Originally posted by Sava
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Forbes: Wal-Mart shoots self in foot, decides health care is good
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I wasn't born with enough middle fingers.
[Brandon Roderick? You mean Brock's Toadie?][Hanged from Yggdrasil]
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I suspect the poor sales trends attribution to poor service for Walmart is overstated. The article is rife with anecdote but little supporting data. More likely is the fact that real wages continue to decline. While Walmart was considered the low end price store and initially was fairly recession proof as upper and middle class started shoppping there, as the real wages continued their decline, shoppers have moved onto even crappier stores like ALDI, Dollar General, Big Lots, thrift stores etc. to meet their needs given their constrained budgets."Just puttin on the foil" - Jeff Hanson
“In a democracy, I realize you don’t need to talk to the top leader to know how the country feels. When I go to a dictatorship, I only have to talk to one person and that’s the dictator, because he speaks for all the people.” - Jimmy Carter
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Originally posted by Ogie Oglethorpe View PostI suspect the poor sales trends attribution to poor service for Walmart is overstated. The article is rife with anecdote but little supporting data. More likely is the fact that real wages continue to decline. While Walmart was considered the low end price store and initially was fairly recession proof as upper and middle class started shoppping there, as the real wages continued their decline, shoppers have moved onto even crappier stores like ALDI, Dollar General, Big Lots, thrift stores etc. to meet their needs given their constrained budgets.“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)
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Which is what made me question the premise in the first place. Nardelli put a virtual freeze on store expansions while his competitors did not. It allowed Lowes et.al. prime real estate for store frachises that canabalized Home Depot sales. I'm not saying poor service doesn't translate to lower sales but the conclusions this article makes are not fact based."Just puttin on the foil" - Jeff Hanson
“In a democracy, I realize you don’t need to talk to the top leader to know how the country feels. When I go to a dictatorship, I only have to talk to one person and that’s the dictator, because he speaks for all the people.” - Jimmy Carter
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I'm not sure what percentage labor costs a lot of these stores had. Years ago when I managed a pizza hut, 20% was our target. Assuming a $2k per employee cost (the penalty for companies that don't offer insurance)... even if employees are making $20k, that's only a 10% increase. Overall, that means labor goes from 20% to 22%... assuming they pay the penalty for every single employee.
I'm sorry, but if the profit margins are that slim, those businesses were in trouble anyways. A 2% cost increase isn't the end of the world. I'm sure the fluctuation in oil prices (affecting fuel costs) is more a disruption than Obamacare would be.
And that's worst case scenario.
Sorry, but the "killing jobs" talking point just doesn't add up.To us, it is the BEAST.
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Originally posted by Aeson View PostMeanwhile, 99.99% of everything sold at WalMart is made by someone who's healthcare consists solely of netting to keep them from going splat on sidewalks ...
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Originally posted by Ogie Oglethorpe View PostWhich is what made me question the premise in the first place. Nardelli put a virtual freeze on store expansions while his competitors did not. It allowed Lowes et.al. prime real estate for store frachises that canabalized Home Depot sales. I'm not saying poor service doesn't translate to lower sales but the conclusions this article makes are not fact based."I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburger
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Originally posted by Sava View PostSo nobody is allowed to complain about anything unless they live in a third world ****hole?"I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburger
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The better comparison to Walmart would be Costco.“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of Man
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Originally posted by Sava View PostI'm not sure what percentage labor costs a lot of these stores had. Years ago when I managed a pizza hut, 20% was our target. Assuming a $2k per employee cost (the penalty for companies that don't offer insurance)... even if employees are making $20k, that's only a 10% increase. Overall, that means labor goes from 20% to 22%... assuming they pay the penalty for every single employee.
I'm sorry, but if the profit margins are that slim, those businesses were in trouble anyways. A 2% cost increase isn't the end of the world. I'm sure the fluctuation in oil prices (affecting fuel costs) is more a disruption than Obamacare would be.
And that's worst case scenario.
Sorry, but the "killing jobs" talking point just doesn't add up.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.
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Originally posted by Colon™ View PostRetail and distribution typically operate on very thin margins. A 2% increase in costs actually sounds like a big deal to me.
That package of toilet paper that costs $9.99... well, now it's 20 cents more! And everyone gets health care!
OH THE HUMANITY
20 CENTS
HOW WILL THEY EVRE SURVIVE?!?!?!To us, it is the BEAST.
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