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Friday, August 07, 2015

Unintended Consequence of Wal-Mart’s Raise: Unhappy Workers


http://www.bloomberg.com/news/articles/2015-08-06/an-unintended-consequence-of-wal-mart-pay-raise-unhappy-workers

When Wal-Mart Stores Inc. chief Doug McMillon announced plans to boost store workers’ minimum wage earlier this year, he said the move was intended to improve morale and retain employees.
Yet for some of the hundreds of thousands of workers getting no raise, the policy is having the opposite effect.
In interviews and in hundreds of comments on Facebook, Wal-Mart employees are calling the move unfair to senior workers who got no increase and now make the same or close to what newer, less experienced colleagues earn. New workers started making a minimum of $9 an hour in April and will get at least $10 an hour in February.

Some of you may not be old enough to remember these words said by then Presidential candidate Ross Perot, sadly he was correct. And the dopes in the audience chuckled at him. We reap what we sow folks.

That " Great Sucking Sounds " is here.



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