Article

2016-04-12 Economy

Stockman: Jabbering On The Edge Of A Live Volcano

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Posted by badanov 2016-04-12 00:00|| || Front Page|| [5 views ] Top

#1 Walmart is the largest employer in most states. They announced for the first time in 45+ years that they had a decline in revenue. Raising the minimum wage on the largest minimum wage employer with shrinking revenue will not create a positive impact to the economy.

Posted by Airandee 2016-04-12 06:29|| 2016-04-12 06:29|| Front Page Top

#2 ...and so fewer people will be employed, thus fewer people at the lower end of the economic ladder will be able to buy at Walmart. Walmart has closed a number of stores to become more efficient. Those stores generally are in low income areas and thus the very people who need access to low price goods will lose access. Smaller 'mom and pop' stores will probably fill the void but with higher overhead with the usual losses and thus higher prices (till they get burned out at the next ~~insurrection~~ riot). Higher prices wipe out any gain in minimum wage. This is known in the Lefty circles as 'helping the poor'. Don't you feel virtuous?

Posted by Procopius2k 2016-04-12 08:22|| 2016-04-12 08:22|| Front Page Top

The gov't stores will survive. Some goegraphic shifting possibly, but not closure.

Posted by Besoeker 2016-04-12 08:52|| 2016-04-12 08:52|| Front Page Top

#4 You can't trash the poor without being called a racist, elitist pig but you can trash Wal*Mart shoppers and be praised for it in Liberal circles. No point, I just think that's interesting.

Posted by rjschwarz 2016-04-12 11:20|| 2016-04-12 11:20|| Front Page Top

#5 Wow and I and everyone else thought Neo-Marxist Central banks setting prices throughout the whole economy by manipulating the price of credit would finally work, this time.
/sarcasm.

Posted by Bright Pebbles 2016-04-12 13:28|| 2016-04-12 13:28|| Front Page Top

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