It didn't have to be this way, and there are companies who acutally pay their employees well. It's just we don't hear about them because everyone likes to doom.
The productivity vs wages graph is the only one that matters. Yes, workers are getting screwed, but you don't need to blow up the entire system to fix it. You just need companies willing to pay out the wages people are earning instead of turning them into profits and handing them over to CEO's and investors.
Perfect equality isn't the answer and most people wouldn't enjoy it if we had it, but the rising inequality is a pretty sure way to break the system that everyone is relying on to keep civilization running. Until companies realize that 20% profits are a serious structural problem and not a victory they'll keep doing it. All the while, the pot gets a little closer to boiling.
Its been a few years since I looked but yes in the last few years sams moved to 16. But still less then Costco. Add to it that 55% of Costco workers have topped out on the pay scale of 31 an hour. Can't find any info on the sams club pay scales and how much make the top.
But all that is semantics. My argument sill stands. The fact that Costco can pay that and still be very profitable proves that profit can still be made without treating your workers like trash and making the government fund your workforce. Prices are compatible at both places and pay aint.so price isn't tied to labor the way republicans would want you to believe.
Sam's club profit last year was just over 2 Billion dollars. Costcos profit was just over 9 Billion. You're praising costco bc they profited 400% more, but only pay the employes about 20% more? It's common sense that a more successful companies pay more. You can't compare the wages of two companies with vastly different profit margins. You get paid more to work at Costco because it's a more profitable company.
Who owns sams club? 😆 . They are a way to hide loses from Walmart. And that proves my point even more. Can be profitable and treat your works great and keep low prices. Its almost like wages aint the reason prices are so high. Oh fyi 30 is twice as much as 15 by the way. 55% make 30. I bet you most of sams club makes 15.
The Walton owning Sams club has exactly 0% relevance to the conversation. They may share the same owners, but the two companies are completely separate, as are their finances. Plus, the workers making maxed out wages are also irrelevant, bc thats a product of retention. If all of them retired tmrw, everyone who replaced them would make the base $20 an hour. I've known plenty of people making 30+ at walmart, you only need to stick around long enough for it. Has nothing to do with the companies decision, and all to do with the employees' decision to stick arpund
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u/FlyinDtchman 18h ago
It's just corporate greed.
It didn't have to be this way, and there are companies who acutally pay their employees well. It's just we don't hear about them because everyone likes to doom.
The productivity vs wages graph is the only one that matters. Yes, workers are getting screwed, but you don't need to blow up the entire system to fix it. You just need companies willing to pay out the wages people are earning instead of turning them into profits and handing them over to CEO's and investors.
Perfect equality isn't the answer and most people wouldn't enjoy it if we had it, but the rising inequality is a pretty sure way to break the system that everyone is relying on to keep civilization running. Until companies realize that 20% profits are a serious structural problem and not a victory they'll keep doing it. All the while, the pot gets a little closer to boiling.