Archive for the 'Low-Wage Capitalism' Category
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 […]
Posted in Capitalism, Employee Free Choice Act, Employees, Employment, Jobs, Low-Wage Capitalism, Organized Labor, Socialism | No Comments »
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… […]
Posted in Charity, Employees, Employment, Low-Wage Capitalism, Walmart Hunger, Walmart Loves Human Misery | No Comments »
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 […]
Posted in Employees, Low-Wage Capitalism, Organized Labor | No Comments »
Thursday, March 1st, 2012
At our most recent Socrates Café (7:30 p.m. ever second Tuesday of the month at the Phoenix Coffeehouse on Mayfield Road in South Euclid) we discussed the question: How much worse is it to do evil than to simply allow evil to occur? In part for the sake of discussion, I took the contrarian position […]
Posted in Economics, Employment, Jobs, Low-Wage Capitalism | No Comments »
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 […]
Posted in Economics, Low-Wage Capitalism, Wall Street | 1 Comment »
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 […]
Posted in Economics, Groceries, Low-Wage Capitalism, Recession | 3 Comments »
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 […]
Posted in Economics, Low-Wage Capitalism | 1 Comment »
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 […]
Posted in Economics, Low-Wage Capitalism, Low-Wage Capitalism | 2 Comments »