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"John Larkin" <jjlarkin@highSNIPlandTHIStechPLEASEnology.com> wrote in
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business with them.
> John
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Did you read the part about Costco in the Slate article? I'd rather doOn Fri, 26 Nov 2004 18:30:57 -0800, "Watson A.Name - \"Watt Sun, the
Dark Remover\"" <NOSPAM@dslextreme.com> wrote:
"James T. White" <SPAMjtwhiteGUARD@SPAMhal-pcGUARD.org> wrote in
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"John Larkin" <jjlarkin@highlandSNIPtechTHISnologyPLEASE.com> wrote
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That makes no sense. Employers compete for employees from a
common
pool of available workers, and they use wages and benefits to
convince
people to work for them and to stay. Wal-mart can't just decide
to
pay
arbitrarily low wages; they can only get workers by offering them
a
better deal than they could get somewhere else. I noticed that
most
of
the Wal-mart floor workers were either very young or very old;
both
are probably grateful for having a better job than anybody else
offered them.
John,
What makes you think they can't just decide to pay a substandard
wage?
That is
exactly what Walmart does to their suppliers by setting arbitrarily
low prices
they are willing to pay for goods. When suppliers couldn't go that
low on goods
manufactured in the US, Walmart was very quick to suggest moving
the
manufacturing offshore. As far as Walmart is concerned, labor
costs
are just
another cost to be minimized.
Exactly. Read this article, and look past the political diatribe, to
the stats.
http://slate.msn.com/id/2104988/
I quote:
"The average wage at Wal-Mart, which has no unions and bitterly
opposes
raising the minimum wage, is lower than Costco's lowest wage.
Turnover
at Wal-Mart, according to the Economist, is 44 percent, meaning it
"has
to hire an astonishing 600,000 people every year simply to stay at
its
current size.""
McDonalds has an even larger turnover, something incredible like 300%
per year. That makes WalMart and McDonalds, in effect, into
entry-level job-training organizations. So a kid can get a low-paying
job there, learn some work skills, get some references, and move on to
a better job. Doesn't sound all that anti-social to me.
Really, the market works pretty well, or at least a lot better than
anything else. If there weren't willing customers and willing
employees, WalMart wouldn't have grown from nothing. The customers and
employees created WalMart, not the other way around.
business with them.
> John