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Originally Posted by evilboy
(Post 1588160)
You math is super wrong here.
1,530,000 mil employees/10500 stores = @146 employees/ store. 10,770,000 mil profit per store/146 employees per store = $73,767 dls profit per employee annually (not $738.56 you stated). And again PROFIT, After ALL operational expenses paid. Your numbers. On a related note, Walmart numbers in the US only: Wal-Mart Company Statistics | Statistic Brain Just stating facts here. Nothing else. The "me" mentality and the greed is what has this country in ruins. We do not need people defending "big business" or greed We need people defending the weak, the poor and the abused Enough with paying starving wages in the name of free business and other bs. Enough with more and more profit no matter what the cost for the ones at the bottom. Enough with more and more pay to management and less and less to the employees. |
Originally Posted by HermannGraf
(Post 1588237)
Thank you for taking the time to correct those numbers and the attempt from that person to make it sound like big business is fair.
The "me" mentality and the greed is what has this country in ruins. We do not need people defending "big business" or greed We need people defending the weak, the poor and the abused Enough with paying starving wages in the name of free business and other bs. Enough with more and more profit no matter what the cost for the ones at the bottom. Enough with more and more pay to management and less and less to the employees. |
Originally Posted by Sum Ting Wong
(Post 1588243)
Who's going to decide how much money you're allowed to make? There has been & always will be "income inequality". Income inequality is "boob bait for bubbas" The real problem is lack of economic growth and the attendant job opportunities that come from economic growth.
It's a matter of dignity, honor and Christianity to care about the weakest and the least fortunate The ones at the top do not need more The ones at the bottom need your help, they are already working full time.......and not making it |
Originally Posted by HermannGraf
(Post 1588237)
Thank you for taking the time to correct those numbers and the attempt from that person to make it sound like big business is fair.
The "me" mentality and the greed is what has this country in ruins. We do not need people defending "big business" or greed We need people defending the weak, the poor and the abused Enough with paying starving wages in the name of free business and other bs. Enough with more and more profit no matter what the cost for the ones at the bottom. Enough with more and more pay to management and less and less to the employees. Sir, my respect and admiration to you. |
Originally Posted by evilboy
(Post 1588160)
You math is super wrong here.
1,530,000 mil employees/10500 stores = @146 employees/ store. 10,770,000 mil profit per store/146 employees per store = $73,767 dls profit per employee annually (not $738.56 you stated). And again PROFIT, After ALL operational expenses paid. 10+ million profit per store X 10,000+ stores would be over 100 Billion in profit. Walmart doesn't make that much profit. http://money.cnn.com/magazines/fortu...hots/2255.html 15 Billion in profit divided by 10,500 stores is about 1.4 million per store. Just pointing out the math. I have no other points to make and I can understand both sides of the argument here. |
Originally Posted by Sum Ting Wong
(Post 1588243)
Who's going to decide how much money you're allowed to make? There has been & always will be "income inequality". Income inequality is "boob bait for bubbas" The real problem is lack of economic growth and the attendant job opportunities that come from economic growth.
The "real problem" is that the "lack of economic growth" stems from the lack of decent well paid jobs. The upper 10% have managed to continue increasing their piece of the pie, by cutting or freezing pay and benefits for the other 90%. This stagnation/shrinkage of income for those not in the top tier has resulted in slower growth as many struggle just to make ends meet. Thereby causing the feds attempt to artificially stimulate the economy with "cheap money", and allowing people with no extra cash to go further into debt to allow them to make purchases, in the hope this cause economic growth(and not just runaway inflation down the road). |
Originally Posted by HermannGraf
(Post 1588237)
Thank you for taking the time to correct those numbers and the attempt from that person to make it sound like big business is fair.
The "me" mentality and the greed is what has this country in ruins. We do not need people defending "big business" or greed We need people defending the weak, the poor and the abused Enough with paying starving wages in the name of free business and other bs. Enough with more and more profit no matter what the cost for the ones at the bottom. Enough with more and more pay to management and less and less to the employees. The idea that "it's just business" is not a valid excuse for a complete lack of moral compass. The free market system does not relieve you of your responsibility as a human being.
Originally Posted by Paid2fly
(Post 1588274)
The "real problem" is that the "lack of economic growth" stems from the lack of decent well paid jobs. The upper 10% have managed to continue increasing their piece of the pie, by cutting or freezing pay and benefits for the other 90%. This stagnation/shrinkage of income for those not in the top tier has resulted in slower growth as many struggle just to make ends meet. Thereby causing the feds attempt to artificially stimulate the economy with "cheap money", and allowing people with no extra cash to go further into debt to allow them to make purchases, in the hope this cause economic growth(and not just runaway inflation down the road).
If you want to stimulate the economy, you have to actually work to change the average person's financial well-being. A handful of wealthy people can't stimulate the entire economy. A rising tide lifts all ships, but you can't afford a raft, all you do is drown. |
Originally Posted by Likeabat
(Post 1588273)
Something doesn't add up here. .
10+ million profit per store X 10,000+ stores would be over 100 Billion in profit. Walmart doesn't make that much profit. Wal-Mart Stores - Fortune 500 - WMT 15 Billion in profit divided by 10,500 stores is about 1.4 million per store. Just pointing out the math. I have no other points to make and I can understand both sides of the argument here. |
The free market system does not relieve you of your responsibility as a human being. And, that is why we don't have totally Free Markets...they are all constrained by various factors, including government regulations and criminal laws and investigative bodies. The question is, how much regulation is the correct amount? I think that the US is going too far towards the Free Market, and allowing the 1%, and especially the top of the 1%, to wield too much power. Many of them are screwing others for their benefit, and too many times doing it legally, but immorally. One example of illegal but immoral, would be to pay enough money to our Congress and other government officials, to get laws changed so that previously illegal actions are now legal. Then, they can legally take advantage of others for their own personal gain. This is WRONG! The more a government is corrupt, the worse off the country is, as a whole. The three most corrupt countries on earth are North Korea, Somalia and Afghanistan. I would not want to live in those countries. The least corrupt countries are the Scandinavian countries. |
Originally Posted by atpcliff
(Post 1588724)
I think that the "Free Market" system DOES relieve you of any responsibility to anyone other than yourself.
And, that is why we don't have totally Free Markets...they are all constrained by various factors, including government regulations and criminal laws and investigative bodies. The question is, how much regulation is the correct amount? I think that the US is going too far towards the Free Market, and allowing the 1%, and especially the top of the 1%, to wield too much power. Many of them are screwing others for their benefit, and too many times doing it legally, but immorally. One example of illegal but immoral, would be to pay enough money to our Congress and other government officials, to get laws changed so that previously illegal actions are now legal. Then, they can legally take advantage of others for their own personal gain. This is WRONG! The more a government is corrupt, the worse off the country is, as a whole. The three most corrupt countries on earth are North Korea, Somalia and Afghanistan. I would not want to live in those countries. The least corrupt countries are the Scandinavian countries. |
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