Message from @Leo (BillNyeLand)
Discord ID: 540020076129026066
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
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.
And if every company leaves America when that happens then you can take your revenge on me
@wahx nope abolish the minimum wage
It shouldn’t exist
It just leads to less employed and inflation
In a free market people’s purchasing power would be damn high, and businesses would pay high enough