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Walmart is All Like the Canary in the Minimum Wage Mine. Dude. January 10, 2017

Posted by geoff in News.
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Yeah, so like you ‘member when all the libs were all like “Boo, Walmart, give your employees a raise!” And we were all like, “Liberal dudes, that’ll just mean fewer jobs downstream.” And they were all like, “No way dudes, ‘cuz, like, magic beans!”

So last February Walmart was all like:

The company will boost its minimum wage to $10 an hour from $9. But it’s not just minimum wage workers who are getting raises. The change applies to virtually all of its hourly workers, including some supervisors, which make up the majority of the company’s 1.4 million U.S. workers.

The wage hike will boost a full-time worker’s average hourly wage by 3% to $13.38. Part-timers will get an an average hourly wage of $10.58, up 6%.

But 7 months later they were all like:

Walmart will cut some 7,000 accounting and invoicing positions within its U.S. stores as the discount retailer redeploys workers to improve in-store customer service.

And today they’re all like:

The world’s biggest retailer plans to eliminate hundreds of jobs before the end of its fiscal year on Jan. 31, both at headquarters and regional personnel that supports stores, these people said. Many of the eliminations will affect Wal-Mart’s human resources department, a large team that some senior executives believe should be more efficient or whose duties could be handled by outside consultants, said these people. Other departments could be affected as well, say these people.

So now we’re all like, “Don’t s’pose you dudes see the relevance to minimum wage?”

Comments»

1. Jimbro - January 10, 2017

We’re seeing the effect of a higher minimum wage with a citizen referendum passed in Maine. The “Yes” side won and the result:

“A “yes” vote supported gradually increasing the state’s minimum wage to $12 by 2020, thereafter adjusting the minimum wage with fluctuations in the consumer price index.”

Several businesses have downsized or closed in response to this. Tipped workers are facing major losses by converting to an hourly wage vs tips + lower hourly rate.

2. ChrisP - January 11, 2017

Quite a few restaurants in Seattle, Tacoma, and SeaTac are shutting down.
They were running pretty tight before, with servers & busboys running on tips. Now they are “Funemployed”.
Way to go…


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