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Very Hot Topic (More than 25 Replies) Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts (Read 719 times)
Harrys Sockpuppet4335
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Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Jan 14th, 2018 at 10:41am
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Wal-Mart Stores Inc. is raising its lowest U.S. wage to $11 an hour and will provide workers with a one-time cash bonus, saying the new tax law allowed the company to “accelerate” investment plans.

The nation’s largest retailer, with about 1.5 million U.S. employees and nearly $500 billion in global revenue, also said Thursday it would expand workers’ maternity and parental leave benefits.

The wage increase, from $10, takes effect next month and comes amid a tightening labor market, new state wage requirements and the tax law, which slashed corporate rates. All changes also apply to Wal-Mart’s Sam’s Club, Home Office, e-commerce and logistics subsidiaries.

Several large companies have announced one-time bonuses that they credited to the new corporate tax cuts.

Chief Executive Doug McMillon said Wal-Mart — which for years has been criticized for low pay — is in the early stages of assessing how it will use savings from the tax law.


Yet another good outcome because of corporate tax cuts.

http://www.latimes.com/business/la-fi-walmart-minimum-wage-20180111-story.html
  

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wyattstorch2004
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Re: Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Reply #1 - Jan 14th, 2018 at 10:47am
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How did this happen without government forcing them to do it?
  
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Luther
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Re: Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Reply #2 - Jan 14th, 2018 at 10:49am
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Harrys Sockpuppet4335 wrote on Jan 14th, 2018 at 10:41am:
Yet another good outcome because of corporate tax cuts.

http://www.latimes.com/business/la-fi-walmart-minimum-wage-20180111-story.html



Great, so the Families of two, three and four will still not pay a Income tax or qualify for Medicaid?

Does that sound about right? Huh Roll Eyes
  

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Harrys Sockpuppet4335
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Re: Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Reply #3 - Jan 14th, 2018 at 10:51am
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wyattstorch2004 wrote on Jan 14th, 2018 at 10:47am:
How did this happen without government forcing them to do it?


It's one of those mysteries in life we just accept with no expectation of ever having an answer.

Did you see the part about giving employees a bonus as well as the pay raise?
  

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wyattstorch2004
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Re: Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Reply #4 - Jan 14th, 2018 at 10:54am
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Harrys Sockpuppet4335 wrote on Jan 14th, 2018 at 10:51am:
It's one of those mysteries in life we just accept with no expectation of ever having an answer.

Did you see the part about giving employees a bonus as well as the pay raise?


I had heard about that.

I guess tax cuts for businesses do sometimes find their way to the workers...
  
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Harrys Sockpuppet4335
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Re: Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Reply #5 - Jan 14th, 2018 at 10:56am
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wyattstorch2004 wrote on Jan 14th, 2018 at 10:54am:
I had heard about that.

I guess tax cuts for businesses do sometimes find their way to the workers...


That's strange, because the "authorities" told me that companies would horde the money and only raise executive pay. It seems that all boats are floating.
  

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Luther
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Re: Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Reply #6 - Jan 14th, 2018 at 10:57am
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wyattstorch2004 wrote on Jan 14th, 2018 at 10:54am:
I had heard about that.

I guess tax cuts for businesses do sometimes find their way to the workers...



But what you haven't heard of these are really unlivable wages(11.00) if you don't have any right offs or child credits

When you have those child credits it's actually a good life 

  

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a person or thing whose nature, value, or significance cannot be determined or is not yet known.
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Re: Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Reply #7 - Jan 14th, 2018 at 11:02am
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Luther wrote on Jan 14th, 2018 at 10:57am:
But what you haven't heard of these are really unlivable wages(11.00) if you don't have any right offs or child credits

When you have those child credits it's actually a good life 



What do you mean by, "unlivable"?
  

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Re: Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Reply #8 - Jan 14th, 2018 at 11:14am
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Genesee wrote on Jan 14th, 2018 at 11:02am:
What do you mean by, "unlivable"?



Just what I said


Have you checked out some of the Rents, Home prices and cost of Food lately?

Why do you think the great Gov is there to help?
  

All throughout our American history, world history, "ordinary people can do extraordinary things"


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Harrys Sockpuppet4335
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Re: Wal-Mart raises its lowest wage to $11 an hour, crediting tax cuts
Reply #9 - Jan 14th, 2018 at 11:15am
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Luther wrote on Jan 14th, 2018 at 11:14am:
Just what I said


Have you checked out some of the Rents, Home prices and cost of Food lately?


I'm sure you can lay out a good argument for Walmart being responsible for these things, right?
  

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