labor, and letting the people at the top to take advantage of that fact.
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,465
Loc: 613
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Re: R U OK with this? [Re: Enlil] 1
#18915423 - 10/01/13 10:17 AM (10 years, 4 months ago) |
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Quote:
Enlil said: The percentage is the key, though. It isn't like Walmart is owned by one person. It's owned by thousands.
With 2.2 million employees, $1/hour raise would cost the company close to $5 billion a year. That's around a third of the net profit of the company.
Paying a "living wage" couldn't be done without raising prices significantly enough to kill the company.
That must be why Costco went out of business.
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Uzziel
O_o


Registered: 12/30/10
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Re: R U OK with this? [Re: Enlil] 2
#18915461 - 10/01/13 10:29 AM (10 years, 4 months ago) |
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Quote:
Enlil said: The percentage is the key, though. It isn't like Walmart is owned by one person. It's owned by thousands.
With 2.2 million employees, $1/hour raise would cost the company close to $5 billion a year. That's around a third of the net profit of the company.
Paying a "living wage" couldn't be done without raising prices significantly enough to kill the company.
3.8 billion isn't a third out of 16 billion. I don't know you're talking about, a 12.8billion PROFIT isn't anywhere "close" to killing a company... the fuck?
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,967
Loc: Uncanny Valley
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Re: R U OK with this? [Re: Uzziel]
#18915484 - 10/01/13 10:34 AM (10 years, 4 months ago) |
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Your reading comprehension is poor, but not nearly as poor as your math.Quote:
psi said:
That must be why Costco went out of business.
Costco didn't go out of business, dude. Check your facts before you start posting shit.
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nicechrisman
Interdimensional space wizard



Registered: 11/07/03
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Re: R U OK with this? [Re: Enlil]
#18915496 - 10/01/13 10:36 AM (10 years, 4 months ago) |
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-------------------- "Cosmic Love is absolutelely ruthless and highly indifferent: it teaches its lessons whether you like/dislike them or not." John C. Lily
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,465
Loc: 613
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Re: R U OK with this? [Re: Enlil]
#18915509 - 10/01/13 10:39 AM (10 years, 4 months ago) |
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Sorry, I figured it would be apparent to anyone following the conversation that I was being sarcastic. Next time I'll add an appropriate pictorial indication to avoid confusion.
How's this?
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,967
Loc: Uncanny Valley
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I think it's indicative of the current generation's overinflated sense of entitlement to expect Walmart to pay every employee more than they're worth. Why should they? They aren't in the charity business. Walmart has some very highly paid employees, and they're paid that much because they have proven themselves to be WORTH THAT MUCH.
The notion that the company should maximize pay for employees is antithetical to the entire system of capitalism. The company wasn't created for the employees, after all.
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fapjack
Title



Registered: 07/26/07
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Re: R U OK with this? [Re: Enlil]
#18915548 - 10/01/13 10:50 AM (10 years, 4 months ago) |
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So you disagree with a concept of a minimum wage?
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,967
Loc: Uncanny Valley
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Re: R U OK with this? [Re: fapjack]
#18915552 - 10/01/13 10:51 AM (10 years, 4 months ago) |
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Absolutely. A minimum wage undercuts people's freedom to contract as they see fit.
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Uzziel
O_o


Registered: 12/30/10
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Re: R U OK with this? [Re: Enlil]
#18915571 - 10/01/13 10:55 AM (10 years, 4 months ago) |
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Quote:
Enlil said: Your reading comprehension is poor, but not nearly as poor as your math.Quote:
psi said:
That must be why Costco went out of business.
Costco didn't go out of business, dude. Check your facts before you start posting shit.
So you can insult my reading and math skills but not give an explanation? Because my numbers are correct, so lets go ahead and hear why I am wrong and why YOUR skills aren't poor.
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fapjack
Title



Registered: 07/26/07
Posts: 16,574
Loc: Central New Jersey
Last seen: 3 years, 11 months
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Re: R U OK with this? [Re: Enlil]
#18915586 - 10/01/13 10:58 AM (10 years, 4 months ago) |
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Quote:
Enlil said: Absolutely. A minimum wage undercuts people's freedom to contract as they see fit.
So should I be able to get people to work 80 hours a week for room, board, and food? What about having indentured servants that work the rest of their lives paying off their debt. Should they get rid of all OSHA regulations while they are at at?
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shivas.wisdom
בּ



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Re: R U OK with this? [Re: Enlil]
#18915590 - 10/01/13 10:59 AM (10 years, 4 months ago) |
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labour laws were enacted for a reason...
would you believe a more dickensian society is prefered?
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,967
Loc: Uncanny Valley
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Re: R U OK with this? [Re: fapjack]
#18915596 - 10/01/13 11:01 AM (10 years, 4 months ago) |
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Quote:
fapjack said:
Quote:
Enlil said: Absolutely. A minimum wage undercuts people's freedom to contract as they see fit.
So should I be able to get people to work 80 hours a week for room, board, and food? What about having indentured servants that work the rest of their lives paying off their debt. Should they get rid of all OSHA regulations while they are at at?
If people want to work for room and board, they should have the freedom to do so.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,967
Loc: Uncanny Valley
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Re: R U OK with this? [Re: Uzziel]
#18915606 - 10/01/13 11:04 AM (10 years, 4 months ago) |
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Quote:
Uzziel said: So you can insult my reading and math skills but not give an explanation? Because my numbers are correct, so lets go ahead and hear why I am wrong and why YOUR skills aren't poor.
Your failed math: 2.2 million x 2000 hours a year x $1 is 4.4 billion, plus you have to add in the additional payroll taxes that go with that.
Your reading fail: The math above assumes a $1/hour pay raise. That is NOT a "living wage." A living wage would take far more than $1/hour pay raise and easily force the company to raise prices. It was an entirely different point in an entirely different paragraph.
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fapjack
Title



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Re: R U OK with this? [Re: Enlil]
#18915613 - 10/01/13 11:06 AM (10 years, 4 months ago) |
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Quote:
Enlil said: Absolutely. A minimum wage undercuts people's freedom to contract as they see fit.
Quote:
Enlil said:
Quote:
fapjack said:
Quote:
Enlil said: Absolutely. A minimum wage undercuts people's freedom to contract as they see fit.
So should I be able to get people to work 80 hours a week for room, board, and food? What about having indentured servants that work the rest of their lives paying off their debt. Should they get rid of all OSHA regulations while they are at at?
If people want to work for room and board, they should have the freedom to do so.
Workers rights didn't come to be because workers had an overabundance of freedom.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,967
Loc: Uncanny Valley
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Re: R U OK with this? [Re: fapjack]
#18915618 - 10/01/13 11:06 AM (10 years, 4 months ago) |
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There is no such thing as an "overabundance of freedom" when discussing a competent adult human being.
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