Walmart Announces Bonuses to One Million Employees in Wake of Trump Tax Cut & Raise Starting Hourly Wage
MAKING AMERICA GREAT AGAIN …
In the wake of the President Donald Trump tax cuts, WALMART has announced that it will give one million employees a bonus and raise their starting hourly wage to $11. Trump has started the ball rolling and the businesses as predicted are following.
Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.
The increase takes effect next month and will cost $300 million on top of wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” Chief Executive Officer Doug McMillon said in the statement.
I HAVE BEEN SAYING IT FOR QUITE A WHILE WITH THESE $15 MINIMUM WAGE WHINERS, DON’T ASK FOR THINGS, THEY MIGHT JUST COME TRUE …
Workers at McDonald’s and other fast food industries have been whining lately that they deserve a $15/hr minimum wage. Now it appears that if that happens, the human workers might get replaced by robots. It would seem that that at McDonald’s, a robot staffer is cheaper than a malcontent human one. I bet the robots can make change as well and have a better attitude. Who would have thought they were cheaper? Hmm, I did. For years I have been saying, the more folks whine about getting a “living wage” of $15 per hour, they more they would be replaced by machine.
A former McDonald’s CEO is warning that robots will take over jobs at the huge enterprise – because it’s cheaper than employing humans.
He said that buying highly skilled robotics is cheaper than employing people at the fast food restaurant.
The worrying forecast comes as he warns huge job losses are imminent, and that it’s ‘common sense’ to replace humans in the workplace.
This comes as a study into the future of human employment has predicted a surge in machine-led work such as robotic counsellors, body part makers and virtual lawyers.
The worrying research, by professor of management practice at London Business School, Lynda Gratton, and futurologist David A. Smith, suggests that humans will be replaced because robots are able to produce better results.
I think the exact words of warning to those complaining about wanting their pay to be doubled for doing a job that required little to no skill level was the following. By the way, minimum was meant to be a starter job, not your destination and to afford a home and children.
A note to the “Fight for 15? crowd … DON’T ASK FOR THINGS THEY MIGHT COME TRUE. If this BS is actually passed, all of you making $7.25 will most likely be fired and more competent people worthy of $15/hr will be taking your place. Or, if it were me I would automate the system and completely eliminate your position. How difficult would it be to replace order takers with kiosks both inside and outside to go? And sliding your credit or debit card into a machine to pay like at a gas station? Actually, I am surprised this has not been completely done already.
Lazy, entitled “Fight for 15′ protesters are asked to leave a TACO Bell in Austin, TX where they were hindering someone trying to work ..
What a joke the “Fight for 15″ truly is. If these people actually knew what it was like to work for a living, they might have a shred of credibility. But these entitled, slack-asses would rather protest and interfere with others right to work and do their job. It is an amazing concept that that making the minimum wage do not comprehend the definition of the word minimum. Maybe they should have been paying more attention in school.
A minimum wage was never meant to be a living wage. NEVER! A job with a minimum wage was never meant to be a career nor meant to be a sole full time job for someone who had kids. It was a starter job not something you strive for. The current minimum wage is between $7.25 and $11.00 depending on what state you live in and these clowns want to raise it to $15.00. Really, who thinks that the last person who could not give proper change back at the last fast food restaurant you were in or the lack of courtesy you were provided should have their pay doubled? Just curious … if the minimum pay is made $15, what happens to the people that were making $15/hr, or $20? Are you going to tell em that their wages should not be increased as well where as all of a sudden, people who were only worth $7.25 are now making more they they are truly worth.
A note to the “Fight for 15″ crowd … DON’T ASK FOR THINGS THEY MIGHT COME TRUE. If this BS is actually passed, all of you making $7.25 will most likely be fired and more competent people worthy of $15/hr will be taking your place. Or, if it were me I would automate the system and completely eliminate your position. How difficult would it be to replace order takers with kiosks both inside and outside to go? And sliding your credit or debit card into a machine to pay like at a gas station? Actually, I am surprised this has not been completely done already.
A group of “Fight for 15” protesters invaded a Taco Bell restaurant in Austin, Texas, on Thursday and invited a worker to go on “strike” to demand more money and better working conditions.
The protesters’ message wasn’t well received by the employee, who said she just wanted to do her job.
After one protester informed her it was a “day of action,” the employee responded sharply, “This is also a job that I am trying to do.”
“Y’all are hindering my work, you may leave the building,” she added.
CEO TELLS EMPLOYEES NEW MINIMUM WAGE WILL BE $70, 000 AND IT WASN’T APRIL FOOL’S DAY …
Gravity Payments CEO Dan Price announced to his employees that the new company minimum wage will be $70,000. The stunned employees of the Ballard, Washington based company were mostly likely stunned when they heard the CEO’s words, pinching themselves to make sure they were not dreaming and checking the calendar to make sure it was not April 1st. Good for him and for a CEO to make this decision on his own with no protests of employees demanding $15 an hour. Kudos to the privately owned company and kudos to CEO Dan Price for his brilliant marketing strategy. Although costly in the short run, this will greatly pay off in the long run. The Gravity raise will be phased in over the next few years; however, they will be getting the best and brightest future employees.
Obviously not every boss can do what CEO Dan Price announced and it better works for smaller companies with less employees. Dan Price made $1 M a year and took a pay cut to make it possible that his employees make $70K a year. WOW!!! I do not agree at all that the government should dictate to a business what the minimum wage should be. Those that you hear about in fast food restaurants protesting for $15/hr minimum wage can take a hike. Trying getting more order correct first or being able to make proper change from $15 before you think you deserve it. However, if a private business does it on their own because they think their employees are worth it … more power to them.
Employees at a Seattle company are still trying to wrap their minds around the news their boss just delivered. Some of them are getting a raise.
A huge one.
“You might be making $35,000 a year right now but everyone in here will definitely be making $70,000 a year and I’m super excited about that,” Dan Price, CEO of Gravity Payments in Ballard, told his employees during a recent gathering.
The announcement caught everyone off-guard. Could it be true? $70,000 is the new minimum wage in this office?
Watch the VIDEO below of CEO of Gravity Payments Dan Price explain his reasoning for this move. He is not a socialist and he tells Stuart Varney on Fox Business News that he thinks that he will get a great ROI in the long run. With the fact that this is a small business, I would tend to agree 100%. This is how small business takes on the giants, you pay for talent, hard work and initiative.
CEO cuts $1M salary to pay employees at least $70K
Gallup CEO Jim Clifton … The Official Obama 5.6% Unemployment Rate Amounts to a Big Lie … Tells CNBC He Might “Suddenly Disappear” for Telling the Truth About Unemployment Lie
Well, if Gallup CEO suddenly disappears we will know why …
Gallup CEO Jim Clifton says during an interview with CNBC that he is worried he might “suddenly disappear” and not make it home that evening if he disputed the accuracy of what the U.S. government is reporting as unemployed Americans. How sad is it that many would not put it past the Obama administration to actually retaliate against an American citizen for speaking the truth?
The CNBC interview came one day after Clifton had penned a gutsy opinion piece on Gallup’s web site, defiantly calling the government’s 5.6 percent unemployment figure “The Big Lie” in the article’s headline. His appearance on CNBC was apparently to walk back the “lie” part of the title and reframe the jobs data as just hopelessly deceptive.
Clifton stated the following on CNBC:
“I think that the number that comes out of BLS [Bureau of Labor Statistics] and the Department of Labor is very, very accurate. I need to make that very, very clear so that I don’t suddenly disappear. I need to make it home tonight.”
But after making that opening comment in case he suddenly goes missing, Jim Clifton went on to eviscerate the legitimacy of the cheerful spin given to the unemployment data by the Obama White House and liberal MSMS, stating to CNBC viewers that the percent of full time jobs in this country as a percent of the adult population “is the worst it’s been in 30 years.” Otherwise known as Obama’s Big Lie. Then again, hasn’t the entire Barack Obama presidency been one big lie and scandal after another?
Gallup CEO: 13 Million Jobs Lost – Only 3 Million Created Under Obama
Jim Clifton, Gallup CEO – The Big Lie: 5.6% Unemployment:
Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheer-leading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.
None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.
There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.
Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find — in other words, you are severely underemployed — the government doesn’t count you in the 5.6%. Few Americans know this.
There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.