Comment Mystery solved! (Score 5, Funny) 65
I guess we know where all those returned Galaxy Note 7's are going.
I guess we know where all those returned Galaxy Note 7's are going.
On the other hand, the right to life is a fundamental, human right - and that implies that everybody has a right to live somewhere, which contradicts your statement, I think.
The right to live is not the same as the right to live in a specific place. The former exists; the latter does not. The realities of the marketplace dictate that you have a right to live someplace as long as you can afford it.
I can't help but wonder how much better the ROI would be if this money was put towards California's urban transportation problems rather than fighting congestion on rural patches of the I-5. Even the infamous MUNI could accomplish wonders with it.
Over 80% of Greece's debt is owned by public institutions. The private sector banks started running for the exit doors in 2011 when it started to become obvious that Greece's situation wasn't getting any better. Also, keep in mind that most governments have far greater financial resources at their disposal than even the largest banks and also have the ability to raise more revenue should they need to simply by raising taxes. Private sector institutions don't have that luxury- they gotta actually go earn their money.
Ok, since you have such a great understanding of economics, please explain to me how it's a good thing that the Walton family has more wealth than 40% of Americans (that's 129 Million Americans) combined, yet pays their full-time workers so little that they can't afford food or a place to live without welfare and foodstamps? How does it help me that my tax dollars have to subsidize Walmart employees (we're not talking about lazy drug addicts, we're talking about hardworking fulltime employees) when the company makes such huge profits? How does it help the economy when those employees can't afford to buy products that other companies manufacture and sell?
Or does it just benefit the 6 Waltons that are on Forbe's list of billionaires?
Why do you place the blame with the employer? They are merely offering a job at a market-competitive wage. Why are people willing to work for a salary that doesn't meet their needs? That they still have a hardship is not the concern nor the problem of the employer. If there wasn't a reliable source of labor at the wage they are offering then they would be forced to offer more, which is the real reason Walmart is officially raising their entry-level wage. (Which is also the reason so many companies with large low-wage headcounts are perfectly content with illegal aliens flocking over the border.)
That Walmart is profitable is a non-issue. Employees earn wages, shareholders earn profits. There is no direct connection between the two. If the employee wants a taste of the profits then they can become a shareholder. Some companies choose to share profits with employees in the form of a bonus, but that is purely at their discretion- it is in absolutely not an obligation.
How do you figure 60% of the workforce is impacted? Even groups that are advocating for a higher minimum wage put the percentage of impacted workers at around only 20%.
But even if that were true, they as a group don't generate enough economic activity to move the needle. They will be spending that money on basic necessities, such as food and housing, which means the cost for such things will climb to balance out supply versus demand. Additionally, industries that depend on low-wage labor will pass their increased costs on to the customers. All of this means the middle class, especially the lower-middle, is going to take it on the chin because their spending power will be diminished.
Arrangements like Apple's and Samsung's may sound strange at first but it happens a lot more than one might think. I work for a very large French company that has its own in-house IT services group, yet my subsidiary handles the majority of its IT operations on its own, including using external hosting companies and service providers that directly compete with them. We can get away with it because we execute faster, with better flexibility, higher quality, and for less money.
BTW, controlling the manufacturing isn't the advantage some make it out to be. It's a very low-margin industry, which is why so much of it is done in low-wage places like China. If bringing manufacturing in-house had strategic value then you can be assured that Apple and any other company with a decent mountain of cash would work on acquiring such capabilities. Take a look at Sony- nobody is citing their in-house manufacturing as a key differentiator or advantage.
"Who alone has reason to *lie himself out* of actuality? He who *suffers* from it." -- Friedrich Nietzsche