Drudge Retort: The Other Side of the News
Sunday, January 14, 2018

Just one day after announcing that it would raise starting wages for its hourly workers, a report said Wal-Mart is planning to eliminate more than 1,000 jobs, mostly at its headquarters. The cuts, which are expected to be completed this month, were reported by the Wall Street Journal. A Wal-Mart spokesperson would not confirm the planned cuts, but did say the company had been "looking at our structure for some time as we explore ways to operate more effectively." In addition to the corporate job cuts, Wal-Mart has also announced the closure of 63 of its Sam's Club warehouse locations, which will mean as many as 11,000 lost jobs. The Journal frames the restructuring as part of Wal-Mart's efforts to respond to Amazon, which aggressively expanded with its 2017 purchase of Whole Foods. Rumors have also been swirling that Amazon could make a bid this year for Target, a big-box retailer that directly competes with Wal-Mart.

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Wal-Mart's announcement that it would raise starting wages for store workers from $9 to $11 an hour has been one of several wage hikes and worker bonuses following passage of a huge cut in the corporate tax rate. But the fact that job cuts are happening at the same time, without being blamed on the tax overhaul, shows that those wage hikes and bonuses are being carefully framed to make a specific point.

Their timing is intended to support the political thesis that tax cuts will benefit workers, but many economists and other experts argue that most of the benefit will actually accrue to shareholders. Wage hikes like Wal-Mart's may be in response to unrelated factors like tight labor markets and state and local laws raising minimum wages -- just as the simultaneous job cuts and store closures have little or nothing to do with tax policy.

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In the meantime, the GOP is already preparing to slash entitlement programs like Social Security and Medicaid to offset the debt created by the tax cuts. Public assistance programs have long been particularly important to low-wage Wal-Mart employees.

fortune.com

Apparently, the fact that white people rely on entitlement programs comes as a surprise to Trump:

Trump Thinks Only Black People Are on Welfare, but, Really, White Americans Receive Most Benefits

www.newsweek.com

#1 | Posted by Gal_Tuesday at 2018-01-13 08:33 PM | Reply | Newsworthy 1

"Despite Trump's newly gleaned information, welfare reform remains one of his top goals for 2018. His administration and Congressional Republicans are looking to overhaul federal safety-net programs like SNAP, Medicaid and housing benefits. "

Unbeknownst to Trump not only do white folks receive assistance from these programs, but many of them are also Trump voters.

#2 | Posted by Gal_Tuesday at 2018-01-13 08:36 PM | Reply

- Unbeknownst to Trump not only do white folks receive assistance from these programs, but many of them are also Trump voters.

Much like the Reagan fake meme about black women on welfare driving Cadillacs.... who turned out to be mostly poor white women with children.

#3 | Posted by Corky at 2018-01-13 08:46 PM | Reply

No ----. Hug the well head. My old boss taught me well...

#4 | Posted by lfthndthrds at 2018-01-13 10:32 PM | Reply

Welcome to 15 dollars per hour.

#5 | Posted by Crassus at 2018-01-14 04:18 AM | Reply | Funny: 1

Office workers make $15 per hour?

#6 | Posted by REDIAL at 2018-01-14 04:46 AM | Reply

Just like any bureaucracy, they are overloaded with non-productive help.

#7 | Posted by Sniper at 2018-01-14 01:26 PM | Reply | Funny: 1 | Newsworthy 1

So, as it turns out, those bonuses and pay raises that the idiot ROC was crowing about the other day just turned out to be BS.

LOL!

#8 | Posted by Angrydad at 2018-01-14 10:40 PM | Reply | Newsworthy 2

Got a feeling Snippy is projecting. He more than likely he works for the state (see collects welfare) from the safety of his moms basement.

#9 | Posted by aborted_monson at 2018-01-14 11:42 PM | Reply

Recruiting, hiring and training new workers along with the hit to morale that happens when your store is working short-handed and workers are expected to pick up the slack, and the OT the company pays when people call in sick when the store was already short-handed is more expensive than boosting some wages a couple of bucks. McDonald's announced months ago that they were going to boost wages to try to slow employee turnover and try to outcompete other fast food places for new hires. This was NOT done thanks to the tax cut, but because WalMart is a freaking awful place to work.

#10 | Posted by _Gunslinger_ at 2018-01-15 12:20 AM | Reply | Newsworthy 1

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Ok, the new starting wage is a strategy to use against a $15 minimum wage. Normally a company PROUDLY displays the cost savings of putting 11,000 people out of work permanently. But after promising to give a billion in possible bonuses, they save $14 billion closing 60+ stores? I am guessing that amount because $250 Million a year per store is what the Walmart trafet revenue is. Since they are closing stores in the smaller, less Republican districts... maybe the bonus isn't a bonus but just a PR SCAM for the moment. Like the taxcuts of $20 a week... which are ONLY TEMPORARY until after the next election...
Are you REALLY THAT FREAKIN' STUPID???

Take your shoes off and try to do the math!

#11 | Posted by Lumbercock at 2018-01-15 04:30 AM | Reply | Newsworthy 1

Angrydad called someone an idiot, let's drink!

#12 | Posted by visitor_ at 2018-01-15 08:31 AM | Reply

Walmart laying off help, thank Jeff Bezos. He is singlehandedly destroying the retail industry.

#13 | Posted by danni at 2018-01-15 08:56 AM | Reply

If Walmart were adding 12K workers, folks would be complaining that we just have more ------ jobs with no benefits and employees that taxpayers subsidize to be employed at Walmart.

BTW, this, like all the other job additions announced, have little to nothing to do with tax policy.

#14 | Posted by eberly at 2018-01-15 09:02 AM | Reply | Newsworthy 1

#13: That is how the world is currently trending. And it's just not Bezos, he's just better at it.

#15 | Posted by Daniel at 2018-01-15 09:04 AM | Reply

Walmart laying off help, thank Jeff Bezos. He is singlehandedly destroying the retail industry.

Posted by danni at 2018-01-15 08:56 AM | Reply

No it's actually the consumer who is destroying the retail industry NOT Jeff Bezos. He's just providing the service the consumer wants.

#16 | Posted by LauraMohr at 2018-01-15 09:09 AM | Reply | Newsworthy 2

#11 - Lumber

Methinks you know not what a ledger be.

#16 - Lauramohr

More for less. It's human nature. I imagine we "accomplish" 100 times more work in a single day than people of 100 years ago. Advances in technology, communications, and transportation all make it so we are doing more than anyone could have imagined in a day. There just isn't enough thought being put into how do we take what we've already used and either return it to it's natural state or reuse it in our society. Eliminating/recycling waste should be a top government funded priority.

#17 | Posted by gavaster at 2018-01-15 11:15 AM | Reply

Just like any bureaucracy, they are overloaded with non-productive help.

#7 | POSTED BY SNIPER

But I thought the private sector was always the leanest, meanest, most efficient machine ever?

#18 | Posted by jpw at 2018-01-15 11:56 AM | Reply

So, as it turns out, those bonuses and pay raises that the idiot ROC was crowing about the other day just turned out to be BS.

LOL!

#8 | Posted by Angrydad

Are you saying no one got a pay raise? By the way, what is the roc?

LOL!!!!~!~

#19 | Posted by Sniper at 2018-01-15 03:26 PM | Reply

"Are you saying no one got a pay raise?"

More than paid for by the staffing cuts, just like with AT&T. In other words, nothing but a cheap political stunt.

#20 | Posted by DirkStruan at 2018-01-15 03:44 PM | Reply

#13-15

Good to see that these posters, unlike AngryDork, understand the dynamic operating here.

#21 | Posted by Rightocenter at 2018-01-15 04:20 PM | Reply

I see the dynamic, rightoboutnothing. Some companies are trying to suck up to Trump by publicizing raises for tax cuts which haven't started. Then, these same companies are laying off a lot of workers. Some "dynamic." Others call it a "shell game" or even "bait and switch."

Oh wait, Trump promised jobs flooding back into America.
Any second now.
Any second now.

#22 | Posted by e1g1 at 2018-01-15 11:25 PM | Reply | Newsworthy 1

#13 ...apropos... thank Walmart for giving him the inspiration and the idea.

#23 | Posted by ichiro at 2018-01-16 03:53 AM | Reply

thank Walmart for giving him the inspiration and the idea.

Pretty much. The Wal*Mart model wiped out most of the small stores and now Amazon is wiping out Wal*Mart.

Is that what they call irony?

#24 | Posted by REDIAL at 2018-01-16 07:08 AM | Reply

"No it's actually the consumer who is destroying the retail industry NOT Jeff Bezos. He's just providing the service the consumer wants."

The Sherman anti-trust act should be brought to bear on his company. Destroying millions of jobs is not something we should allow in our country. It will eventually bring on a deep depression and without small businesses we won't ever climb back out of it. Just because a company like Amazon can destroy retail does not mean we should let them, we have an economy which our government should actively work to protect. Your view would willingly, and knowingly, allow our economy to be destroyed so that one company could dominate all retail business. You may not realize it yet but the time will come when you will agree with me. FDR would have already taken action to rein in Amazon.

#25 | Posted by danni at 2018-01-16 09:11 AM | Reply

"Is that what they call irony?"

More like national insanity, giving up our economy so that one company can own retail.

#26 | Posted by danni at 2018-01-16 09:12 AM | Reply

#25 Unfortunately it is not something the government can control very easily. How big does a company have to be for the government to get involved? And let's remember, Amazon is really a delivery service that caters to those who don't care about touch and feel before you buy retail. If Amazon was scaled back there would be a consumer backlash.

#27 | Posted by fishpaw at 2018-01-16 11:05 AM | Reply

#25-26 Danni

With your protectionist view we'd all still be farming because the tractor would have been outlawed. Efficiency is how we progress as a people. If everyone still had to farm their own food we wouldn't be researching cures for cancer or sending people to outer space. Despite society's rapid industrialization and advancement from horse & buggy for transportation and wax candles for lights 130 years ago, Americans are still nearly fully employed. It's called progress. Do we need to adjust some of the wage and wealth disparity? Sure. But nobody's going to be 'out of a job'. There will be a short term dip in retail and then people will find/create new markets that you and I haven't even imagined. Amazon is still only 1/4 the size of Walmart's labor force and 1/3 the revenue. But Walmart by no means has a monopoly on retail. Cool your jets Tonto.

#28 | Posted by gavaster at 2018-01-16 11:36 AM | Reply | Newsworthy 1

Is that what they call irony?

No, since it isn't deliberately contrary to what one expects (bigger/more innovative businesses ultimately shut down competitors) but it certainly shows that Karma is still a bitch.

#29 | Posted by Rightocenter at 2018-01-16 12:11 PM | Reply | Newsworthy 1

The partisan blinders are hilarious on this site. Cause and effect logic is nonexistent and it just makes things so entertaining. The tax laws caused this. The increase in pay they are being pressured to do is causing this.

When, in reality, smart people know it's a little bit of everything combined with bottom dollar strategies.

#30 | Posted by humtake at 2018-01-16 12:13 PM | Reply

"Wal-Mart is planning to eliminate more than 1,000 jobs, mostly at its headquarters."

So they are cutting a bunch of high paid pencil pushers?

#31 | Posted by jamesgelliott at 2018-01-16 04:31 PM | Reply

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