Robert Reich Offers Advice To Walmart CEO
Click here for reuse options!As you know, your recent performance is disappointing Wall Street. You announced yesterday that, in the face of another quarter of sluggish profit and sales and flat or declining same-store sales, your full-year profit will be lower than what you had forecast. This is because (1) your customers don’t have enough money to keep up their buying, and (2) your competitors – dollar store chains, for example – are luring some of them away.
If you supported an increase in the federal minimum wage, you’d (1) put more money in the pockets of your customers, which would boost your sales, (2) force your smaller competitors to pay their employees more, which will be a bigger drain on them than on you, relative to sales, and (3) buy you some good PR to boot. This would be good for your bottom line. It would also be good for the country.
Copyright 2014 Liberaland
By: Dave
Dave is the webmaster of StrangerAmerica.com, a website devoted to the greatness that is Dick Cheney.
He is also the creator of RonnieReagan.com, a site devoted to a man considered by some to have been one of the better B-grade actors to portray a U.S. president.
You will find the complete writings of Dave at LookAmerica.com, including his quest for the perfect meatball and his encounters with Pat the Nazi and the Psycho Dentist.
16 responses to Robert Reich Offers Advice To Walmart CEO
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Red Eye Robot August 14th, 2014 at 11:28
” force your smaller competitors to pay their employees more, which will be a bigger drain on them than on you, ”
For a decade or more the left has demonized walmart for driving local business out with this same tactic on pricing. Now they are all for it. In addition it is a tacit admission that increasing the minimum wage will in fact harm small business and put people out of work
Abby Normal August 14th, 2014 at 11:35
Costco pays their employees almost $22 per hour with benefits. It’s not a strain on Costco at all – it’s good business. They’re thriving. Anyone who has shopped at Walmart and Costco knows which store is the better place to shop. There’s no comparison. Costco employees are happier and more satisfied with their jobs. They’re knowledgeable and happy to help their customers.
Instead of offering health insurance to their new employees, Walmart helps them sign up for Medicaid.
Your argument, Red Eye Robot, is completely with merit.
Red Eye Robot August 14th, 2014 at 19:27
isn’t that special, It doesn’t address what Reich proposed, using higher wages to drive small business out of the market and putting low wage unskilled people out of work but it is special.
MIAtheistGal August 14th, 2014 at 12:58
He was speaking in the only language walmart understands: Greed
Red Eye Robot August 14th, 2014 at 19:21
Actually he was saying what we all know to be true. Liberals don’t give a damn that their policies harm the people they supposedly wish to help. . Supporting the minimum wage increase when you know it will cause business’ to fail in turn causing workers to lose their jobs.is despicable, Encouraging said behavior by some retailers as a way to distort markets is fascism
fancypants August 15th, 2014 at 21:49
walmart didn’t become the top retailer in the world without knocking out the small businessman in each neighborhood they chose to stick a silver shovel in.
Your a decade late with the peter pan advise slick
Red Eye Robot August 14th, 2014 at 11:28
” force your smaller competitors to pay their employees more, which will be a bigger drain on them than on you, ”
For a decade or more the left has demonized walmart for driving local business out with this same tactic on pricing. Now they are all for it. In addition it is a tacit admission that increasing the minimum wage will in fact harm small business and put people out of work
Abby Normal August 14th, 2014 at 11:35
Costco pays their employees almost $22 per hour with benefits. It’s not a strain on Costco at all – it’s good business. They’re thriving. Anyone who has shopped at Walmart and Costco knows which store is the better place to shop. There’s no comparison. Costco employees are happier and more satisfied with their jobs. They’re knowledgeable and happy to help their customers.
Instead of offering health insurance to their new employees, Walmart helps them sign up for Medicaid.
Red Eye Robot August 14th, 2014 at 19:27
isn’t that special, It doesn’t address what Reich proposed, using higher wages to drive small business out of the market and putting low wage unskilled people out of work but it is special.
MIAtheistGal August 14th, 2014 at 12:58
He was speaking in the only language walmart understands: Greed
fancypants August 15th, 2014 at 21:49
walmart didn’t become the top retailer in the world without knocking out the small businessman in each neighborhood they chose to stick a silver shovel in.
Your a decade late with the peter pan advise slick
tiredoftea August 14th, 2014 at 12:29
Unfortunately, I doubt that Walmart’s CEO will take his advice any time soon.
tiredoftea August 14th, 2014 at 12:29
Unfortunately, I doubt that Walmart’s CEO will take his advice any time soon.
RioBravoHombre August 14th, 2014 at 13:05
Here in west Texas, folks who get hired at Walmart are given the paperwork needed to apply for government assistance of every type, including health coverage. If walmart fails to pay a living wage, and refuses to provide employee health care coverage, why should the taxpayers be forced to subsidize them? A group of BILLIONAIRES whose business plan is entirely based on the government to cover the wages and insurance they are too disgustingly greedy to provide should not exist. Walmart is the biggest purveyor of Chines, shitty products in the country, their profits are obscene, and they shit on their employees. I piss on the Walton family from the highest possible point.
RioBravoHombre August 14th, 2014 at 13:05
Here in west Texas, folks who get hired at Walmart are given the paperwork needed to apply for government assistance of every type, including health coverage. If walmart fails to pay a living wage, and refuses to provide employee health care coverage, why should the taxpayers be forced to subsidize them? A group of BILLIONAIRES whose business plan is entirely based on the government to cover the wages and insurance they are too disgustingly greedy to provide should not exist. Walmart is the biggest purveyor of Chines, shitty products in the country, their profits are obscene, and they shit on their employees. I piss on the Walton family from the highest possible point.
tiredoftea August 14th, 2014 at 13:27
Wow! You can piss from Mt. Everest? But, seriously folks, Walmart represents approx. 11% of our GDP. They have taken the socialization of benefits to entirely new levels of repugnance. Stand aside, let’s piss on them together.