Companies raising wages due to tax bill.

[BmorePat87]

(01-12-2018, 09:53 AM)GMDino Wrote: At in a time of record corporate profits I wonder why these wages weren't raised already.

I know the pat answer will be "businesses like stability" and "lower taxes", but they've seen increased productivity and profits for years with no significant raise in wages.

I'm glad it's happening, but its seems a bit disingenuous right now.

Especially with the layoffs and closings surrounding the few get raises and one time bonuses.

Technically they were raised already. Their starting pay was raised from $8 to $9 in 2015, then to $10 in 2016, and now $11 in 2018. 

10 of the Sams Clubs will become online distribution centers, so it seems like this is really just part of a greater structural change to compete with Amazon (which goes along with their marketplace addition to their website to model Amazon).

We may see an eventual push to hire more distribution center employees (if those they retain from Sam's Club aren't enough) or we may not.

There's no doubt the tax cuts for corporations and the wealthy played a role in this, but it seems like this is just part of a larger plan for Walmart that goes beyond these little pieces we're all referencing. I imagine the shout out to the taxes was more of a ploy to garner favor, both with a base and with politicians.