A Quickie: Basic Economic Understanding
i read an article the other day on Walmart , where it stated that their profits this quarter rose 8 percent. It stated that part of the reason why it went up was not only because of increased sales, but also because of controlling wages. Now think for a moment. Usually what controlling wages means is that they give little or no salary increases… or worse, higher new workers at lower rates. If you have to jip your employees who are only making 8.00-10.50 an hour out of his/her 25 cent raise per hour to make a profit, your business is not doing well. If you keep lowering or maintaining your workers salary, they won’t be able to buy anything, hence the economic slump we are in now. Granted, Walmart jobs are low-skilled jobs, and can easily be replaced, but do you really want to punish people for doing their jobs? They still work hard, many hours a day.
Comments
Leave a Reply
-
This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. - Blogarama - The Blog Directory
-
