Fewer Retail Jobs which will Pay More Archives

daniel January 14, 2018 Amazon’s Whole Foods 360, Big Media Cheerleading for Trump, closing of 63 Sam’s Club stores, Fewer Retail Jobs, Fewer Retail Jobs which will Pay More, Here’s why the Retail Apocalypse is worse and better than You Think, Is CNBC lying about Walmart Wage Increase?, Kohl’s (NYSE: KSS), Kohl’s cannot make money with department stores, Kroger (NYSE: KR), Lucky’s Market, Macy’s (NYSE: M), Retail Apocalypse, Sam's Closing, Sears Holdings (NASDAQ: SHLD), Seritage Growth Properties (NYSE: SRG), Seven 11, Sprouts Farmers Market (NASDAQ: SFM), Starbucks (NASDAQ: SBUX), The Hudson’s Bay Company (TSE: HBC), Walgreens (NASDAQ: WBA), Walmart, Walmart (NYSE: WMT)

The Retail Apocalypse is Alive and Well

Giving Walmart workers an extra $8 or $9 a day might have little or no impact on the economy. Walmart clerks can now afford to buy lunch at In-N-Out Burger; rather than at McDonald’s, how does that benefit the wider economy? Much higher wages will be needed for a real economic stimulus.

It remains to be seen if the $1,000 bonus and wage hike will have any effect on Main Street. Giving average families an extra $1,000 to pay off $1,000 of their credit card debt, might not do much for the economy. The average U.S. household now owes $15,654 in credit-card debt, Nerdwallet estimated.