The Dow Jones Industrial Average snapped a four-day winning streak, tumbling 142.97 points, or 1.14 percent, to finish at 12,411.23. H-P [HPQ 21.41 -0.76 (-3.43%) ] and BofA [BAC 7.28 -0.28 (-3.7%) ] led the laggards, while AT&T [T 34.59 0.04 (+0.12%) ] gained.
Must be the conservative shortsighted mentality....if the stock market drops...horrors, must be an impending depression, everybody worry! If we have a cold, snowy day....look there is no global warming. You can't see beyond the nose on your face twinny.
FredHayek wrote: The funny thing about her stock holdings? If Wal-mart wasn't managed properly those billions would vanish as investors dumped the stock.
Just so. The majority of her net worth is tied to the financial health of the family business.
Walmart could, if they wished, employ fewer people and employ them full time I guess - which would make the situation that the food stamp families worse than it already is. Wal-Mart is not responsible for the life decisions that their employees have made with regards to family size, education level, functional grade level for basic life skills, the skill set that they bring to the job with them and a host of other things. It doesn't take someone with a doctorate degree to stock shelves, run items over a scanner at the point of sale or to keep the store clean and bright. Minimum wage pay is for minimum skill jobs - which is exactly what the majority of jobs at Wal-Mart are - unskilled labor jobs. Unskilled labor will never be paid very well. The idea here is to enter the job market and build your skills so that you become more valuable to the employer, who will then pay you more. If the employer is unable to find a suitable workforce at the wage they are paying, they will either leave that market or opt to offer a higher wage in an effort to attract the work force they desire. If you have no ambition beyond stocking shelves, you will never advance very far regardless of who employs you.
Wal-Mart is willing to let their trained employees leave for higher paying jobs in order to maintain their business model. No one has to work for Wal-Mart at a wage that qualifies them for food stamps, it is a choice, a free choice, that the employee makes when they agree to trade their labor in exchange for that wage. This is, after all, a fairly free union still. Indentured servitude is prohibited - no one can force you to take a job for less money than you feel you are worth.
archer wrote: Must be the conservative shortsighted mentality....if the stock market drops...horrors, must be an impending depression, everybody worry! If we have a cold, snowy day....look there is no global warming. You can't see beyond the nose on your face twinny.
And you can't bother to read the other comments and links to the lousy economic data on this thread, or else you would have had at least 4 pieces of facts to blow off. You're not trying very hard.
PrintSmith wrote: Wal-Mart is not responsible for the life decisions that their employees have made with regards to family size, education level, functional grade level for basic life skills, the skill set that they bring to the job with them and a host of other things. It doesn't take someone with a doctorate degree to stock shelves, run items over a scanner at the point of sale or to keep the store clean and bright. Minimum wage pay is for minimum skill jobs - which is exactly what the majority of jobs at Wal-Mart are - unskilled labor jobs. Unskilled labor will never be paid very well. The idea here is to enter the job market and build your skills so that you become more valuable to the employer, who will then pay you more. If the employer is unable to find a suitable workforce at the wage they are paying, they will either leave that market or opt to offer a higher wage in an effort to attract the work force they desire. If you have no ambition beyond stocking shelves, you will never advance very far regardless of who employs you.
That is exactly right PS
You are wasting your time though. Most on the left will read that and never "get it".
In their world, the worker is not a generic low skilled laborer, instead they have joined the profitable Walmart corp., jumped on the bandwagon, and are therefore entitled to a share of the profits and wealth. They wouldn't think the same if the worker was at a "mom and pop" hardware store doing the same work, making the same wage.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
