people may say "WOW 15 BILLION WHY DOESNT WALMART INCREASES WAGES"

sure they could, but Walmart has other things to do besides that

Retarded niggas be like “why don’t I get more money for pushing buttons on a cash register”

Amazon and Target are not sitting still, it's a competition they're all constantly improving so that means if Walmart wants to stay running they need to do R&D

opening new stores and new logistics also costs money

people attack walmart for their wages when companies like Apple should really be the ones attacked

Each Walmart store is only 1.2M profit

+

Apple has higher profit margins than walmart but a lot less employees

so what does this suggest when apple wages at the apple store are the similar to walmart?

🦆

yes exactly

Apple is exploiting their employees 80x more than walmart is, but no one complains

How

okay think about this

at the apple store, employees get paid 15 an hour, walmart employees get paid 11

I mean

so from this you might assume walmart is scamming its employees, but that's not the case
In FY2017 walmart made 14 billion in profit
in FY2017 apple made 10 billion ALONE IN Q4

So Apple makes about 3.5x more profit than walmart

Yea but there the same low skilled shitty jobs

The idea behind a small minimum wage rise is that the marginal benefit it provides the workers who share it is less than the marginal cost to the business

Apple employs less people than walmart

Now, if that isn’t true, then the minimum wage hike should be reconsidered

so at the end of the day, even though the wage is higher, Apple is making a lot more profit than walmart is per employee

Kill all Muslims

But minimum wages can lead to a net social gain if the business is able to absorb the extra costs well enough

In order for them to be equal, Apple would have to pay its employees about 36 an hour

but they're only paying 15

yeah, you made a good point there, if it can absorb

but walmart has to pay out dividends to shareholders, put some profit into operating expenses such as R&D and opening new stores, improving existing ones

@hcaez

Lol

The ninch

Lynch the grinch

day of the whowonka when

I would complain about apple exploiting their employees 80x more than Walmart @hcaez like, that’s a good point. But it’s not 80, you can take account the effort needed by the job and it becomes a different “ratio of exploitation” lol

And I’m referring to micro/macro economics @Mr1Gonzalez , we were talking about economics so I assumed you knew micro macro were the most common economic terms around

Additionally, I am aware that minimum wages should be regional

That’s why I say living wage not $15. This isn’t a revelation lol

All I am advocating for is that companies pay their employees so they can work full time (40 hours) and not be in poverty by modern definitions, maybe raise a kid, and honestly, the companies that can’t provide that can piss off.