Walmart’s Customers Are Broke, Busted & Disgusted – TIME TO PAY A LIVING WAGE!

VIA THE CHRISTIAN SCIENCE MONITOR

“From worker protests to missed earnings targets, 2013 has been a year that Wal-Mart would probably rather forget. The latest bit of bad news: According to a recent report, the world’s largest retailer is scaling back on orders to its suppliers in the face of lackluster sales and overflowing inventory.

The story also pointed out that inventory at Wal-Mart stores had outpaced sales growth, and that the retailer missed out on some sales because it didn’t have enough employees to keep shelves stocked. (Wal-Mart’s workforce has fallen by 120,000 since 2008, despite adding several hundred locations). The company’s same-store sales have dropped for two straight quarters.

The typical Wal-Mart customer has been squeezed the hardest by the sluggish recovery, and Wal-Mart may not be doing enough to accommodate the new economic reality. “If you look at this economy, it’s a train wreck for [the bottom] 80 percent of the American people, and Wal-Mart sells to that 80 percent,” Mr. Davidowitz says. And “77 percent of the new jobs created this year were part-time jobs. We have the lowest full-time labor participation rate in 35 years. Consumers’ incomes are not growing. One of six Americans are in poverty, and another one in six are an inch away from poverty.””

http://www.csmonitor.com/Business/2013/0928/Are-Wal-Mart-s-shoppers-disappearing

Advertisements

One thought on “Walmart’s Customers Are Broke, Busted & Disgusted – TIME TO PAY A LIVING WAGE!

  1. (Oh, look at this: more hyperbolic slanderganda against WalMart…)

    Actually reading the whole article, its more of a commentary on the state of the economy, and doesn’t contain the spin you put on it in the title of this thread. It basically says “WalMart sells to poor people, and if their sales are as down as they are then the economy is garbage”. There’s no mention of those people being ‘disgusted’ about anything, nor about them crying for more money.

    BTW: I’m not sure if you heard, but Gov. Brown signed a bill that will increase the minimum wage to $10/hr, so why are you still demanding even more? IMO, $12/hr is pretty high, which is what you must be if you think that Eureka is the hardest-working and most deserving city in America. San Jose’s & San Fransisco’s local minimum wage may be over $10, but Eureka is NOT those places. Humboldt has nowhere near the population, and MAYBE 1/3rd the work-ethic. SRSLY, just imagine if people put the amount of effort into getting & keeping a job as they did to growing and selling weed!

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