Archive for the 'Low-Wage Capitalism' Category

RIGHT TO WORK BE EXPLOITED…

Saturday, March 21st, 2015

Right-To-Work advocates have wet dreams about sweat shops in Bangladesh and work gangs in the antebellum South. Without organized labor there would be no 40-hour work week, there would be no lunch hours or bathroom breaks. If union members hadn’t fought and died for what was right, there would be no over-time pay or pensions […]

PETS OVER PEOPLE WORKERS…

Monday, February 9th, 2015

I love my four dogs and one cat. I get very upset about stories of abused animals. I know that people down on their luck will sacrifice their own health to feed their pets. When the Bentonvile Behemoth makes a donation of pet supplies to an event for those without a permanent address, however well… […]

WALMART SQUEEZES BACK AT WAGE LAWS…

Friday, January 2nd, 2015

Yesterday, while most people were celebrating the arbitrary beginning of a new year, Walmart dealt with those dastardly idiots who dare to legislate an increase in the minimum wage by indexing up the wages of those at the bottom of the Walmart ladder—granted, that is a lot of people—and squeezing the relative wages of those […]

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Thursday, March 1st, 2012

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WHY THE ECONOMY IS BROKEN…

Tuesday, August 17th, 2010

I’ve repeatedly used variations of the statement that a corporation exists only to increase shareholder value and that nothing else matters if it conflicts with this principal. Goldman Sachs’ story on Walmart’s expected earnings report is instructive. From BenZinga: In a company note, Goldman Sachs analysts wrote that Wal-Mart “could get a lift on 3Q […]

WALMART HIKES PRICES 65 PERCENT…?

Monday, August 16th, 2010

A week ago I wrote about how a JPMorgan study found that a tracked basket of good from Walmart had risen in price 5.8 percent during June. A follow-up examination of the data shows that the bounce was much greater than it first appeared. From Daily Finance: [T]he price of a 32-ounce bottle of Windex […]

DO YOU MAKE MORE THAN $250,000 A YEAR…?

Thursday, July 22nd, 2010

If you do, you’re part of the problem and not part of the solution. When I first say the above graph I was going to link it to my staycation post, but after consideration, I realized that the chart and Lane Kenworty’s post demanded separate treatment. From Consider The Evidence: The chart shows average inflation-adjusted […]

WHERE LOW-WAGE CAPITALISM GOES…

Thursday, July 22nd, 2010

At one level, I do appreciate how spending time home with your children doing craft projects is better than a trip to Disney World, but the reality is that when both parents work, this just isn’t going to happen. That is the dark side of Walmart’s choice of video. As worker’s wage continue their post-’60s […]