"Walmart’s Low Wages Are Causing the Company’s Profits to Collapse"

[applegrove]

Walmart’s Low Wages Are Causing the Company’s Profits to Collapse

by Sarah Jones at Politicus USA

http://www.politicususa.com/2013/08/21/trickle-up-walmarts-wages-causing-company-collapse.html

"SNIP..........................


Corporate profits have finally pushed labor off the cliff. The disparity has been growing since the great depression, and it’s reached the point now where working Americans can’t make it fly anymore. We have no Bush bubbles (tech, housing) to cushion us from this reality anymore. Until corporate America starts putting some of their profits back into labor, labor isn’t going to have the money to buy corporate America’s stuff.

Just like corporate America threatens workers with moving offshore for cheap labor, the American worker can now tell American corporations sorry, but a) I don’t have the money and b) I can get it cheaper in China off the Internet, or c) I can buy it at Costco.

I guess workers are good for something after all in the paradigm of the sociopathic corporation. They always promised us the goodies would trickle down. Of course, they never did. Instead, the starving of the middle class is finally trickling up. It couldn’t happen to more deserving people.


.........................SNIP"

[mick063]

1. I hope Walmart flushes down the toilet.

I attempt to tell every person I know to avoid the place.

The talking points for the argument are well documented.

[napoleon_in_rags]

2. Ethics are good. They are timeless. They work.

Money is useful insofar as it is a reward for the creation of wealth by an individual, either in terms of products or services. However, when an entitled class declares itself worthy of vast amounts of money just by their existence, and finds a way skim it off the backs of those who actually create the wealth, it will always lead to ruin. Labor and wealth production become pointless, and the only goal in the eyes of the clear seeing is to become a part of that class who is entitled to wealth just by existence, as those who do this imagine themselves to be... The world turns away from work and toward manipulation.

Ultimately, the exploited must, in order to survive, embrace self interest as a means to survival, and this leads to actions which ultimately undermine the non-producing entitled class, and against the well being of the nation which allowed this situation to exist in the first place.

Peace!

[TheDebbieDee]

3. Ms Jones has it right when she writes:

"Until corporate America starts putting some of their profits back into labor, labor isn’t going to have the money to buy corporate America’s stuff."

This paraphrases what I've been asking myself since the mid-90s: How are we supposed to get the money (disposable income) to buy all the $hit they're making and selling? You would think that all those MBAs running corporate America would be able to think far ahead enough to ask themselves exactly that question!

[Mnemosyne]

5. Read my sigline, DebbieDee.

It hasn't made sense in years. Corps expect loyalty, and have not one iota of it in any of their CEOs.

[bluestate10]

7. Henry Ford had issues with his views on the intelligence of Blacks and Whites of his day. But

on the issue of paying employees good wages so that they could buy products his company built, he was way ahead of business people of his day.

[tavalon]

4. As it should be

[TheMastersNemesis]

8. A Fortune 500 CEO Said Corporations Don't Need American Anymore .

The same CEO said that Asia, China and India are the new markets. They will crate new middle classes there.