Jackson Jambalaya

Owned.

NYT loves Starbucks because of their lefty positions and upper-class clientele. They hate WalMart because they are red state America and the people that shop there wouldn't fit in at their wine and cheese parties. All the rest is smoke to occlude their contempt for the poor.

Despite all the red ink, Walmart let the guy off the hook on the main flaw in his argument. The idea that raising the minimum wage would help those workers is completely wrong. When the minimum wage is raised the price of everything goes up. So part of any gains they would make is taken away because everything would cost them more. More importantly, the less experienced and less skilled workers are made idle by wage rates artificially set above the level of their productivity. Many of these are young people not only loose the pay they could have made in an entry level job, the loose the higher pay that they could have earned after gaining experience in an entry level job. Suppose that Steve is 17 years old and has never worked before. Because of his total lack of experience, he can only produce at a rate of $4/hr. But the government demands that he be paid $10. A loss of $6/hr to the employer. Bob is an experienced worker who is paid $11/hr and produces that. The company can pay Bob to work overtime and would only loose $5.50/hr in doing so. Moreover, Bob has shown himself to be dependable and the company can increase its chances of keeping Bob for the long run buy being able to provide him with this extra work. So Steve is left looking for jobs and signs up for unemployment. In the long run the country looses, because Steve does not learn how to work, only how to take government handouts. And of course there is also a racial component to this. Before there was a minimum wage in this country unemployment rate for teenagers was quite low no matter their race. As minimum wages gave gown up, teen unemployment has also risen, but more so amoung blacks.

Walmart does what is best for Walmart, neither it's
employees nor the communities it operates in are their
primary focus. In a roundabout way the net taxpayers
do subsidize Walmart's employees. If you want to change
this, one first needs to change US tax and trade policies.
Don't hold your breath though.

I am no fan of WalMart for the damage it has done to mom and pop merchants of Main Street in small town America. But WalMart schooled the NY Times. Despite WalMart's flaws it is clear that the NY Times is far more flawed.

@10:15 AM There is a difference between the words loose and lose. I understand it's a simple mistake. It happens far too often. Overall,everything else in your post seems fairly logical. Good day

I lol'd where it said that Walmart is trying to promote manufacturing in the US. Since Sam's death, WM has been micromanaging manufacturers to cut costs. As a result, most moved out of the US. What a crock of BS from the propagandist.

Walmart could bring back the jobs they caused to move offshore by changing how they manage their suppliers.

Look at the brands they own. How many are made in China? Their tools aren't made in the USA.

So now Kingfish is taking some swipes at the NY Times. Funny how less than a week ago, the Times was one of this website's most respected authorities on the Cochran-McDaniel race.

Hank said,

I am/was a big supporter of mom & pop stores, it was my income as a business consultant. However, can you imagine going to a mom and pop store to purchase a simple potato masher and paying say, $10.00. Something you can now get at Walmart for $ .99? No Walmart alone did not kill mom and pop stores. It took the internet, Walmart and very poorly run mom & pops stores to do that.

We have plenty of mom and pops today but they are call boutiques and they have finally figured out how to beat the system. Just simply move away from their price points and brands. Look around at all the independent stores in the Jackson metro area. The common theme is "price" they are not as cheap as Walmart. Just as a Walmart average customer would not buy from them, boutique customers would not buy from Walmart.

Most mom & pops don't offer benefits, they might pay a little better.

Lets not forget that there are outlets malls full of stores doing business just like Township, Dogwood, Renaissance and Fondren all over the USA so while Wally World get a lot they are by no means getting it all.

I understand why people still buy from Wal Mart – they want to save money. But why anyone would buy this line of bull from their PR department is beyond me.

Notice they don't dispute that they could give each employee a 50% raise and not hurt their share values. I gotta say, my favorite part is how the company is worth $150 billion a year, and bragging about giving $1 billion annually to charity. What's that, like 0.75 percent?

Note to 5:06 the great thing about the USA if you don't like how much money Walmart gives away, what color they paint their stores, or how they spell their name, you can shop elsewhere. And if their employees don't like the pay, benefits, or working conditions, they can work elsewhere. Capitalism works great if the government will just stay out of the way.

10:17; Why the hard-on for Wal Mart. NO corporation, business or fruit stand has the 'good of the community' as it's primary interest. Did you think otherwise. People are in business to make money and that's their primary interest, as it should be. If, in an ancillary fashion, they do things that are pleasing to the community good, that's fine. But, it's also beside the point.

10:15; You make some good points, but, please...it's lose not loose. All words are not phonetically spelt.

June 27, 2014 at 4:06AM --

You started off well, but correcting someone else's spelling when yours is jacked up is sort of funny.

**10:15; You make some good points, but, please...it's lose not loose. All words are not phonetically spelt**