Originally posted by Uncle Ted
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"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf
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Originally posted by bluegoose View PostIt's all that money they were able to save by closing down 63 Sam's Club stores.
My response was flippant. Trickle down works but not in the way people want it to work. These workers are probably ecstatic about a $2/hour raise, which is a 20% raise. However, the reality is that if you look at their earnings increase relative to management or those that participate in equity plans, it's probably more of a relative decrease in spending power. That's why I laugh when everyone looks at their growing 401k as if they are getting more rich, when in fact, unless they have more than the average person in their 401k, they are actually losing money/spending power on a relative basis."Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf
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Originally posted by Uncle Ted View PostThe dem voters may not remember all those policies that he promoted with the exception of one... and the fact that no democrat voted for it. How many folks work at Walmart again?
Walmart is laying off a bunch of people, closing stores, automating more of their cashiers, eliminated a lot of management but they raised their hiring wage by a dollar!
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Originally posted by frank ryan View PostWalmart is laying off a bunch of people, closing stores, automating more of their cashiers, eliminated a lot of management but they raised their hiring wage by a dollar!"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf
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Originally posted by frank ryan View PostWalmart is laying off a bunch of people, closing stores, automating more of their cashiers, eliminated a lot of management but they raised their hiring wage by a dollar!PLesa excuse the tpyos.
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Originally posted by frank ryan View PostWalmart is laying off a bunch of people, closing stores, automating more of their cashiers, eliminated a lot of management but they raised their hiring wage by a dollar!
Originally posted by Moliere View PostClosing unprofitable stores and automating processes are not bad things, neither is eliminating needless management."If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
"Yet I still see wisdom in that which Uncle Ted posts." -creek.
GIVE 'EM HELL, BRIGHAM!
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Originally posted by Moliere View PostThat's why I laugh when everyone looks at their growing 401k as if they are getting more rich, when in fact, unless they have more than the average person in their 401k, they are actually losing money/spending power on a relative basis."There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster
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Originally posted by creekster View PostIt is nice to see you showing such great nuance in your views of the economy. Or even of Walmart itself.Te Occidere Possunt Sed Te Edere Non Possunt Nefas Est.
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Originally posted by Jeff Lebowski View PostHelp me understand this. This would seem to imply that the economy is a zero sum game, which is most certainly not true. What am I missing?
I'm not saying the increased wages aren't good, they definitely are, but they'd be even better in times when the economy isn't humming along so nicely."Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf
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Originally posted by Moliere View PostI'm being too simple with it, but if your wages go up $1 and mine go up $2, then I have more buying power relative to you. You are happy, until you find out that the same thing we want to buy just increased in price by $1.25, so while I end up ultimately happy, you actually end up with less buying power even though you are paid more. Like you mention, it's not a zero sum game so my comment is overly simplistic, but over the long run I think it would hold true, especially as costs creep up due to the increased wages. If prices stay constant, then all benefit, but that's rarely the case, especially for normal and luxury goods.
Back to your original statement, if someone has the average amount of money in a 401K, it is not likely very much. I was curious about this so I looked it up. It varies a little by year, but not much.
Average 401k balance = ~$100K
But get this, the median is much worse:
Media 401K balance = ~$26-30K
Yikes!
http://time.com/money/4357248/retire...guard-balance/"There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster
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Originally posted by old_gregg View Postcreek this is a stupid post, just a heads up. frank’s post does not speak to the general economic or business wisdom of the move, but is an indictment of the narrative that wm is suddenly labor-friendly. you sure are quick to jump down his throat.
The narrative began at the macro level and ended at the WM example. Sorry if my posting doesn't met your or others' standards for intelligence, but you've already announced that I am not smart so I just have to try the best I can. Buddy.PLesa excuse the tpyos.
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Originally posted by Moliere View PostI'm being too simple with it, but if your wages go up $1 and mine go up $2, then I have more buying power relative to you. You are happy, until you find out that the same thing we want to buy just increased in price by $1.25, so while I end up ultimately happy, you actually end up with less buying power even though you are paid more. Like you mention, it's not a zero sum game so my comment is overly simplistic, but over the long run I think it would hold true, especially as costs creep up due to the increased wages. If prices stay constant, then all benefit, but that's rarely the case, especially for normal and luxury goods.
I'm not saying the increased wages aren't good, they definitely are, but they'd be even better in times when the economy isn't humming along so nicely.PLesa excuse the tpyos.
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Originally posted by creekster View PostIt is nice to see you showing such great nuance in your views of the economy. Or even of Walmart itself.Originally posted by creekster View PostYou are giving me a heads up that this is a stupid post? Your magnanimity knows few bounds.
The narrative began at the macro level and ended at the WM example. Sorry if my posting doesn't met your or others' standards for intelligence, but you've already announced that I am not smart so I just have to try the best I can. Buddy.Te Occidere Possunt Sed Te Edere Non Possunt Nefas Est.
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Originally posted by Jeff Lebowski View PostTherefore, shouldn't the metric for your 401K be whether or not it is beating inflation? How much money you have relative to other people has nothing to do with the buying power of your money, right? Everybody can have more buying power over time with a growing economy.
Back to your original statement, if someone has the average amount of money in a 401K, it is not likely very much. I was curious about this so I looked it up. It varies a little by year, but not much.
Average 401k balance = ~$100K
But get this, the median is much worse:
Media 401K balance = ~$26-30K
Yikes!
http://time.com/money/4357248/retire...guard-balance/
And yikes! at those 401k balances. It's sad that some people have so little will power when it comes to saving. I konw people that are cashing out their retirement to pay for their kids' bad deeds/choices. Heck, my inlaws are still funding five of their children in some form or fashion, and they are all grown, married, and graduated from college."Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf
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