11-01-2005, 10:21 AM
|
|
Guru
|
|
Join Date: Oct 2005
Location: Ottawa County, Ohio
Age: 46
Posts: 4,935
|
|
Hmm.
Quote:
Originally Posted by The12thMan";p="
Ah, theo, but you forget. Using Scott's logic about poor people, um excuse me, "people of modest means" spending their money at Wal-Mart, we would have to conclude that if he gave his employees (most of whom are people of modest means) a raise, much of the raise would be spent at Wal-mart. So, if he gave his employees a $1.00 an hour raise, his cost would only be 3.4 billion, BUT his sales would increase to compensate.
So what's he afraid of? I mean if he truly believes what he's saying.
|
First of all, it's not necessarily immediately obvious that a Wal Mart employee with a $1/hr raise is going to increase his spending budget at Wal Mart by $2,000/year. |