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originally posted by: Aazadan
a reply to: Phage
And that's still better terms than most grocery stores offer. It's not what it used to be, but their union has resulted in them retaining that much.
How did Albertsons fare all through the 90's with a grocer's Union and 16 an hour cashiers?
Its employees average $20/hour plus benefits
When you are paid starvation wages, it’s up to public-assistance programs to make up the difference. That government assistance, costing treasuries billions of dollars per year, is part of the high cost of low wages.
About 47 percent of all working recipients of public assistance work full time (at least 1,990 hours per year).
originally posted by: Phage
How do you think the chain would fare with $15/hour bag boys? How do you think the pharmacy technicians would feel about getting paid the same as that bag boy?
When a min wager gets sick, the treating hospital doesn't get stiffed, the tax payer pays. Even full timers, tap into the safety nets.
means more money to spend, which increases volume and offsets the cost of additional wages.
Because they sell higher value products, with higher profit margins, the employees have a higher value.
Their cashiers average over $15 an hour just by ringing stuff up and pushing buttons. Now how in the world are they so successful while still paying their employees a fair wage?
Are you sure about that?
Gas fluctuates in price every day yet the demand never goes away or changes.
As we would expect, the rapid rise in gasoline prices in 2008 was accompanied by a significant drop in sales volume. With the official end of the recession in June 2009, sales reversed direction … slightly. The 12-month MA hit an interim high in November 2010, and then resumed contraction. Since September of 2014, sales have been on the rise, most likely due to the drop in gasoline prices. The moving average for the latest month is 3.6% below the pre-recession level and -0.3% off the November 2010 interim high.
Ok.
They don't mark up any of their products more than 15%