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It's not just employees who pay a price -- though they pay the biggest one.
Amen. As the Bible says, what does it profit a man to gain the whole world and lose his soul? When a holiday set aside for thankful contemplation turns into nothing but an orgy of frenzied shopping, our society loses some of its soul.
"In a spiritual sense, all of us pay when we begin to think of what once was a day reserved for family and friends as just another day of commerce." If everyone wanted to stay home with food and family, there would be no demand for the stores to be open.
Arspartz, it isn't that they don't WANT to be with their family but the carnival created by Wal-Mart, Target, and others, has made them forsake their families for the lure of bargains. What price is that to pay? A hefty one.
As Robert Reich reported on Wednesday:
Walmart earned $16 billion last year (it just reported a 9 percent increase in earnings in the third quarter of 2012, to $3.6 billion), the lion’s share of which went instead to Walmart’s shareholders — including the family of its founder, Sam Walton, who earned on their Walmart stock more than the combined earnings of the bottom 40 percent of American workers.
Wal-Mart workers have decided to strike today over low pay ($8 an hour with no benefits)and the company is trying to get the NLRB to stop them. This from a company whose employees are its best customers! Reich notes that if they raised the pay of their full-time employees to $25,000 a year it would lift 700,000 people out of poverty! The cost? a 1% price increase to consumers. One percent...and look what they and the economy would get for that 1%: more spending less people on welfare.
But it isn't just Wal-Mart...it is the other big retailers too. No, people aren't lazy they just want to get paid for an honest days work.
This is not free-market capitalism, it is extortion.
" This is not free-market capitalism, it is extortion." It is exactly free market capitalism. If the employee wants too much money there is a willing applicant waiting for the job at the existing wage. Unions are the extortion racket. How many people outside of the union would have been willing to work for what was offered to the bakers union? Unfortunately, due to federal laws that protect only the union, the company is prohibited from hiring workers at a rate determined by free market forces. Back in topic, most people are more than willing to leave their family packed houses because they need a break. There are many people who want something beyond football and food all day Friday.
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