So, You Want $15 An Hour?

Concart said:
I do have skin in the game. Because Walmart, for YEARS has use my tax dollars to provide benefits and supplement the income of their employees. Another big shot 'business owner' that doesn't know a thing about running a business. LOL at you.
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Oh? How does that work?
 
Street Glider said:
Not at my local one, they're not...



My local Wal-Mart must be an anomaly, because the kiosks there accept cash...



Automotive and electronics are always manned with, at least, one person. Electronics usually has two. It was that way when there were eight cashiers up front...



Oh, but you've misunderstood. They're moving towards self-checkout not because they can't afford to pay humans. They're moving that way because it means they won't have to...



Which means that those who believe cashiers should get $15 an hour can whine even more...



I'm have Wal-Mart stock. I occasionally shop there. I bought stock when it was $45 a share. It's about $145 a share today...
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Not really anything to boast about. The S&P and the DOW have both performed as well or better than Walmart.
 
Street Glider said:
"More" doesn't equate to better.

And, from an employer's perspective. If that job is being performed sufficiently, it would be a complete waste of money to have more people doing it...
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With equal protection of the at-will employment laws, it should not matter. Capitalists should be free to consider their bottom line under capitalism.
 
Street Glider said:
So, you want $15 to start as a cashier at Wal-Mart?

I rarely go to Wal-Mart, but the last time I was there (about three weeks ago) there were two cashiers on duty, and eight self-service lanes open.

It's a smart move by Wal-Mart. At $15 an hour, eight cashier lanes running 17 hours a day (my local Wal-Mart is open from 6am-11pm) costs Wal-Mart $2,040 per day to operate. In just 2-1/2 days a single kiosk can pay for itself (they run around five grand a pop). The kiosk then no longer needs anything; no training, no time off, no breaks, no health insurance, no paid holidays; nothing.

This is where retail is headed. If we assume ten kiosks per store and an otherwise hourly wage of $15 an hour per soon-to-be-out-of-work cashier, once these kiosks pay for themselves (which would happen in rather short order) Wal-Mart will save a total of $2,550 per day in hourly wages. That's $17,850 per week, or $928,200 a year, and that's per store. Wal-Mart has approximately 10,500 stores. If this approach was put in place in all of their stores, Wal_Mart would save $9,746,100,00 per year.

Many retailers will follow Wal-Mart's lead. If the kiosk idea ultimately fails, Wal-Mart is large enough to absorb the loss. If it succeeds, though, other retailers will start adopting the use of kiosks instead of employing cashier's. Even the largest grocery stores (which are also currently employing self-serve kiosks) will be able to operate with far fewer employees.

This is just an observation based on what I've seen locally here in northeast Florida. I have to believe that northeast Florida is not unique...
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This is an astounding revelation. Automation ... taking over Human Jobs. This could catch on.
Uh ... is there any reason in your view that the US needs to keep importing MORE Basket Weavers into the country?
 
Street Glider said:
So, then the fact that they're continuing to do it can only mean that they see the benefit of automating and not having actual employees...
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So what. Employment is at the will of either party and Labor should be able to collect unemployment compensation for simply being unemployed in an at-will employment State.
 
danielpalos said:
So what. Employment is at the will of either party and Labor should be able to collect unemployment compensation for simply being unemployed in an at-will employment State.
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Should the Imported Third World Basket Weavers be supported by American Tax Dollars?
 
Concart said:
I do have skin in the game. Because Walmart, for YEARS has use my tax dollars to provide benefits and supplement the income of their employees. Another big shot 'business owner' that doesn't know a thing about running a business. LOL at you.
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I've got two rather successful ones, butt-nugget.

So, if you have a skin in the game (with regards to how Wal-Mart uses your tax dollars), wouldn't it be pretty silly for them to supplement employee salaries to a point where the investment of that salary is not worth the job being performed?

You're a fool if you think you know more about running a business than me. I've been doing it, and doing it well, for almost 20 years...
 
Jack said:
This is an astounding revelation. Automation ... taking over Human Jobs. This could catch on.
Uh ... is there any reason in your view that the US needs to keep importing MORE Basket Weavers into the country?
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No, certainly not.

What's your point?
 
Concart said:
Not really anything to boast about. The S&P and the DOW have both performed as well or better than Walmart.
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Sure.

But my investment with Wal-Mart has still been profitable for me.

I have a pretty diversified portfolio, so the fact that one investment might perform better than another doesn't bother me much...
 
danielpalos said:
Does being Legal to our own Laws only matter in border threads?
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Simple Question. As automation takes more entry level jobs, what do we do with the displaced people?
We are now facing 'displaced people' ... along with Imported Third World Labor that may have NO JOB future.
 
Street Glider said:
I've got two rather successful ones, butt-nugget.

So, if you have a skin in the game (with regards to how Wal-Mart uses your tax dollars), wouldn't it be pretty silly for them to supplement employee salaries to a point where the investment of that salary is not worth the job being performed?

You're a fool if you think you know more about running a business than me. I've been doing it, and doing it well, for almost 20 years...
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You don't know me very well. I'm retired. I ran more than one business for 45 years. Bottom line, you are what you post here, and your arguments are simplistic and contain absolutely no nuance. From which I conclude you are all brag and no fact. But I digress. You claimed that Frank has no skin in the game, and that is, of course, objectively false. I don't care about the fact that Walmart is automating their checkout lines. It makes good business sense. And Walmart has made strides towards paying better starting wages. And that also makes good business sense, since there is an shortage of lower paid retail workers for obvious reasons. Bottom line, your suggestion that we all don't have skin in the game is false.
 
Street Glider said:
Sure.

But my investment with Wal-Mart has still been profitable for me.

I have a pretty diversified portfolio, so the fact that one investment might perform better than another doesn't bother me much...
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Then what was the point? How was your ownership of Walmart, or what you bought it for a relevant fact in this discussion? You don't fool anyone.

1.63% is a good yield? Remind me not to come to you for investment advice either.
 
Jack said:
Simple Question. As automation takes more entry level jobs, what do we do with the displaced people?
We are now facing 'displaced people' ... along with Imported Third World Labor that may have NO JOB future.
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Only right-wingers seem to always have a problem coming up with better solutions at lower cost while alleging to adore Capitalism (in socialism threads). Our welfare clause is General and must cover any given contingency. We also have a Commerce Clause which should be respected by any public policies enacted by our representatives to Government.
 
Jack said:
The point is we seem to have a Policy of Importing Third World Labor. I'm not really understanding the reasoning behind that. I thought you could help explain it.
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Let's "blame the right-wing" for insisting on their bigotry and fascism instead bearing true witness to our own laws. Our welfare clause is General and we have a Commerce Clause in particular; why are we losing money on border policy?
 
danielpalos said:
Only right-wingers seem to always have a problem coming up with better solutions at lower cost while alleging to adore Capitalism. Our welfare clause is General and must cover any given contingency. We also have Commerce Clause which should be respected by any public policies.
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'Capitalists' are the ones demanding a lower Labor Input Cost. Either by Automating or getting Cheap Labor (think outsourcing to Asia) to do the Work.
So, my Question is: How many MORE Third World Labor will be imported this year, next year, and the years after that? Is there ever a cut-off point?
 
danielpalos said:
Let's "blame the right-wing" for insisting on their bigotry and fascism instead bearing true witness to our own laws. Our welfare clause is General and we have a Commerce Clause in particular; why are we losing money on border policy?
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It's a Question about 'Labor' and 'Automation'. If Automation is the Future ... do we really need a million more Basket Weavers?
 
Jack said:
The point is we seem to have a Policy of Importing Third World Labor. I'm not really understanding the reasoning behind that. I thought you could help explain it.
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Oh, simple: It's cheap. They'll work for less. Where an American born janitor might want $20 an hour, someone from Somalia may well be willing to do the job for $10 an hour...
 
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