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"Great Job Opportunities" - 52% Of Walmart Workers Make Under $25,000 A Year, But There's More...

Tyler Durden's picture





 

On Tuesday, the BLS engrossed in the same frenzy of openly making up data like the Dept of Labor has been with the initial claims data ever since early September when it started upgrading its California "systems" and never finished, announced that while only 140K or so jobs were created in September, nearly 700K full-time jobs were added as over 500K part-time jobs were converted into full-timers. On the surface this is great news... until one actually looks for empirical evidence that this is happening anywhere besides the data manipulating, massaging and fabricating models used by the BLS. And one certainly won't find it at the biggest private employer in the US - Walmart, which just announced that a whopping 475,000 of its employees earn at least $25,000 a year. Great news, right? Sure, until one considers that WMT has over 1 million employees, which means that well over 50% of Wal-Mart's employees make a tiny $25,000 year.

From Bloomberg:

Wal-Mart has provided some new and useful information: More than 475,000 of its 1 million hourly store employees earn at least $25,000 a year for full-time work. This figure comes from Bill Simon, the president and chief executive officer of Walmart U.S., who presented (PDF) it at Goldman Sachs’s (GS) Global Retailing Conference last month. The statistic, which was listed under the heading “Great job opportunities,” means as many as 525,000 full-time hourly employees earn less than $25,000 a year.

 

 

OUR Walmart, the union-backed workers’ group that’s been staging protests and asking for higher wages, pointed this out during a press conference in Washington, D.C., on Wednesday. (The company’s presentation is also on its website.) Three store associates, as well as three Democratic members of the House of Representatives, called on the retail giant to pay all of its full-time workers at least $25,000 a year.

Wal-Mart is adamant: the pay is fair.

“We have hundreds of thousands of associates who are making $25,000 a year or more,” says Kory Lundberg, a Wal-Mart spokesman. “And the opportunity exists for those who aren’t to grow into the career they want. We promote 160,000 people a year.” Lundberg also explained how to parse some of Wal-Mart’s figures. The company has 1.3 million hourly workers, which led OUR Walmart to claim at the press conference that 825,000 of them made less than $25,000 a year. Lundberg points out that Simon’s presentation was referring to the 1 million who work in the stores. (The rest work as truck drivers and at the Bentonville (Ark.) headquarters, among other places.) So about 52 percent of its associates make less than $25,000 a year—not 63 percent.

The other side disagrees. As expected, the minimum wage workers demand - what else - higher wages.

“A decent wage is their demand—a livable wage, of all things,” said Representative George Miller (D-Calif.). The problem with companies like Wal-Mart is their “unwillingness, not their inability, to pay that wage,” he said. “They hand off the difference to taxpayers.” Miller was referring to a congressional report (PDF) released in May that calculated how much Walmart workers rely on public assistance. The study found that the 300 employees at one Supercenter in Wisconsin required some $900,000 worth of public assistance a year. Catherine Ruetschlin, an analyst at Demos, the progressive policy center, noted during the press conference that raising wages can be good for the overall economy. “Putting money into workers’ wallets puts cash in the registers of retailers, and with it the need for new employees,” she said. “We estimate that a raise to $25,000 a year would lead to at least $11 billion of new GDP and generate 100,000 new jobs.”

Trite platitudes aside - and if the workers are unhappy they sure can try to get a higher paying job elsewhere: surely their skillset is worth it - the reality as we pointed out in "When Work Is Punished: The Tragedy Of America's Welfare State", the comp more than half of WMT's workers get is actually in the sweet spot for "middle class" equivalent cash flow. Recall: "the single mom is better off earning gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045."

And that, incidentally, is precisely why the motivations of the lower and middle classes are so warped: because when those who think they are worse off making just below the magic cutoff level are in fact better than those who make $40,000 more in gross income, then the desire to work and be "aspirational", upwardly mobile simply disappears, and with it the marginal productivity of the economy.

As for the angry minimum wage Wal-mart employees, we have one piece of advice - look at the chart below...

... and realize why it is in your interest to make just as much as you are making and not a dollar more.

 


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Thu, 10/24/2013 - 14:02 | Link to Comment adr
adr's picture

52% of Walmart workers should have demanded to be paid in Bitcoin. Then they would have gone from making $25k a year to $50k in one week. Depending on the minute they looked at the Bitcoin exchange chart.

Thu, 10/24/2013 - 14:11 | Link to Comment Pladizow
Pladizow's picture

and their prices are EBT subsidized!

Thu, 10/24/2013 - 14:18 | Link to Comment ninja247
ninja247's picture

Walmart does promote much faster than other retail organizations. You may start out lower, but the raises you recieve occer more frequently.

That doesn't take away from the fact that retail wages (including Walmart) still suck. 

Thu, 10/24/2013 - 14:20 | Link to Comment TeamDepends
TeamDepends's picture

Plus, there's the sweet 4% discount on merch.....

Thu, 10/24/2013 - 14:33 | Link to Comment Say What Again
Say What Again's picture

The Wal*Mart workers have the potential to really disrupt things, if they were to truly get organized.

Can you imagine what would happen if ALL of the WM workers accross the country walked out for even 2 days.  That would be fun to watch.

Thu, 10/24/2013 - 14:43 | Link to Comment Almost Solvent
Almost Solvent's picture

2 Hours would likely result in a massive shitstorm!

Thu, 10/24/2013 - 14:57 | Link to Comment Muppet Pimp
Muppet Pimp's picture

The guys running Wal Mart have made a smart business decision that since Obama will pay to feed and house their employees, all they need to provide them is a little walking around money.

Thu, 10/24/2013 - 15:04 | Link to Comment Say What Again
Say What Again's picture

I don't understand what these WM employees -- or any other amerikan workers -- are complaining about.  The NASDAQ 100 is printing a CAGR of 65%.  Why aren't they placing all their hard earned money into the QQQs?  A few moar months like this and they'll never need to worry about employment at WM again!  If they were really smart, they would start buying tulips now.

Thu, 10/24/2013 - 15:14 | Link to Comment James_Cole
James_Cole's picture

That's a helpful chart for single moms, pretty sure zh is filled with those lol.

Gawd it's depressing what wal-mart gets away with. If only hell existed...

Thu, 10/24/2013 - 15:28 | Link to Comment Skateboarder
Skateboarder's picture

*friendly whack on the back*

You're already here bud!

Thu, 10/24/2013 - 22:37 | Link to Comment MontgomeryScott
MontgomeryScott's picture

Old 'CASE IN POINT':

back in 1981, i worked for one of the larger subcontractors of the M.I.C. at the tender age of 19, running and setting up 'triple duplicating' CNC mills, making wings truts and other parts for such aircraft as the KC-10.

I worked a 12-hour shift, and base pay was $6.60 an hor (a lot of money for a 19-year-old single guy in 1981). I was paid 'time and a half' for the overtime, or $9.90 an hour, for every hour over 40 a week. The payroll was split in to to categories: 'regular pay and deductions', and 'overtime pay and deductions'.

EVEN THEN, i got to take home about $4.72 an hour after deductions, for 'regular time' ($6.60, minus standard deductions) The KILLER is, that the 'overtime' earnings were $2,70 an hour 'take home' (@$9.90 an hour, before deductions), because this placed me in a 'higher tax bracket'. I found that working Saturdays was actually resulting in a LOWER TAKE-HOME NET PAY IN THE TOTAL...I actually LOST $3.20 per check, on average, by working the 10-hour Saturday overtime. I began to get pissed off. REALLY pissed off. I work MORE, and get LESS? To pay for WELFARE SCUM-SUCKING LEECH MAGGOTS who won't get off their ASSES and put down the BONGS and get a fucking JOB?

We have this 'greeter' at the local Walmart, put there like a 'poster-child'. She must weigh 380 lbe, as she sits there in her wheelchair, and we are forced to walk in past her. I think of all the tax dollars wasted on people who can't get their asses in to gear, and see how well it was spent, now, in living color. She's about my age, but absolutely helpless, looking like Jabba The Hut.

I only go there when i have to in the line of my work. I don't shop there.

They have this 'McDonalds' thing, just inside the door, where the fat and sick indigent people congregate and eat french fries, their 'single mom brats' screaming for MOAR.

Shopping there must be really exhausting!

Thu, 10/24/2013 - 22:39 | Link to Comment Shocker
Shocker's picture

Full Time Good Paying Jobs, Now Part Time, Retail/ Low Paying Jobs

Layoff / Business Closing List

http://www.dailyjobcuts.com

(

Thu, 10/24/2013 - 23:25 | Link to Comment markmotive
markmotive's picture

This is what an empire in decline looks like.

Empire in Decline: Guy McPherson interviewed by Michael C. Ruppert on the Lifeboat Hour

http://www.planbeconomics.com/2013/10/empire-in-decline-guy-mcpherson.html

Thu, 10/24/2013 - 23:42 | Link to Comment economics9698
economics9698's picture

Walmart is a very simple organization. If you work and are somewhat intelligent you get promoted. If you slack off you are demoted or fired. Reminds me of construction.

The worst part of the organization is the PC police. “Protected groups” and that bs.

Thu, 10/24/2013 - 21:34 | Link to Comment quasimodo
quasimodo's picture

"If they were really smart, they would start buying tulips now."

 

 

Not lumping all WM employees in the same basket, but...........

Thu, 10/24/2013 - 16:32 | Link to Comment halfawake
halfawake's picture

started way before obama

Thu, 10/24/2013 - 22:29 | Link to Comment harleyjohn45
harleyjohn45's picture

Yes , it started in 1965 under LBJ.  Obama just put it on steroids.

 

Thu, 10/24/2013 - 22:54 | Link to Comment MontgomeryScott
MontgomeryScott's picture

NO.

It started in 1913, under the 'Federal Reserve Act', and got a kick in the pants under Roosevelt's 'Emergency Banking Act' of 1933.

It actually goes back further than that, but 'false paradigm' posers like some here don't have the balls to study REAL history.

Thu, 10/24/2013 - 23:27 | Link to Comment James_Cole
James_Cole's picture

and got a kick in the pants under Roosevelt's 'Emergency Banking Act' of 1933.

He was actually updating an already existant bank bailout, a bank bailout not many people are aware of:

The Reconstruction Finance Corporation spent $1.5 billion in 1932, $1.8 billion in 1933, and $1.8 billion in 1934. Then it dropped to about $350 million a year. On the eve of World War II (August 31, 1939), it greatly expanded to build munitions factories, disbursing $1.8 billion in 1941. The total loaned or otherwise disbursed by the RFC from 1932 through 1941 was $9.465 billion

http://en.wikipedia.org/wiki/Reconstruction_Finance_Corporation

I actually don't know if I've ever heard a mainstream economist refer to it.

Thu, 10/24/2013 - 15:09 | Link to Comment bingo was his name
bingo was his name's picture

2 hours would not be long enough - I think everytime I go to Wal-Mart i am in line for 2 hours

Thu, 10/24/2013 - 15:18 | Link to Comment Say What Again
Say What Again's picture

Hey Wal Mart workers of the world.  Are you listening? 

Just pick a day.  You don't need to make fancy signs, or stand outside of the WM in protest.  Just walk out, go home, and watch Jerry Springer.

JUST DO IT!

Thu, 10/24/2013 - 15:34 | Link to Comment cygamaczer
cygamaczer's picture

As an anarchist who has watched the development of wal-mart strikes (a complex affair, combining aspects of liberal [we hate them too] unions and radical self organization and wildcat organizing) I would ask you to look a little more into the everyday needs and struggles of workers if you are serious about what you say. And if any of you "anarcho-capitalists" want to bankroll the revolution, we could use land, seeds, housing and the ability and knowledge to take care of ourselves. Give the land back to the people, kill the bankers and people will work it out themselves.

Thu, 10/24/2013 - 16:17 | Link to Comment walküre
walküre's picture

The typical WM worker cannot afford to walk of the job. WM has that angle shut pretty well down by hiring slaves whose existence depends entirely on their income from WM. Telling them to walk of the job is like telling 1700s "negroes" to form a rebellion against the plantation owner. (No offense to Afro Americans a.k.a negroes in the historical context I'm using.)

The change you're seeking has to come from outside, from truly compassionate political leadership with a vision and a will to fight exploitation of human labor.

Equality is not a system where one man earns 99% and 10,000 men earn 1%.

Thu, 10/24/2013 - 21:03 | Link to Comment NoDebt
NoDebt's picture

What?

We've GOT compassionate leadership.  They are the ones supplying those WalMart workers with OTHER half of their income out of MY income.  If they were any more compassionate, I'd be the one who needs the hand-out.

You want to take it from the 1%?  Then go stick that knife you're carrying around into the proper ribcage.  The banking monopoly is where this all starts, not government hand-outs or minimum wage levels.

 

 

Thu, 10/24/2013 - 23:55 | Link to Comment walküre
walküre's picture

The ones who control the boards at the banks are controlling the boards at the mega corporations. They work hand in hand on all levels and exploit the rest to the best of their knowledge and ability. When the revolution starts, many more heads will be rolling that are not ex bankers.

We have an oligarchy making politics for the oligarchs. That's not compassionate leadership unless their compassion can somehow be leveraged and marketed to increase the size of their balance sheets.

The leadership I was refering to has to be selfless and visionary as in the character of William Wilberforce for example.

Thu, 10/24/2013 - 15:34 | Link to Comment cygamaczer
cygamaczer's picture

As an anarchist who has watched the development of wal-mart strikes (a complex affair, combining aspects of liberal [we hate them too] unions and radical self organization and wildcat organizing) I would ask you to look a little more into the everyday needs and struggles of workers if you are serious about what you say. And if any of you "anarcho-capitalists" want to bankroll the revolution, we could use land, seeds, housing and the ability and knowledge to take care of ourselves. Give the land back to the people, kill the bankers and people will work it out themselves.

Thu, 10/24/2013 - 15:53 | Link to Comment somecallmetimmah
somecallmetimmah's picture

Someday you're going to see what real anarchy looks like.  It's not that jerk-off fantasy where you do monster bong hits all day with diseased hippie-chicks.

Thu, 10/24/2013 - 16:16 | Link to Comment cygamaczer
cygamaczer's picture

That's why I grow my own food. I suppose you're hoarding gold?

Thu, 10/24/2013 - 22:56 | Link to Comment MontgomeryScott
MontgomeryScott's picture

@ 'Say What Again':

I'll only go home and watch Springer if OPRAH and MILEY are on! Can you let me know so I can TIVO this show?

Thu, 10/24/2013 - 14:41 | Link to Comment max2205
max2205's picture

Fuck...people make 3 x that on welfare....fsa takes what it wants, it doesn't pay for anything

13 trillion spent on asst in 3 years....who wants to work....

Thu, 10/24/2013 - 15:10 | Link to Comment Agent P
Agent P's picture

Why wouldn't they suck?  How much should someone earn for swiping bar codes past a scanner?  Speaking of which, if Walmart has 1.3 million employees, why is it that every time I go into one, there are only 5 out of 47 checkout lanes open? 

Thu, 10/24/2013 - 17:03 | Link to Comment FrankDrakman
FrankDrakman's picture

Never worked retail, did you, buddy. Ever been a merchandiser? Stooping to put stuff on the bottom shelf, straining to put it on the top, plus put all the correct price tags on the shelves, and do a whole 4 foot section in two hours. Yeah, it looks simple, but I'd love to see you with a Plan-o-gram and a cart of merchandise in the aisle. It's physical work, and while you're not lifting 50 lb weights, you are on your feet for your entire shift, and you are bending and lifting almost all the time. I ached when I got home. The only reason I stayed was the job was right around the corner and it was all that was available. Once I found something better I was gone.

Still, it's not like you have to be a genius to do it, so I understand why I was paid minimum wage. 30% employee discount helped out, though.

Thu, 10/24/2013 - 19:36 | Link to Comment nightshiftsucks
nightshiftsucks's picture

Wa wa wa.....what a little whiny bitch. There are a lot of jobs tougher that retail,why don't you try working in a busy restaurant.

Thu, 10/24/2013 - 21:07 | Link to Comment SnobGobbler
SnobGobbler's picture

please save some hate for the bankers!    btw... jobs are for suckers...

Thu, 10/24/2013 - 21:28 | Link to Comment Offthebeach
Offthebeach's picture

Roofing
Stripping asphault shingles with a roofing shovel. Pulling the nails. Putting the striped shingles in barrels and lumping them into the dumpster. Then begin lumping up the ice and water; Rino paper, and the 70lb bundles.
Ladders, 16' planks, 100lbs 32' aluminum planks.
Like in Febuary. Morning start temp; 10 or less, Wind 5-10
No work no pay.
Age, 55.
( actually, its not bad once you get in shape. I think of it as getting paid to work out. )
Sleep like a rock.
Hot shower, 2 beers and dinner and its lights out. Every now and then a couple of asprins.
A lot of people my age seem near elderly. Complain about a single flight of stairs.

Thu, 10/24/2013 - 22:01 | Link to Comment pursueliberty
pursueliberty's picture

Not much harder work than lugging shingles, at least not that I've found.  And for the amount of money the guys make.  A local builder pays labor of $30/sq on his 8/12 pitch roofs, supplies everything but the nails.  Hard to compete with that

 

You do sleep good though.

Thu, 10/24/2013 - 23:05 | Link to Comment El Tuco
El Tuco's picture

ya but roofing makes you old and cripple real fast.

Thu, 10/24/2013 - 23:17 | Link to Comment MontgomeryScott
MontgomeryScott's picture

PACE YOURSELF. LEARN your weaknesses, and your strengths. BUILD upon your strengths. LEARN the trade, and MOVE UP, OR AWAY. GENETICS play a part as well.

The average age of a doctor to pay off his student loans is 53. The average age of mortality of a doctor is 56. (Statistics per 1980 United States census data, I believe)  THREE YEARS OF FUN!

In the crash of '29, thirty-something investors chose to take swan-dives off of the highest buildings. In the crash of '08, a popular video was made, regarding the call of the PEOPLE for those same investors to take that fatal plunge. 'Jump, You Fuckers' was based on a sign that was held up in the OWS REAL movement (and went viral).

IF YOU DON'T WANT TO WORK to eat, there's always...WELFARE, you silly man.

Thu, 10/24/2013 - 23:07 | Link to Comment MontgomeryScott
MontgomeryScott's picture

'An honest day's work for an honest day's pay'. I have LIVED by this credo for more than a half-century.

All day, you work WITH your back, beating off those who want to be ON your back (would you leave him there, or beat him off?).

If you're lucky, you go home to someone who wants to be on her back for you, but if not, you get to pay someone else who makes a living ON HER BACK.

A home-cooked meal every now and then, without GMO's...

FUCK the asprin.

 

Fri, 10/25/2013 - 11:08 | Link to Comment Offthebeach
Offthebeach's picture

One of the saving inovations was the Mp3 player, and now the my Android with unlimited web. I either listen to what I want. John Batchelor, Mises lectures...
So, paid to stay in shape, learn outside the propagand flood ..
Weekends? No football/sports~(male Oprah hen fest for dolt anestized consumer proles)......rebuilding the 34' ketch I salvaged out of a estate sale for a grand.
I still have the deisel to rebuild this winter.
Plan B is load the boat with tools, work the coast, the islands ( I've worked stupid money interior trim, frames to grunt roofs. Light electrical and bath/kitichen plumbing. )

Fri, 10/25/2013 - 02:23 | Link to Comment John_Coltrane
John_Coltrane's picture

Roofing is tough, but its a vacation compared to mixing, pouring and finishing concrete or building retaining walls.  But you get so fit if you don't destroy your body that you can't believe it.  Before I got a motorized mixer, I used to mix using a hoe and individual 100# sacks of gravel, sand and portland cement.   Unlike roofing there's no break because the concrete and/or mortar you've mixed starts to set in less than an hour.  If you work by yourself, like I did you have to section large areas just to finish it.   Never been in that kind of shape in my life again, though I work out daily now in my home gym.  Still after over 20 years, no cracks or settling.  Hard work is very satisfying and indeed you do sleep like a log!   

Thu, 10/24/2013 - 22:03 | Link to Comment El Tuco
El Tuco's picture

A working man should never be ashamed. Some folks look at these people in retail like they are subhuman. WTF is the world coming to when people rage at the poor fucker making 8 bucks an hour but the banker and the fucking criminals in Washington fleece the country of trillions....

Walmart doesn't have to raise prices to pay their workers more. They would just rather see the billions pile up in off shore accounts....

Thu, 10/24/2013 - 22:30 | Link to Comment cameldojo
cameldojo's picture

Frank,

   That merchandising job you describe sounds perfect for a after hours robot...

Thu, 10/24/2013 - 22:39 | Link to Comment RafterManFMJ
RafterManFMJ's picture

Of course they promote faster! They suffer worse attrition than the French during WWI. You can pass a drug test and survive more than 4 weeks and you get to run the store.

Thu, 10/24/2013 - 14:28 | Link to Comment alangreedspank
alangreedspank's picture

Doesn't EBT actually bid up prices instead by creating demand that would not be there absent EBT ?

Thu, 10/24/2013 - 14:37 | Link to Comment iDealMeat
iDealMeat's picture

Yes..   Any govt. subsidy will...

Fri, 10/25/2013 - 02:30 | Link to Comment John_Coltrane
John_Coltrane's picture

Could that be the reason for the incredible inflation in education and health care-the most government subsidized areas of the economy?  My mind is blown, my mind is blown.  So, am I correct that competition is the secret to lowering prices?  Could that explain the deflation in consumer electronics prices?  I believe this principle could underlie sound economics!  We must pass this information on to the government so they can end these subsidies (Dept of Education, medicare, medicaid, EBT, TSA) right now!  I believe that would also mean no additional debt would be needed.  Its revolutionary.

Thu, 10/24/2013 - 16:58 | Link to Comment House-of-Cards
House-of-Cards's picture

 

Hey alangreedspank....

Sorry, not only do I NOT agree with that, but you are completely wrong. 

EBT dollars being spent are transfer payments of which our Mafia government takes their cut.  Why would you assume that the taxpayer who furnished the transfer payment $$$ would not spend that money on themselves and their families?

You're drinking too much liberal cool-aid!

Thu, 10/24/2013 - 17:04 | Link to Comment House-of-Cards
House-of-Cards's picture

And who are the 14 numb nuts who agreed with you?  I thought we had a better than average IQ in here.

Thu, 10/24/2013 - 23:34 | Link to Comment MontgomeryScott
MontgomeryScott's picture

The house of Rothchild created the Federal Reserve Act (along with other co-conspirators like the Warburgs, et.al.). The GOAL was the ultimate enslavement of humanity via the engine of fascism, 'the perfect merger of the corporation and the state'.

A certain Banking House now controls the distribution of EBT payments via 'electronic transfers', as 'duly enacted' by the Congress, and signed in to law by the 'president' of the nation in question. This 'Banking house' is guaranteed a stipend in a percentage of every dollar that is distributed, and the workers ('wage-earners') are forced BY LAW to pay the taxes AND INTEREST to substantiate this totalitarian transfer of wealth from those who produce to those who 'choose not to'.

IN FACT, it is to the BENEFIT of this Banking house that MORE (MOAR!) people be enrolled (as they seem to earn one and a half percent on the shrinking value of the fiat currency that they created in the first place), as the 'elected representatives' shit all over themselves, wondering how to gain more (MOAR!) popular support (and, the campaign contributions that they are now reliant on from the entities that caused the enaction of this problem in the first place).

'House-of-Cards'?

REALLY? Do you think that the people here are REALLY 'STUPID'?

The bag avatar suits you.

Thu, 10/24/2013 - 23:57 | Link to Comment Clever Name
Clever Name's picture

Because he's correct, and your point is only valid in theory. I know you dont actually believe that in the real world if the gov decided to cut spending by $300m that everyone would pay $1 less in taxes, right?

Thu, 10/24/2013 - 14:12 | Link to Comment King_of_simpletons
King_of_simpletons's picture

Next up: ObamaPay

Thu, 10/24/2013 - 14:54 | Link to Comment CPL
CPL's picture

Tom Hanks is already on the 2016 bandwagon.

http://www.washingtontimes.com/news/2013/oct/4/tom-hanks-quips-four-more...

Four more years.

Thu, 10/24/2013 - 15:14 | Link to Comment unrulian
unrulian's picture

I'm sure the bigO will have enacted Moarshal law well before 2016 to make the election irrelevant

Thu, 10/24/2013 - 16:08 | Link to Comment CPL
CPL's picture

It's a long way to 2016. 

All sorts of interesting things are happening and as usual, timing is tricky.  It would be about the same as lining up three racks of balls and sinking them all in a single shot.  Not impossible, just highly improbable.

Thu, 10/24/2013 - 23:36 | Link to Comment MontgomeryScott
MontgomeryScott's picture

MOARshal!

A CLASSIC!

Thu, 10/24/2013 - 16:05 | Link to Comment ultraticum
ultraticum's picture

Damn.  I'll never be able to watch another Tom Hanks movie again without holding my nose a little.  If you support this clown, you are at the very least a STATIST FOOL . . . and much worse if your IQ is anything above 75.

 

Is he a full-on retard; or just so thoroughly steeped in PC-lib-media-actors-bullshit that like most Americans today he can't reason his way out of a paper bag?

 

Does the answer to that question even matter?  This country is getting hopeless.

 

Here we go . . . it's BHO for supreme NWO emperor in 2016!

Thu, 10/24/2013 - 21:36 | Link to Comment CPL
CPL's picture

Dunno about that, lots going on externally to make that far of a call.

But when actors start talking politics, it's because someone is paying them to act a part.  Most of the Actors that are 'political' make good money name dropping for whatever lobby group shoves money in their hands.  When you see these guys kissing dogs and whales and whatever, they get paid to do that.  Not a bad thing mind you, everyone needs to get paid.  Keep in mind all the 'off hand' comments 'off camera' are as scripted as the professional performances.

Every writers strike since 2000 has illustrated how any 'live' show is as manufactured a box of cereal sold between commercial breaks.  Even the MSNBC/CNBC/News general, they don't actually know what is going on.  They just parrot what they are told to read, then the actors...pardon news people, get a cracker like good pets.

Thu, 10/24/2013 - 14:26 | Link to Comment RaceToTheBottom
RaceToTheBottom's picture

If you are a techie, it is just like you get a trip to India.  Paid vacation every day in India!!!!  Hi Sanjay, sign me up!!!!

Thu, 10/24/2013 - 14:34 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

Well, considering bitcoins were only about $12 back in January, and now they are pushing $200, I'll take that any day oif the week. I know people in Argentina that would kill to get paid in BTC.

 

But, if you price the minimum wage in 1965 in gold, it would be over $40/hr today if my calculations are correct.

 

Minimum wage (1965) = 1.2 grams of gold.

 

28g/oz. ; $1300/28=$46.

Thu, 10/24/2013 - 14:40 | Link to Comment philosophers bone
philosophers bone's picture

Check if you have the conversion factor right.  I thought that if the conversion factor is from troy ounces, it is about 31 g per oz.   1 Troy Ounce = 31.1034768 Grams?  I defer the experts.

Thu, 10/24/2013 - 14:48 | Link to Comment Uchtdorf
Uchtdorf's picture

Correct you are, sir.

We have some lovely parting gifts for the other contestant.

Thu, 10/24/2013 - 14:56 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

OK. You want accuracy?

Latest spot- $1339.50. 

 

1339.5 / 31.1034768 x 1.2 = $51.67911. 

 

I was trying to make a point. Geeze.

Thu, 10/24/2013 - 16:21 | Link to Comment walküre
walküre's picture

Ah, simple. Just crash gold price down to where one gram is the equivalent to an hours min. wage!

Calling Barrack Yellen.

Thu, 10/24/2013 - 21:05 | Link to Comment johnQpublic
johnQpublic's picture

"Two pounds of wheat for a day's wages, and six pounds of barley for a day's wages, and do not damage the oil and the wine!"

Thu, 10/24/2013 - 14:50 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

What's couple grams between friends?

 

No. it doesn't state.

http://pricedingold.com/charts/minwage-1930.pdf

 

Thu, 10/24/2013 - 14:43 | Link to Comment smlbizman
smlbizman's picture

31.1grms...oz...troy...hell even the dealers know that

Thu, 10/24/2013 - 14:52 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

Not the dealers I deal with, if you know what I mean.

Thu, 10/24/2013 - 15:16 | Link to Comment smlbizman
smlbizman's picture

i think i do know what you mean....find new dealers...15.5 is half, right?...plus the bag

Thu, 10/24/2013 - 22:00 | Link to Comment LawyerScum
LawyerScum's picture

Boy, do I know what you mean. The truth is I'm going to Vegas to croak a scag baron named Savage Henry. I've known him for years but he ripped me off -- and you know what that means, right?

Thu, 10/24/2013 - 15:05 | Link to Comment 2bit Hoarder
2bit Hoarder's picture

$40 plus min wage would be awesome .. to sit back and watch.

Thu, 10/24/2013 - 23:44 | Link to Comment MontgomeryScott
MontgomeryScott's picture

There was this car manufacturer in the CONUS, that got kicked out in about 1980, because it made really crappy cars that the people wouldn't buy.

It seems to have reared it's ugly head once again, in 2013.

BITCOIN reminds me of other scams and other 'popular' 'must-haves' like this particular car company was.

Any guesses as to the name of this company?

(HINT: 'Fix It Again, Tony')

The initials have much in common with the Bitcoin thing. Electronic, made-up money has VALUE, because some PROMOTER SAYS SO (look up the definition of 'FIAT CURRENCY', for further understanding).

Ah...The FIAT X-1-9...

Thu, 10/24/2013 - 15:19 | Link to Comment TaperProof
TaperProof's picture

They could buy TWO obamacare health care plans with $25k,  talking about rich

Thu, 10/24/2013 - 16:52 | Link to Comment DosZap
DosZap's picture

Under the poverty level, and all will likely be getiing major NOoboomba care subsidies.

Thu, 10/24/2013 - 20:11 | Link to Comment MachineMan
MachineMan's picture

That's a lot of overpaid employees.

Thu, 10/24/2013 - 21:22 | Link to Comment Whoa Dammit
Whoa Dammit's picture

Anyone who contributes more to the company that employs them than the equivalent of an illiterate, uneducated, 20 year old un-wed mother who is sitting  at home popping out babies should be paid more than the $57,327 in net income & benefits that a welfare mom  "earns".

Fri, 10/25/2013 - 05:13 | Link to Comment Incubus
Incubus's picture

Women don't need men because the state has supplanted the role of the male/significant other.

We're all virtual suckers being taxed for "single mothers."

Here's a tip:  control your cooch and don't make me fucking pay for what pops out.

 

 

Thu, 10/24/2013 - 14:05 | Link to Comment Dr. Engali
Dr. Engali's picture

The bankers are laughing their asses off right now as they syphon off trillions and the iSheeple are fighting with each other over the scraps.

Thu, 10/24/2013 - 14:12 | Link to Comment gjp
gjp's picture

Ain't that the truth.  An annual wage at Walmart is less than what Bernanke prints every second of the day (without sleeping of course).  $32,800 every second funneled directly to Wall Street so they can retain 'talent' smart enough to tell us plebes why its a good thing coporate America cuts costs by offshoring production and squeezing service wages to the poverty level.

Thu, 10/24/2013 - 14:20 | Link to Comment DaveyJones
DaveyJones's picture

Don't worry, Walmart makes up for it by actually helping their workers apply for government benefits. They're only thinking of us

Thu, 10/24/2013 - 19:01 | Link to Comment El Crusty
El Crusty's picture

yup, thats a big part of the scam too. walmart gets to apply for tax credits for every employee that is getting government benefits.
they pay employees as little as possible and then get tax credits for doing so- double dipping out of the profit cheese dip bowl.
with the tax credits, walmart gets to effectively pay those employees who are on government assistance less than minimum wage with the gov's help.

dontcha love it?

Thu, 10/24/2013 - 14:05 | Link to Comment SkottFree
SkottFree's picture

Negelected to mention promotions were only in China

Thu, 10/24/2013 - 14:05 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

Dear Taylor:

Under your recent article entitled "The Obamacare Debacle: It's Everyone Else's Fault", I could only read the first 3 comments.

Please fix this before I demand a full refund.

Thank you for your time & cooperation, sir.

Thu, 10/24/2013 - 14:11 | Link to Comment Dr. Engali
Dr. Engali's picture

Who is Taylor?

Thu, 10/24/2013 - 14:13 | Link to Comment Tinky
Tinky's picture

Tyler's girlfriend, Taylor Swift.

Thu, 10/24/2013 - 14:19 | Link to Comment rustymason
rustymason's picture

Hubba hubba.

Thu, 10/24/2013 - 14:20 | Link to Comment ronaldawg
ronaldawg's picture

And we respectfully request this be completed before 9:00 a.m. tomorrow.

Thu, 10/24/2013 - 14:19 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

.

 

Thu, 10/24/2013 - 22:05 | Link to Comment LawyerScum
LawyerScum's picture

Obvioulsy he is speaking to the ghost of our beloved 12th POTUS, one Zachary Taylor who now haunts the comment sections of Zerohedge. 

Fri, 10/25/2013 - 05:17 | Link to Comment Incubus
Incubus's picture

Taylor Durden is everyman's post-feminist alter ego.  The idealized person.  A woman.

 

Thu, 10/24/2013 - 14:05 | Link to Comment Groundhog Day
Thu, 10/24/2013 - 14:05 | Link to Comment Antifaschistische
Antifaschistische's picture

Yah, there should be a minimum anual wage not just a minimum hourly wage.   Everyone who works should make at elast $50k per/year.   That will fix everything....oh, + obamacare.

Thu, 10/24/2013 - 14:43 | Link to Comment NOTaREALmerican
NOTaREALmerican's picture

Re:  That will fix everything....oh, + obamacare.

Actually, if the Libertarians (and the "Libertarians") had pushed for a 50k annual wage they could have made the argument that people could afford to buy their own health insurance.

Hell, why not a guaranteed 50k annual wage and eliminate the need for all other government assistance programs?

Thu, 10/24/2013 - 14:06 | Link to Comment fonzannoon
fonzannoon's picture

These fuckers need to demand 50k minimum and free healthcare and pension for life. Then those demands have to work their way up the ladder if we want to get this inflationary party started. Until then it's just bankers printing money and buying everything ins sight. Let's have some fun.

Thu, 10/24/2013 - 14:09 | Link to Comment Magnix
Magnix's picture

Store Manager - $170K??!! Sheesh!

Thu, 10/24/2013 - 14:17 | Link to Comment saltedGold
saltedGold's picture

My friend is a lower level manager in a walmart store.  He doesn't get paid much, but he saw the pay scale for the rest of management.  Store manager range goes way above $170k.  There are oppotunities for people working at walmart, but those are like the top 1% (no pun intended)

Thu, 10/24/2013 - 14:48 | Link to Comment Harbanger
Harbanger's picture

Chain store managers are the new CEO's. 

Thu, 10/24/2013 - 14:50 | Link to Comment philosophers bone
philosophers bone's picture

EXECUTIVE SEARCH:  Chief Executive Officer of Hannah's Lemonade Stand.  Salary negotiable.

Thu, 10/24/2013 - 14:19 | Link to Comment Ignatius
Ignatius's picture

For convincing the peasantry to be happy with $25k/yr.

Thu, 10/24/2013 - 14:21 | Link to Comment rustymason
rustymason's picture

Walmart causes underemployment and destroys small towns. It is part of the Zeitgeist of centralization and efficiency that makes life dull and meaningless and hopeless. Not only are Walmart jobs shit, they are a pipeline to send billion$ to China, and there's damn little residents can do about the situation once a Walmart ship has landed. It has the same family and community busting effect as school district consolidation, health care insurance consolidation, and other government led consolidation. Locals lose all control and feel helpless and then worthless. Ophrah, drug abuse, and suicide follow.

Thu, 10/24/2013 - 14:33 | Link to Comment NotApplicable
NotApplicable's picture

That pipeline to China was constructed by the Federal Reserve.

If you don't understand that... well, go watch Oprah or something.

Nothing survives currency debasement. NOTHING

 

Thu, 10/24/2013 - 15:15 | Link to Comment InflammatoryResponse
InflammatoryResponse's picture

rusty ,

 

that is so true.  one of the first things to take a hit are the local media.  local newspaper, radio.  when wally world comes in tehy don't advertise like Sally's dress shop, and phil's donuts did.   they don't buy ANY local media advertising.  so the local radio station(s) take a hit as well.

 

then the smaller stores close.  places that started out with 5 places to buy a bicycle, end up with 1.  WalMart.

 

then the sponsors for little league teams go under.  it is ugly

 

my uncle lived this in his small town.

 

Thu, 10/24/2013 - 16:18 | Link to Comment flattrader
flattrader's picture

Me and about 9,000 of my friends just murdered a Tax Increment Financed Wal-Mart before it was born.  Took nearly two years and thousands of volunteer hours.

Fight back.  It can be done.

Thu, 10/24/2013 - 22:58 | Link to Comment Antifaschistische
Antifaschistische's picture

agree with you rusty...but this phenomena only works because the Chinese are willing to work very hard for very few US$.   That won't last forever.  When that ends, you will see Wal-Marts closing and the trend reversing.    Americans will have to hit bottom before things change....and then, we are so used to being parasites, that I dont think it will change.  We will end up like England.

Thu, 10/24/2013 - 14:14 | Link to Comment RobCrash
RobCrash's picture

Suppose it would be better if they were on welfare.  AmIright?  How much do you think a stocker deserves to make?

Thu, 10/24/2013 - 14:21 | Link to Comment ronaldawg
ronaldawg's picture

Read the rest of the article - most ARE on welfare.

Thu, 10/24/2013 - 14:28 | Link to Comment Uber Vandal
Uber Vandal's picture

It would appear that Wal-Mart itself is on corporate welfare.

Not to mention the free labor it receives when people use the "convenient" self check out lanes.

 

Thu, 10/24/2013 - 14:58 | Link to Comment g'kar
g'kar's picture

I used the regular check out lanes once and they asked me for ID and my CC. I said "no thanks" and loaded my cart back up and pushed to the self checkout, no ID needed. Looked at her and waved. Idiots.

Thu, 10/24/2013 - 15:07 | Link to Comment rustymason
rustymason's picture

Did you let them frisk you at the Walmart exit check point? Assholes. Walk right past them.  You already paid for that cheap Chinese shit, it's yours, goddammit!

Or better yet, just don't go there at all.

Thu, 10/24/2013 - 19:24 | Link to Comment g'kar
g'kar's picture

Yeah, the exit checkpoints, the dolts following you around, it's like a security zone. They haven't had my business for quite some time. I'll shop at 7-11 before I ever go there again. 

Thu, 10/24/2013 - 16:06 | Link to Comment FrankDrakman
FrankDrakman's picture

I could choose to stand behind the idiots who apparently have never used a debit card before, or take the only item off the shelf missing its bar code, or people who complain to the cashier that they should get half off because the box is crumpled, or whatever. Or, I can go to the self-serve lane, and get out in five minutes. It all depends on what you think your time is worth. I'd rather save ten minutes that I could use doing something I like, or I could stand like a sheep in line. Guess I know where I'll find you.

Thu, 10/24/2013 - 16:20 | Link to Comment flattrader
flattrader's picture

Many of Wal-Mart's stores are built with Tax Increment Financing.  They are the ultimate welfare queen.

Thu, 10/24/2013 - 14:14 | Link to Comment Tinky
Tinky's picture

Pass the Krispy Kreme, mama.

Thu, 10/24/2013 - 14:15 | Link to Comment floyd084
floyd084's picture

Doesnt anyone think of the Waltons? They have every right to be richer!

Thu, 10/24/2013 - 14:15 | Link to Comment NoWayJose
NoWayJose's picture

Do the math - $25,000 per year for a 40 hour work week is less than $12.50 per hour.  If Walmart does not get exemptions from Obamacare, you can bet that the 40 hour week will drop to 28 to 30 hours per week real soon.  This is progress?

Thu, 10/24/2013 - 14:31 | Link to Comment nonclaim
nonclaim's picture

"This is progress?"

Yes, by their definition.

It is well advised to *always* ask what a politician mean when using a word.

Thu, 10/24/2013 - 22:05 | Link to Comment DaveyJones
DaveyJones's picture

and be advised it may change meaning the next week

Thu, 10/24/2013 - 14:37 | Link to Comment NotApplicable
NotApplicable's picture

Sooooo... what you're telling me is that WM pays close to double the minimum wage.

Gee, now why would an evil corp do that?

Thu, 10/24/2013 - 15:04 | Link to Comment Hopeful Skeptic
Hopeful Skeptic's picture

I'm no Walmart apologist, but with your statement you appear to be assuming that everyone who works at Walmart *wants* to work 40 hours per week. I'd be curious to know how many of their employees are students, retirees, parents who want to get some work hours in during part of the school day, etc. - people who *want* a part time job. That could significantly affect an honest interpretation of the data.

Thu, 10/24/2013 - 15:18 | Link to Comment CaptainObvious
CaptainObvious's picture

"This is progress?"

Well, that depends on what your definition of "is" is.

Thu, 10/24/2013 - 14:16 | Link to Comment denverdolomte
denverdolomte's picture

This shit is funny. These types of complaints and desires of uneducated employees, "SIr I offer you no applicable skill set, no experience, no higher education, and best of all I don't put 100% into anything I do. But give me what I think I'm worth."

 

Fuckin' Hell. As of today at 4:30p.m. MST I will have signed my Forced Termination Agreement for a sales gig I have for 6 months because the owners had completely unobtainable sales quotas, which is what sales are turning into, hire and work till you are completely burned out from working 16 hour days and then you get let go. 

Ulike these folks I am not going to complain, shit not even going on unemployment, instead I am lining up better paying job interviews, better job interviews, etc. Our countries work force is going to shit because no one has motiviation or intelligence to succeed in anything....shit even if you work at Walmart, why not bust ass and work your way up instead of complaining you don't make as much?

/rant sorry.

Thu, 10/24/2013 - 14:28 | Link to Comment Bangin7GramRocks
Bangin7GramRocks's picture

So you hustle shit for a living and you think that you are better than retail? 

Thu, 10/24/2013 - 14:40 | Link to Comment denverdolomte
denverdolomte's picture

If selling consulting to big data and IT companies in the ITTRS, MRRS, ET, CF, and SAS fields is hustling I guess that's what I do then.

Better than retail? Good job assuming, granted how would you know of my personal job history. Actually I worked for awhile at Whole Foods Market, started part time for $10/hr stocking shelves. Within 4 months I was offered fulltime and a back up buyer position, within 2 months of that I was offered to become a full time buyer for Whole Foods Market. I've held many jobs in many areas to gain experience and knowledge of different markets and buying patterns. 

I also don't have a college education, called this working hard to get what you want. Not belittling others to get what you want. Shit I used to help the weakest links on any team I have been on regardless of why they were week, cause it's all about growth. 

Thu, 10/24/2013 - 16:30 | Link to Comment walküre
walküre's picture

You're saying that your sales quotas are unobtainable in your current job. It's common as you're being used for a few months before the next guy will be hired to give it "his all" and not succeed either.

However, if you think you can start at WM or other giant corps. and work your way "up" simply because you think you have what it takes, I got news for you. WM is just as smart if not smarter than the current corp. you're working for.

They're all fucking assholes. The top level management lives like the aristocracy at Versailles and engages in games and entertainment all day. They think "let 'em work harder" but nothing will change for you. Their lifestyles financed by the big government scams and other ponzi games. Fuck them. The guillotines will roll again one day.

Fri, 10/25/2013 - 00:37 | Link to Comment denverdolomte
denverdolomte's picture

Agreed. No I walked out on WM to take one another venture back when, that place is a joke. Your right, that's what sales roles have become anymore, turn and burns. 

Thu, 10/24/2013 - 15:02 | Link to Comment bonderøven-farm ass
bonderøven-farm ass's picture

Right on Denver.  I've roughly 6 months left on my contract and I'm giving the energy industry a BIG fuck you exit.  I've been working 70-80/hrs a week since last November.  I enjoyed life much more as a poor serf working the soil on my farm.  I've got to get back to living.  Soil to turn, veggies to dry, and rivers to paddle....

Thu, 10/24/2013 - 22:06 | Link to Comment DaveyJones
DaveyJones's picture

life is short

and it should have meaning

well done

 

Thu, 10/24/2013 - 14:16 | Link to Comment KidHorn
KidHorn's picture

The sad truth is Walmart is a hell of a lot smarter than the rest of us.

Thu, 10/24/2013 - 22:07 | Link to Comment DaveyJones
DaveyJones's picture

you could say the same about Dick Cheney

 

Come to think of it, he was a Walmart greeter in Family Guy

Thu, 10/24/2013 - 14:16 | Link to Comment Critical Path
Critical Path's picture

How many cents on the dollar of Walmarts revenue comes from EBT and other welfare programs?  How much are their employees subsidized by tax payer funded health care?  A statist corporation if there ever was one... if the system ever dies on the vine, so does Walmart.

Thu, 10/24/2013 - 14:22 | Link to Comment alangreedspank
alangreedspank's picture

With 40% of the GDP being government spending, well, that's a lot more than Walmart that would roll over and die.

Thu, 10/24/2013 - 15:56 | Link to Comment FrankDrakman
FrankDrakman's picture

What a doltish comment. How long has Wal-Mart been in existence? How long have we had EBT cards, and how long has it been since more than 10% of Americans used them?

Wal-Mart built itself long before the FSA took over. It won because Sam was willing to pour more money into logistics and systems that his competitors did, and it's still ahead of the curve of any bricks-and-mortar company.

Do lots of FSA members shop at Wal-Mart? OF COURSE. They don't have much money, and it has low prices. Where do you think they're going to shop, Neiman-Marcus? But Wal-Mart was huge before the FSA ever was. You've put the cart before the horse, and as a result, your comment is covered in horse manure.

Thu, 10/24/2013 - 16:33 | Link to Comment walküre
walküre's picture

WM made it big when Americans had easy access to massive credit and jobs were plenty. Since the GFC companies like WM are living on the government teat. That's the point.

WM went to China on the Clinton bandwaggon. Greenspan financed ordinary American's shopping sprees at WM. That's the real "success" story.

Thu, 10/24/2013 - 16:55 | Link to Comment FrankDrakman
FrankDrakman's picture

You know, it only takes a few seconds on google to find out how ignorant you are.

Walmart annual sales 1972: 78.0 MILLION

Walmart annual sales 1982: 2.4 BILLION <- Growth of 30 times in ten years

Walmart annual sales 1992: 43 BILLION <- growth of 20 times in ten years

Walmart annual sales 2002: 202 BILLION <-growth of 5 times in ten years

Walmart annaul sales 2012: 400 BILLION <- growth of 2 times in ten years

Kind puts the argument that their massive growth was due to Clinton/Greenspan/Bush/Bernanke/Chalky to bed; their largest growth came before those frauds were ever in the White House/Fed.

Thu, 10/24/2013 - 17:54 | Link to Comment Harbanger
Harbanger's picture

Here's the growth you should worry about,

US National Debt Growth by years (in Billions)

1972- 427  Billion

1982 $1,142

1992 $6,587

2002 $11,040

2012 $16,356

Thu, 10/24/2013 - 22:51 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

Revenue, sure.  But did Walmart start making money before outsourcing America's manufacturing jobs to China?

Fri, 10/25/2013 - 01:36 | Link to Comment Harbanger
Harbanger's picture

Only a Central Bank makes money.

Fri, 10/25/2013 - 00:29 | Link to Comment walküre
walküre's picture

LOL. Sales increased tenfold from '92 to '12. You gotta admit, building a US corp in 72 with 78 million in sales was ok but it wasn't exactly dinner table conversation stuff. Growing from 43 billion in sales to 400 billion is what made the mega corporation. Their growth would have peaked around the 50 billion mark if it hadn't been for the flood of Chinese made imports and a US consumer eager to fill their house with Chinese made trinkets on borrowed money. The Walmart success story is in direct relation to the end of the American empire. Future historians will inevitably mention Walmart in the footnotes of the American demise for several reasons.

Thu, 10/24/2013 - 14:20 | Link to Comment Hongcha
Hongcha's picture

I spent 15 minutes watching CNN while eating my breakfast burrito.  I was hoping for World Series highlights (did not get it).  I have not watched that much CNN in the past 3 years cumulatively.

I came away with the conclusion that CNN works like putting anti-gas tabets in the after-dinner mints. It's job is to help Amerikans digest what is happening to them.  

My other impression is that it is designed literally for a different species of animal than myself.  There was nothing in any segment that I could be enriched by without possessing a completely different social/political logic and digestive tract; and world outlook and standard.

Thu, 10/24/2013 - 14:29 | Link to Comment Dr. Engali
Dr. Engali's picture

You watch CNN while eating a breakfast burrito and you didn't throw up? Damn you must have a cast iron stomach.

Thu, 10/24/2013 - 14:30 | Link to Comment jemlyn
jemlyn's picture

There is an off button on the TV in case you haven't noticed.  In fact, why do you even have one?

Thu, 10/24/2013 - 21:52 | Link to Comment CPL
CPL's picture

Burning log channel.

Thu, 10/24/2013 - 14:27 | Link to Comment alangreedspank
alangreedspank's picture

Not shocking at all. There are many more low skilled workers than workers working the corporate side of it (buyers, logistics, human ressource, IT, project managers, etc.)

While it's obvious Walmart is sucking the welfare tit, simply pointing to low skilled workers being payed low wages and implying the solution is a pay raise is assinine.

Thu, 10/24/2013 - 14:23 | Link to Comment eddiebe
eddiebe's picture

The 1% crowd figure they are paying the riff-raff too much as it is. Gotta keep'em hungry and grateful for the hand-outs.

Thu, 10/24/2013 - 14:23 | Link to Comment yogibear
yogibear's picture

Bullish for the market. Less pay for workers means more profits. The Cream and money rises to the top 1%.

Thu, 10/24/2013 - 14:26 | Link to Comment william114085
william114085's picture

I like the "LY" instead of p.a...........the dumbing down of America continues

Thu, 10/24/2013 - 14:26 | Link to Comment Seasmoke
Seasmoke's picture

$170,000 for a manager !!!!.....Sam Walton must be spinning in his grave

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