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#1
11-30-2005, 04:19 AM
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Re: F*** you, Wal-Mart
I saw a glimpse of the power of the marketplace coming back from a Thanksgiving trip. A Walmart in Louisiana was begging to pay people $9.50 an hour or more if you have experience. The Wendy's was closed at 6:00 PM because they were begging for workers too. There was a sign up in the window offering $250 per week in bonus pay for people willing to come to work.
Why are they paying unskilled labor so much? Because the hurricane chased most of them away and now there is a huge shortage. Supply and demand work every time. 
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#2
11-30-2005, 08:56 AM
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Re: F*** you, Wal-Mart
Hows it working if all that beggings going on?
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#3
11-30-2005, 09:51 AM
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Re: F*** you, Wal-Mart
[ QUOTE ]
Hows it working if all that beggings going on? [/ QUOTE ] What's your solution? Grab some people off the street and bus them down there to flip burgers for "the greater good"?
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#5
11-30-2005, 10:20 AM
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Re: F*** you, Wal-Mart
[ QUOTE ]
What's your solution? Grab some people off the street and bus them down there to flip burgers for "the greater good"? [/ QUOTE ] The solution is to offer a bigger wage. Why are they not doing this?
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#6
11-30-2005, 11:23 AM
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Re: F*** you, Wal-Mart
Maybe Wendy's doesn't make enough money to justify higher wages. Thier profit margins are thing. At $10/hour it may be unprofitable to operate the business. As such they will probably close down eventually.
Ironically, it seems Wal Mart has put the low wage payer out of business here.
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#7
11-30-2005, 11:53 AM
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Re: F*** you, Wal-Mart
[ QUOTE ]
Maybe Wendy's doesn't make enough money to justify higher wages. Thier profit margins are thing. At $10/hour it may be unprofitable to operate the business. As such they will probably close down eventually. [/ QUOTE ] No, I don't think that's it. [ QUOTE ] Ironically, it seems Wal Mart has put the low wage payer out of business here [/ QUOTE ] Ironic for whom?
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#8
11-30-2005, 12:51 PM
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Edited and Updated
"No, I don't think that's it."
Why? According to wendy's financial statements (taking the most profitable of the last 3 years) weny's profit margin is about 10%. Operating costs, which are largely non-management labor, shaved 20% off of profit margins. A 50% increase in pay (say from $7/hour to $10.50/hour would completely wipe out thier profits).
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#9
11-30-2005, 09:52 AM
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Re: F*** you, Wal-Mart
[ QUOTE ]
[ QUOTE ] I saw a glimpse of the power of the marketplace coming back from a Thanksgiving trip. A Walmart in Louisiana was begging to pay people $9.50 an hour or more if you have experience. The Wendy's was closed at 6:00 PM because they were begging for workers too. There was a sign up in the window offering $250 per week in bonus pay for people willing to come to work. Why are they paying unskilled labor so much? Because the hurricane chased most of them away and now there is a huge shortage. Supply and demand work every time. [/ QUOTE ] Hows it working if all that beggings going on? [/ QUOTE ] That's *how* it's working.
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#10
11-30-2005, 10:16 AM
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Re: F*** you, Wal-Mart
So for supply and demand to be working, one side must be begging? Why are they not increasing the wage offered if they can't get the workers?
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