Shocker: After Raising Minimum Wage, Walmart Cuts Hours

Posted in News
Mon, Aug 31 - 12:22 pm EST | 2 years ago by
Comments: 12
Be Sociable, Share!
    Use Arrow Keys (← →) to Browse

    In a move that shocked the nation, the worldwide superstore known as Walmart is beginning to cut back employee working hours in order to offset costs after raising its minimum wage to $9 an hour.

    No one. Saw this. Coming.

    Walmart cut hours
    Photo by Joe Raedle/Getty Images

    According to Bloomberg, an employee reported around 1500 hours were being cut, with some workers being told to take two-hour lunch breaks, or asked to leave early altogether. This has naturally affected store performance. The same employee told the site that a customer had to wait for 30 minutes for a product to be unlocked.

    While “raise the wagers” continue to protest for increased minimum wage, stories like these continue to pop up. Yet, despite the ever-growing evidence that raising the wage does nothing to help anyone, politicians and protesters alike continue to put pressure on businesses and local governments to make the change.

    Use Arrow Keys (← →) to Browse

    Be Sociable, Share!

      Related Posts

      • Kinsey

        So basically Walmart, the biggest, richest company in the US, who could easily pay the wage hike and still have enough left over for another two-dozen private jets, has instead decided to cut their hours, let store performance suffer, and then presumably tell irate customers to take it up with Congress. Well, gee, that isn’t petty, greedy, OR incredibly self-serving at the customer’s and staff’s expense AT ALL!

        • ermaddenzer

          JOB  AT HOME SPECIAL REPORT………After earning an average of 19952 Dollars monthly,I’m finally getting 98 Dollars an hour,just working 4-5 hours daily online….It’s time to take some action and you can join it too.It is simple,dedicated and easy way to get rich.Three weeks from now you will wishyou have started today – I promise!….HERE I STARTED-TAKE A LOOK AT…..dev.

          ➤➤➤➤ http://googlehomecareersjobsverifiedonline/start/earning/…. ⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛

        • MMinCC

          Ah, the cloud of stupid has apparently stalled over your home.

          Go Sanders, right?

        • Kinsey

          I’m not American, and have no stake in this. I just find it incredibly petty that a company’s response to “pay your workers more” was “Well then, we’ll damage our own stores with poor performance until you give in!”. ESPECIALLY with the profits Walmart enjoys that could easily pay for the increase.

          If you have a counterpoint, please do give it. I enjoy discussion.

        • MMinCC

          A company can choose to run itself anyway it sees fit. WM has choose to look at the bottom line and holding down labor costs is one way to do that.

          Now let me say I somewhat agree with you in that if WM wanted to make their workplace friendlier to employees, they could easily incase the per hour wage they pay.

          They’re not because they feel as long as this country will continue to allow millions of uneducated, illegal immigrates, they will always have a steady supply of cheap replacement labor. So why pay more?

          OTOH, an entry level job at WM is that, a first step on the ladder up. WM offers all kinds of assistance for employees that want to increase their skills and move up that ladder.

          It’s a tough world out there and no one owes you jack. If you’re not happy at WM, then by all means do something else. There’s no point in regaling you with my life story, suffice to say, I’ve always worked for myself and it took many, many 100 hour weeks for it to pay off.

        • Kinsey

          A company can choose to run itself anyway it sees fit.

          No, it can’t. Business is regulated by the law to prevent business owners from abusing their workers (such as denying lunch breaks, paying them in tokens redeemable in company shops, firing them for complaining) or their customers (monopolies, cartels and price fixing).

          In this case, the government for whatever reason has decided that the minimum wage was too low, so it was raised. Which, incidentally, should prevent businesses from employing the cheap labour you mentioned since they’d have to be paid a higher wage too. In response, WM decided to let its own business suffer rather than change.

        • MMinCC

          I should have added that a company can run it’s business any way it see fit while still obeying the law.

          OK?

          You blew past the rest of what I wrote

        • emmamlujan

          JOBs AT  HOME SPECIAL REPORT………After earning an average of 19952 Dollars monthly,I’m finally getting 98 Dollars an hour,just working 4-5 hours daily online….It’s time to take some action and you can join it too.It is simple,dedicated and easy way to get rich.Three weeks from now you will wishyou have started today – I promise!….HERE I STARTED-TAKE A LOOK AT…..aqww….

          ➤➤➤➤ http://googlehighpayhitemploymentsonline/start/earning/…. ⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛⚛

        • George Talbot

          Where are you getting your magical information on how much profit Walmart makes and how much profit they make per store?

        • Kinsey

          From the fortune 500:

          Key Financials (last fiscal year)
          | ($ Millions) | % change
          ____________________________

          Revenues | 485651 | 2%
          Profits | 16363 | 2%

        • j95lee

          You do realize that Walmart is a volume business (meaning they have to sell out a lot of cheap stuff) and their profit margins are thinner than you think?

          Why do you think restaurants are so wary of the min wage hike? Because those kinds of businesses have no margin for error. If their business declines even 2,3% after they raised prices, they’re dead.

          The libs who parrot “but all they have to do is raise the price by a dollar” doesn’t realize that wage is permanent baseline cost of doing business. If a worker’s wage goes up by 15 dollars, the employer can’t lower another worker’s wage by 5 dollars for breathing room.

      • Tiger58

        Walmart customer service sucks.

      Be Sociable, Share!