Man, that GOP/Trump tax cuts for the rich bill just keeps giving the rich more money
Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage
Walmart’s employees will soon reap the benefits of the recent tax law changes, as the company raises its starting wage and distributes bonuses to eligible workers.
The big-box retailer announced Thursday it will be increasing its starting wage rate for hourly employees in the U.S. to $11, and is expanding maternity and parental leave benefits. Walmart also will pay a one-time cash bonus to eligible employees of as much as $1,000.
Currently, Walmart’s starting wage is $9 until workers complete a training program. Then, they receive $10.
The company is also creating a new benefit that provides financial assistance to its employees who are looking to adopt a child, giving them as much as $5,000 per child to cover expenses such as adoption agency fees, translation fees and legal costs.
Huh.
“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” CEO Doug McMillon said in a statement.
“We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders,” he added. “However, some guiding themes are clear and consistent with how we’ve been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology.”
It’s amazing what can be achieved when the money isn’t going directly into the pockets of Government, eh?
Meanwhile, Waste Management is giving 34,000 employees special bonuses of $2,000 each thanks to the tax bill.
No, but, y’see, when it isn’t the government doing it, it isn’t really legitimate, man! When private entities do it it’s because they get something out of it, man! And that’s just greed and it corrupts whatever good may come out of it, MAN!
“Tax cuts for the rich…….â€
Still wondering if that pompous little rich guy gave a “Trump bonus” to his employees or if he’s still just a cheap little whiny bastard.
Why do you think he has employees?
Well, little guy claimed he ran a company and makes oodles of money and we know he has never lied about anything except maybe “joining” the Army back in 1971 and a few other things concerning his grandson and his wife and … uh, … err, … wait, hold on a second…
From the way he writes, I am guessing he is 12-14 and the bigger kids pick on him at school.
So it’s not all good news from Wallyworld.
https://www.msn.com/en-us/money/companies/walmart-abruptly-closes-63-sams-club-stores-lays-off-thousands/ar-AAuzd4Y?li=BBmkt5R&ocid=spartanntp
“The good news is that you make $11 an hour, the bad news is you’re fired!” Thanks, Dotard.
Are you trying to make a point? It’s not even the same chain of stores. The article you link to clearly says they were closing them because they had overbuilt in some areas. They have almost 600 stores. In the real world, it isn’t always about Trump. And the constant name calling just makes you look childish. Adults don’t talk that way.
Professor Hale: Are you trying to make a point?
The point appears to be that the overall gain to workers is negative.
By the way, businesses typically don’t just give money away. The tight labor market is probably a more significant reason for the raises.
Zachriel, Thanks for your reply. But this looks like your interpretation of the events that were reported, not something any reasonable person could tease out of what Jeff wrote. I do appreciate that you were polite and rational. I agree with you that businesses may have lots of ulterior motives about tax cut money, especially tax cut gains that they haven’t realized yet. From the point of view of the employee though, I don’t care why my boss is giving me more money that I wasn’t expecting, I’m just pretty happy he did.
Professor Hale: From the point of view of the employee though, I don’t care why my boss is giving me more money that I wasn’t expecting, I’m just pretty happy he did.
Then, neither would you care why your boss laid you off leaving you with less money than you were expecting. You would just be pretty sorry that she did.
The overall gain to workers is negative.
Yep, it’s Armageddon!
Sell your bullshit somewhere else, kiddiez.
Terrible news in little guy world.
https://www.atr.org/list
Walmart Closes 63 Stores In Response to Republican Tax Cut!
Jeff
That is a really stupid statemt.
Jobs that tRump “saved”… gone baby gone…
https://www.reuters.com/article/us-usa-trump-carrier/more-layoffs-at-indiana-factory-trump-made-deal-to-keep-open-idUSKBN1F02TL
Try to keep up, little guy.
https://www.reuters.com/article/us-fiat-chrysler-investment/fiat-chrysler-to-invest-1-billion-in-michigan-plant-add-2500-jobs-idUSKBN1F034F