You Guys, Walmart Raised Hourly Wages Selfishly..

Of For FFS...This article from The Atlantic “explains” why Walmart is raising its hourly wage rate from $7 to $9.  It includes this wonderful gem:

This isn’t an isolated act of corporate social responsibility—it’s a response to the current realities of labor economics that will likely inform the behavior of other American employers.

Ya think?

In the late 1990’s and early 2000’s I remember there was such a shortage of unskilled labor that a McDonalds down the street was offering $10 an hour.  The reason was because the economy was growing and demand for that labor was high.  Now, it’s back down to minimum wage because with so many people wanting a job, McDonalds can easily pick and choose who to hire.

So if the economy is getting better and Walmart is raising wages, the reason for this is because “selfish”?   Seems to me that we would want the economy to get better so that it can support better wages.  Call me crazy, but isn’t the purpose of a business to.. um.. make money?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s