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Originally Posted by stekim";p="
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Scott resisted the idea, however, of an across-the-board pay hike for Wal-Mart employees, saying that it would cut too deeply into the company's profit margins.
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So let me get this right: He is for other people raising their wages, but against Wal Mart raising its wages? Ahhhh, OK. |
He states in the article that for them to increase their wages, they would lose their profit margin. If this is true or not, I don't know. Honestly I don't believe it myself, but giving him the benefit of the doubt, hypothetically. He then goes on to predict that if OTHER companies were forced to pay higher wages, that this money would make up the difference for their own workers.
I have to say I agree with this theory. Putting more money into the pockets of people who tend to shop at Wal-Mart will in turn increase total profits even if they are forced to spend more on their staff.
I never said it was a totally selfless call by Wal-Mart, to increase wages Nationally, but you have to hand it to them for putting it out there.