Walmart all $11/hr
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Walmart all $11/hr (by Beth [WI]) Jan 11, 2018 6:01 AM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 6:12 AM
       Walmart all $11/hr (by Beth [WI]) Jan 11, 2018 6:21 AM
       Walmart all $11/hr (by Doogie [KS]) Jan 11, 2018 6:24 AM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 6:25 AM
       Walmart all $11/hr (by Jeff [CO]) Jan 11, 2018 6:33 AM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 6:37 AM
       Walmart all $11/hr (by Vee [OH]) Jan 11, 2018 6:44 AM
       Walmart all $11/hr (by NC INVESTOR [NC]) Jan 11, 2018 7:22 AM
       Walmart all $11/hr (by Moshe [CA]) Jan 11, 2018 8:58 AM
       Walmart all $11/hr (by Tom [FL]) Jan 11, 2018 9:08 AM
       Walmart all $11/hr (by Sisco [MO]) Jan 11, 2018 9:16 AM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 9:24 AM
       Walmart all $11/hr (by AllyM [NJ]) Jan 11, 2018 9:27 AM
       Walmart all $11/hr (by Ken [NY]) Jan 11, 2018 9:57 AM
       Walmart all $11/hr (by Robert,OntarioCanada [ON]) Jan 11, 2018 10:22 AM
       Walmart all $11/hr (by gevans [SC]) Jan 11, 2018 2:43 PM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 5:02 PM
       Walmart all $11/hr (by Homer [TX]) Jan 11, 2018 5:06 PM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 5:19 PM
       Walmart all $11/hr (by cjo'h [CT]) Jan 11, 2018 5:39 PM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 5:54 PM
       Walmart all $11/hr (by cjo'h [CT]) Jan 11, 2018 5:55 PM
       Walmart all $11/hr (by S i d [MO]) Jan 11, 2018 6:01 PM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 6:03 PM
       Walmart all $11/hr (by cjo'h [CT]) Jan 11, 2018 6:06 PM
       Walmart all $11/hr (by Moshe [CA]) Jan 11, 2018 6:38 PM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 6:59 PM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 7:06 PM
       Walmart all $11/hr (by David [MI]) Jan 11, 2018 7:06 PM
       Walmart all $11/hr (by Moshe [CA]) Jan 11, 2018 8:32 PM
       Walmart all $11/hr (by David [MI]) Jan 12, 2018 2:20 AM
       Walmart all $11/hr (by nhsailmaker [NH]) Jan 12, 2018 4:06 AM
       Walmart all $11/hr (by David [MI]) Jan 12, 2018 4:08 AM
       Walmart all $11/hr (by Tom [FL]) Jan 12, 2018 6:10 AM
       Walmart all $11/hr (by David [MI]) Jan 12, 2018 6:17 AM
       Walmart all $11/hr (by nhsailmaker [NH]) Jan 12, 2018 7:50 AM
       Walmart all $11/hr (by nhsailmaker [NH]) Jan 12, 2018 7:55 AM
       Walmart all $11/hr (by David [MI]) Jan 12, 2018 8:02 AM
       Walmart all $11/hr (by Moshe [CA]) Jan 12, 2018 10:15 AM
       Walmart all $11/hr (by Chris [CT]) Jan 12, 2018 10:25 AM
       Walmart all $11/hr (by Vee [OH]) Jan 12, 2018 10:41 AM
       Walmart all $11/hr (by David [MI]) Jan 12, 2018 11:13 AM
       Walmart all $11/hr (by Moshe [CA]) Jan 12, 2018 12:17 PM
       Walmart all $11/hr (by David [MI]) Jan 12, 2018 12:47 PM
       Walmart all $11/hr (by David [MI]) Jan 12, 2018 12:48 PM
       Walmart all $11/hr (by Ray-N-Pa [PA]) Jan 12, 2018 3:34 PM
       Walmart all $11/hr (by BillW [NJ]) Jan 12, 2018 6:26 PM
       Walmart all $11/hr (by Don [PA]) Jan 12, 2018 9:35 PM
       Walmart all $11/hr (by David [MI]) Jan 13, 2018 2:52 AM
       Walmart all $11/hr (by RB [MI]) Jan 13, 2018 3:04 AM
       Walmart all $11/hr (by WMH [NC]) Jan 13, 2018 6:33 AM
       Walmart all $11/hr (by BillW [NJ]) Jan 13, 2018 9:23 AM
       Walmart all $11/hr (by David [MI]) Jan 13, 2018 9:27 AM
       Walmart all $11/hr (by David [MI]) Jan 13, 2018 9:29 AM
       Walmart all $11/hr (by Smokowna [MD]) Jan 14, 2018 2:03 PM
       Walmart all $11/hr (by S i d [MO]) Jan 15, 2018 11:31 AM

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Walmart all $11/hr (by Beth [WI]) Posted on: Jan 11, 2018 6:01 AM
Message:

Just read that Walmart will be paying all employees a minimum of $11/hr starting in Feb. This had already happened in many areas of the country but not all. Is this the start of an effectively higher nationwide minimum wage? At any rate, I think it’s good news for rural landlords. Maybe you will be able to raise rents.

--24.177.xxx.xx




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 6:12 AM
Message:

huh. Now that I think about it, not only do I not have a single tenant who works at walmart, I also don't think I've had a single applicant or caller tell me they work at walmart when asked what their employment is. --12.156.xxx.xx




Walmart all $11/hr (by Beth [WI]) Posted on: Jan 11, 2018 6:21 AM
Message:

My tenants don’t work at Walmart either. But they are the biggest employer. If they raise their starting wage, so will others? I suspect most rent. --24.177.xxx.xx




Walmart all $11/hr (by Doogie [KS]) Posted on: Jan 11, 2018 6:24 AM
Message:

Simple economics. Wal Mart will raise their wage. Then they will raise their prices. Then Suppliers will raise their prices. Then other retailers will raise their prices. Then landlords will raise their prices. Then taxes will go up. And the cycle continues.... --98.175.xxx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 6:25 AM
Message:

walmart will not raise their prices if they can be undercut by other retailers --12.156.xxx.xx




Walmart all $11/hr (by Jeff [CO]) Posted on: Jan 11, 2018 6:33 AM
Message:

Doogie's right. --76.120.xx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 6:37 AM
Message:

If walmart had to increase their prices to cover a wage increase, then the tax bill is just a smoke screen and has nothing to do with it. --12.156.xxx.xx




Walmart all $11/hr (by Vee [OH]) Posted on: Jan 11, 2018 6:44 AM
Message:

This may be a clouded raise - new health care.... --76.188.xxx.xx




Walmart all $11/hr (by NC INVESTOR [NC]) Posted on: Jan 11, 2018 7:22 AM
Message:

Right after the tax bill passed there were a number of large corporations that gave bonuses. When asked if they were going to increase wages they went silent and I think that will the general trend.

The only one that i know for certain is Wells Fargo even though I don't think it was made public. A friend of mine is a senior manager at Wells and me the day after the bill was passed that their chairman was giving all employees making under $60,000/year a $7/hr increase effective immediately. That is huge unfortunately I just don't think it will be the norm. Although some might consider that increase as combat pay considering the news that keeps coming out about Wells' blatantly unethical treatment of their customers.

--71.75.xx.xx




Walmart all $11/hr (by Moshe [CA]) Posted on: Jan 11, 2018 8:58 AM
Message:

An elementary analysis of the US economy shows that (provided that DJT remains in office) jobs will be created resulting in increases in wages. That trend has already begun, as the spectacular increases of last year in stock equities shows. It is no coincidence that Walmart chooses now to take advantage of the anticipated increases in worker competition to raise compensation. They expect to make it all back from increased sales from a market with increased financial liquidity. Landlord will also benefit from the same market.

--47.139.xx.xxx




Walmart all $11/hr (by Tom [FL]) Posted on: Jan 11, 2018 9:08 AM
Message:

$11.00 wage increase. Everything else will increase then it will increase to $25/hour min wage every thing else will increase to $45/hour. It's will be a revolving door.

THEN the Walmart blue light specials will start at $150 for a pari of jeans.

The dollar store will no longer be a dollar, most likely the FIFTEEN DOLLAR STORE. 5 & 10 store is no longer in business I rest my case...

Then Roy OF AL Class C rentals will be $5,000 per month.....

The monthly rentals in California will be affordable due to rent control at $1,000 per month. Thanks to Gov Jerry who will be 150 yr old as governor of Cali!!! --99.56.xx.xx




Walmart all $11/hr (by Sisco [MO]) Posted on: Jan 11, 2018 9:16 AM
Message:

Has anyone on this forum hired labor lately? WM employs many people in all salary ranges. Absent the incentive of advancement WM couldn’t hire at $11 hr. --72.172.xxx.xx




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 9:24 AM
Message:

Sisco, I guess this is FAKENEWS then --208.54.xx.xxx




Walmart all $11/hr (by AllyM [NJ]) Posted on: Jan 11, 2018 9:27 AM
Message:

Democrats buy votes by letting in illegals and getting raises through the union strikes and providing welfare. Republicans buy votes by getting peoples' wages increased by creating a better economy. Personally my stock based 401K has been going up ten percent per quarter. I worked myself into lots of shoulder and hip pain by staying on facebook promoting my guy for hours a day for the entire campaign and election. Yesterday Uncle Don bought me a brand new 40K Subaru Outback with lots of bells and whistles and a built in GPS. --73.33.xxx.xxx




Walmart all $11/hr (by Ken [NY]) Posted on: Jan 11, 2018 9:57 AM
Message:

I haven't had Wal Mart store employees for tenants but I have had a number of employees who worked at Wal Mart distribution centers which pay about $18 per hour which is pretty good around here for unskilled labor --72.231.xxx.xxx




Walmart all $11/hr (by Robert,OntarioCanada [ON]) Posted on: Jan 11, 2018 10:22 AM
Message:

The fiberals have increased the minimum in Ontario to $14.00 dollars per hour which was a dramatic increase of around 20 per cent. They hoping to get reelected as the premier has one lowest approval ratings in Ontario and other provinces in Canada. We all agree there should be living wage but the problem with that is many small businesses can not absorb a large increase based upon a hope of getting reelected. A lot depends on where in Ontario you live while living in some major cities in the Toronto GTA area it is very expensive to buy a home or rent where other places like Windsor housing is more affordable. While spending three quarters of million to buy a basic house in the Toronto GTA area is unreachable for many people who earn a decent income beyond minimum wage. No matter you live here there is universal health care while taxes are a lot higher here along with many consumer goods as there is less competition. Even with a lower dollar then Us dollar it is still many time cheaper to buy in the Us. Walmart mainly sells goods made in lower wage countries. --72.142.xxx.xxx




Walmart all $11/hr (by gevans [SC]) Posted on: Jan 11, 2018 2:43 PM
Message:

In the early 80s Regan days, I lived in Virginia Beach. Minimum wage was $3.85, but NOBODY paid that. We had the second hottest economy in the WORLD due to Regan's military expenditures (second only to Anchorage AK). You could find jobs starting over $4/hour all day long because unemployment was at record lows.

Same is happening now.

When wages go up, so does everything else. Since the tax brackets are fixed, everyone pays more taxes.

Inflation can actually be bad for a W2 worker. --98.122.x.xx




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 5:02 PM
Message:

Alright so I am scratching my head now.

A few years ago, when minimum wage increases were being debated, the response was that would case all prices to go up and that is bad.

But now the wages are rising naturally by the employer, not by govt mandate, yet prices are still going to go up?

What was the point of the tax cut then? --50.4.xxx.x




Walmart all $11/hr (by Homer [TX]) Posted on: Jan 11, 2018 5:06 PM
Message:

David, with the recent corporate tax cut, Walmart all of the sudden has more disposable income. They choose to give raises to their employees. Great news it’s trickling down. Since I have a tenant that is sn employee at Walmart, I won’t feel as bad in April when his annual rent increase goes out. Our property taxes have skyrocketed, so that trickles down as well --75.141.xxx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 5:19 PM
Message:

Homer you're able to raise your rent because you know your walmart tenant has more disposable income. That doesn't explain why other retail prices would go up when most people don't work for walmart.

If , as another poster said, other prices go up, then its all inflation and nothing actually gained. --50.4.xxx.x




Walmart all $11/hr (by cjo'h [CT]) Posted on: Jan 11, 2018 5:39 PM
Message:

Just got back from Sams Club.Doors are shut.apparently were all day.went to pick up a few items.Will open at 10 A.m.tomorrow.employees were inside.No one to talk to to cast any information on the subject. .......charlie.....................................................................makes you wonder?.....$11.00 an hour?........................................ --174.199.xx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 5:54 PM
Message:

cjoh, a number of sams club were closed permanently nationwide, including one around here. Better check if yours was on the list --50.4.xxx.x




Walmart all $11/hr (by cjo'h [CT]) Posted on: Jan 11, 2018 5:55 PM
Message:

Miss Ally, when I first came here,bought a nice station wagon,wasn't a Subaru,but did have all the same bells and whistles,came in under $1800.00

my friend also bought a brand new Ford that same year $500.00 .the station wagon I ran into the ground,then gave it to a fellow who worked for us,he put another 150,000 miles on it.You think your Subaru would stand up to that much abuse?...........charlie......................................................................... --174.199.xx.xxx




Walmart all $11/hr (by S i d [MO]) Posted on: Jan 11, 2018 6:01 PM
Message:

Generally, all "gain" in wages for the past 40ish years has been simply due to inflation, not gains in entry-level worker productivity. As most of us know the minimum wage has not kept up with inflation in terms of purchasing power. It is a little tough to measure, though, since a smart phone today has more computing power than all of NASA did in the 1980s, and just about everyone has one. One could say the poor today enjoy "luxuries" that the kings of the past would envy (indoor plumbing, HVAC, antibiotics, cars that travel 500 miles in a day, etc). But anyway...

The laws of economics alway apply. The most fundamental of which is, "there is no free lunch." You can rig markets short term, but overall the working class gains little or no purchasing power from raises that are given without cause.

The only long-term way to become wealthier is to bring more value to market. Minimum wage is entry-level, far below average. Finding ways to raise the minimum to a "living wage" will always be an exercise in futility. There will always be a market need for low paid jobs that aren't meant to support a family of 4, and the market has ways of getting what it demands. --173.19.xx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 6:03 PM
Message:

Huh. Sid are you saying that the tax cut is rigging the market --50.4.xxx.x




Walmart all $11/hr (by cjo'h [CT]) Posted on: Jan 11, 2018 6:06 PM
Message:

David, hope what you say isn't the case in West Haven Connecticut.Of course the small purchases I made wouldn't keep them in business too long.But a few days ago ,with the threat of snow,the loads of stuff going out of there,would make you wonder ?..........charlie.......................... --174.199.xx.xxx




Walmart all $11/hr (by Moshe [CA]) Posted on: Jan 11, 2018 6:38 PM
Message:

" A few years ago, when minimum wage increases were being debated, the response was that would case all prices to go up and that is bad. "

It isn't really.

What you should be looking at is condition of the economy, and not to be tied to any specific numbers. When the economy is good, there is work for everyone, good workers have a choice about their job and can negotiate better jobs with a higher wage. When the economy is bad, they don't have that power.

When the economy is good and good workers are advancing, business people will raise their price as long as they can sell more at good prices. But good workers can stay ahead of the resulting inflation. If you buy a house, you can pay for it with inflated dollars, worth a lot less that they were worth when you bought the house. Same with cars, even credit card debt. Inflation won't get ahead of wages, or no one will buy from the merchants.

If you work hard, get ahead during the good years, you can put money aside and invest it, and if you are good at investing, your gain will stay far ahead of inflation.

A well-run economy (in USA) can keep wages far beyond inflation. Its called "growth".

"What was the point of the tax cut then? "

Strangely enough, the tax cut was not for your benefit, and you are too self-centered to see it. The tax cut is for the country's economy, from which you will ultimately benefit by the benefits trickling down (Yes, it does work). Companies with trillions of dollars kept abroad (because of high taxes in US) will now repatriate that money (because taxes will be lower) and the increased liquidity of US financial market will be spent, keeping inflation low. Entrepreneurs will work harder because it is more worthwhile if they can keep more of the profit for themselves, and businesses will expand, bringing (you guessed it) jobs.

--47.139.xx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 6:59 PM
Message:

Moshe, I don't work at Walmart, so I didn't expect any benefit. The other posters said inflation would occur due to the higher wages.

And for the record, due to the rise in real estate prices, I only bought one house in 2017 --50.4.xxx.x




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 7:06 PM
Message:

And Moshe, entrepreneurs aren't going to be working harder. It's not like the tax break increased the number of hours in a day. --50.4.xxx.x




Walmart all $11/hr (by David [MI]) Posted on: Jan 11, 2018 7:06 PM
Message:

And Moshe, entrepreneurs aren't going to be working harder. It's not like the tax break increased the number of hours in a day. --50.4.xxx.x




Walmart all $11/hr (by Moshe [CA]) Posted on: Jan 11, 2018 8:32 PM
Message:

David, you won't get any benefit because you work or don't work at Walmart.

You will get benefit because there will be more jobs, more opportunities, opportunity to change jobs and sell your labor, more tenants, etc. You will benefit from a more active economy.

And, entrepreneurs WILL work harder. Its not more hours that they will work, its working harder to look for opportunities, increased enthusiasm for investing, starting business opportunities, making profit and enjoying it, all because you get to keep more of what the hard work brings you. High taxes depress enthusiasm, in addition to making those that pay high taxes not competitive.

--47.139.xx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 12, 2018 2:20 AM
Message:

Moshe, you ignore that there's only 24hours in a day. It's not possible for most tech people to work harder. --50.4.xxx.x




Walmart all $11/hr (by nhsailmaker [NH]) Posted on: Jan 12, 2018 4:06 AM
Message:

YESTERDAY NEWS FLASH -44 YEAR LOW - The overall number of Americans collecting unemployment checks dropped to 1.89 million, lowest since December 1973 and down nearly 9% from a year ago... BTW a number of comments above show that economic education is lacking. for instance.....The Federal Reserve has been tasked to get inflation and keep inflation at 2% --24.34.xx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 12, 2018 4:08 AM
Message:

Clearly when the govt mandates something, it WILL HAPPEN!!!! --50.4.xxx.x




Walmart all $11/hr (by Tom [FL]) Posted on: Jan 12, 2018 6:10 AM
Message:

Overburdening Government Regulations and Excessive Business Taxes will hurt business expansion: buying a new business, expanding an existing business, hiring new employees, updating old machinery. Removal of burdensome regulations created by the previous admin and reducing taxes will be a benefit for companies to expand business.

Compare two business models Sears/Kmart and Walmart. How many Sears have closed over the last several years. There has been an expansion of Walmarts especially the smaller neighborhood Walmarts. Over the past 5 years I have noticed a change in Sears the products they carry. PLUS the brick and mortar stores are having to change due to online orders. How many people ordered Xmas gifts online and never stepped foot into a Brick and Mortar store.

Burger King in the area has closed a store. However Chick-Fil-a and Panera Bread have expanded.

In part making changes to the business model is important Sears may no be around in a few years.

Have you noticed McDonalds many of the older style buildings have been torn down and a new redesigned restaurants are built.

The same with the Landlording Biz have you made improvements to your business plan. Improved your screen methods? Spruced up your rental units? Sold a problem unit 1031 exchange and purchased in a better location? Improved your lease keeping up on the changes in your States Landlord Tenant law. 2018 may be your year to add more units OR it may be your year to unload all your units, either sell the units or transfer ownership to your children. That's if they are old enough to manage the units.

Screen well, give repair work orders immediate attention and zero tolerance from your tenants!!!

2018 Will Be Your Best Year Yet

--99.56.xx.xx




Walmart all $11/hr (by David [MI]) Posted on: Jan 12, 2018 6:17 AM
Message:

hard to expand rental biz when prices for houses have gone up by 50% but rents have not budged. --12.156.xxx.xx




Walmart all $11/hr (by nhsailmaker [NH]) Posted on: Jan 12, 2018 7:50 AM
Message:

Right on Tom FL - For every Eastern Airlines that closes a new Southwest Air appears. For every Woolworth's that dies a Target opens. - Simple necessary economic obsolescence theory. Let Sears / Kmart and JC Penny die and malls close and there will be creative new business that replace them. Heck there are online tailors making shirts specifically to you with a picture from your phone - MAKE AMERICA GREAT AGAIN - yahoo!!!! --24.34.xx.xxx




Walmart all $11/hr (by nhsailmaker [NH]) Posted on: Jan 12, 2018 7:55 AM
Message:

QUOTE "hard to expand rental biz when prices for houses have gone up by 50% but rents have not budged". Correct - Therefore dont become a buggy whip manufacturer = get creative and expand your horizon. Heck AirBNB and UBER seems like they just started yesterday. When handed lemons......Make lemonade !!...sell and reinvest in something new - think outside of the box --24.34.xx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 12, 2018 8:02 AM
Message:

nhsailmaker, when uber started, the drivers were making bank. But now that supply and demand have stabilized, they are lucky to be making minimum wage after costs.

But yes, I am looking at an new online venture, but rest assured, it will make money not because its novel or interesting but because i can force significant tax bennies out of it. Just like my rentals. --12.156.xxx.xx




Walmart all $11/hr (by Moshe [CA]) Posted on: Jan 12, 2018 10:15 AM
Message:

" hard to expand rental biz when prices for houses have gone up by 50% but rents have not budged "

Interestingly enough, this morning's news reports how treasury bonds (good measure of inflation) has risen above 2% for the first time in a long time. Bloomberg attributes it to fast rising housing costs.

If prices for houses have gone up (yes, they have), then you should be getting higher prices for rents. If that part of your investments are not working out, then maybe you need to work harder at your investment strategy.

If you simply work for a wage and go in at the same time every day, and go home at the same time every day, then you will not be identified as a hard worker.

If you are an entrepreneur, then the opportunity to make more money and to keep more of it will encourage you to be more active, take more risks, brainstorm for new strategies, and make extra efforts to earn a profit. And, of course, how effective you are with your time is relative.

--47.139.xx.xxx




Walmart all $11/hr (by Chris [CT]) Posted on: Jan 12, 2018 10:25 AM
Message:

I know Walmart is the medias favorite whipping boy, but I don't get why they get so much flak. They employee a lot of people and it seems if your in management they are no better or worse to work for than any other company.

Source a friend of mine is a high level manager with them. --24.45.xxx.xx




Walmart all $11/hr (by Vee [OH]) Posted on: Jan 12, 2018 10:41 AM
Message:

The former employees from Sears, Macy's, JC Penney, Burger King, K-Mart, McDonalds (they are ditching the sit down idea - aim to the drive thru, lower employee count and reduce the cleaning/lighting/hvac cost), insert a grocery chain name and others will either be operating a fulfillment center or pacing the aisles at Walmart. --76.188.xxx.xx




Walmart all $11/hr (by David [MI]) Posted on: Jan 12, 2018 11:13 AM
Message:

"If prices for houses have gone up (yes, they have), then you should be getting higher prices for rents." Rents have gone up MAYBE, MAYBE 10%. Thats far away from 50%. Moreover, it would make sense that in an improving economy, more people are buying houses instead of renting, thus pushing up house prices but leaving rents stable.

My extra effort is to work less at the same wage while using the time at work to be an entrepreneur taking advantage of loopholes in the tax law. --12.156.xxx.xx




Walmart all $11/hr (by Moshe [CA]) Posted on: Jan 12, 2018 12:17 PM
Message:

David: My point was that rents SHOULD HAVE gone up commensurate with the value of the rental property. If they haven't, then there is something wrong with the situation as an investment.

Is there an excess of housing available in your investment area, compared to the renter pool? Are wages depressed, like too many workers looking for jobs compared to number of available jobs? All of these are factors that need to be considered when contemplating an investment. Did you know this when you planned your housing investments? Did you plan for normal economic cycles? Seeing now what kind of return your investment capital is bringing, is it still a good investment? Is it worth to consider changing your investment strategy? Is it hard work?

--47.139.xx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 12, 2018 12:47 PM
Message:

Moshe, the housing prices simply recovered to pre-recession levels, so no, there's no reason why rentals should also go up.

So while I still earn a good return on my existing rentals, there's no incentive for me to expand. Especially since the new tax bill does not include rentals in the rule allow immediate deduction of capital expenditure. --12.156.xxx.xx




Walmart all $11/hr (by David [MI]) Posted on: Jan 12, 2018 12:48 PM
Message:

that should be "there's no reason why RENTS should also go up" --12.156.xxx.xx




Walmart all $11/hr (by Ray-N-Pa [PA]) Posted on: Jan 12, 2018 3:34 PM
Message:

This is good news.......but then how does this make Walmart compete with Amazon?

In a world global market place......$11/hour isn't too shabby if the average family income in specific third world countries is only $250/month --24.101.xxx.xxx




Walmart all $11/hr (by BillW [NJ]) Posted on: Jan 12, 2018 6:26 PM
Message:

S i d, that was an awesome post!!

Interesting about "purchasing power... a little tough to measure, ... since a smart phone today has more computing power than all of NASA did in the 1980s" Mind boggling!

And: "there is no free lunch." and "raise the minimum to a 'living wage' will always be an exercise in futility." Like would you hire anyone for $15 when their output was only worth $10?

I think it's so true, what you said that: "The only long-term way to become wealthier is to bring more value to market."

--68.83.xx.xxx




Walmart all $11/hr (by Don [PA]) Posted on: Jan 12, 2018 9:35 PM
Message:

As the hoardes of illegal immigrant workers are reduced, the labor market for unskilled and semi skilled workers will tighten and wages will rise. --73.141.xxx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 13, 2018 2:52 AM
Message:

To synthetise the last two posts

It doesn’t matter if someone’s work is only “worth” $10/hr to you, their pay is determined by the market.

If the supply of labor decreases then pay will increase. Regardless of how much value you perceive --50.4.xxx.x




Walmart all $11/hr (by RB [MI]) Posted on: Jan 13, 2018 3:04 AM
Message:

Make More $$$ = Spend More $$$ --47.35.xx.xx




Walmart all $11/hr (by WMH [NC]) Posted on: Jan 13, 2018 6:33 AM
Message:

Don/PA, young Americans don't WANT the jobs that the illegals do. Landscaping, farm labor, some construction etc.

I had a friend with a landscaping company. It doesn't matter what she paid - no one wants the job because it is HARD HOT physical labor.

The best roofer on the beach: the company employs almost all illegals. It has to - can't find the skills among the locals.

We import workers here from Russia, the Ukraine to work in retail stores - because the locals don't show up for work and/or can't pass the drug test.

Our Home Depot is pretty much staffed by retired men and a lot of women because the local young men can't pass the drug test. It's a simple fact of life here. --50.82.xxx.xx




Walmart all $11/hr (by BillW [NJ]) Posted on: Jan 13, 2018 9:23 AM
Message:

David, I agree in a market economy, wages are determined by the market. I was talking about the minimum wage, which is not determined by the market, but by a government mandate.

It is true that you wouldn't hire someone for $15 if the worker's skill set can only provide and output worth $10. At least I wouldn't :-) --68.83.xx.xxx




Walmart all $11/hr (by David [MI]) Posted on: Jan 13, 2018 9:27 AM
Message:

WMH, there is no such thing as "dont want the jobs" or "no one wants the job" or "can't find the skills" or "don't show up for work" or "can't pass the drug test."

If the landscaper, farm, roofing, HD, etc, paid $1MM a year then they'd have highly qualified individuals out around the block. The problem is NOT insufficient labor, it is that these companies do not want to pay the MARKET wage.

During a large snowstrom last month, I happened to check on the price of an uber to the airport. Surge pricing kicked in and the price was something like 4x regular price, because no one wanted to drive in the snowstrom. Just like how no one wants to do "HARD HOT physical labor" at the pay they are offering

Whether immigration is a solution is a separate question, but the solution can be found from simple supply and demand. --50.4.xxx.x




Walmart all $11/hr (by David [MI]) Posted on: Jan 13, 2018 9:29 AM
Message:

The $11/hr being discussed here is NOT a govt mandate. Walmart decided on its own, based off the tax law, to institute their new pay.

If I needed a job done and the budget existed, I would pay $15 even if their "output only worth $10" --50.4.xxx.x




Walmart all $11/hr (by Smokowna [MD]) Posted on: Jan 14, 2018 2:03 PM
Message:

David, I believe you need to also look at cause and effect.

The landscaper won't pay (funny...Landscaper..nothing more than grass cutter and mulch tosser...Inflated titles go hand in hand with this subject).

The Landscaper won't pay $20 an hour because the wealthy home owners have allowed out-of-status people in to do the work. While this scenario exists, the US born guy can't do the job because he wants to support a family and not live in a group home. Many families sharing one single family.

I also believe this is a direct result of local government mandate. If you jump in and raise the min wage, you have taken the lead over other companies for the purpose of marketing yourself as a good guy. When in fact you can limit hours and cut other benefits.

What I'm pointing out is not whether you are right or wrong in what you post, but rather that a more full scenario needs to be included. Another way to say it is other problems would need to be resolved before the natural supply and demand would work again.

--74.96.xxx.xxx




Walmart all $11/hr (by S i d [MO]) Posted on: Jan 15, 2018 11:31 AM
Message:

David, I'm a little late getting back to your question.

To some extent, any change is tax law "rigs" the economy. Want more people to buy more expensive primary residences? Make the interest fully tax deductible (present state). Want to dampen that down a bit? Make the interest only partially deductive below a certain threshold (future state). Granted, interest is fully deductible up to some amazingly high amount like $1,000,000 I think (don't quote me on the number, I don't recall), and of course someone buying that much house isn't thinking about how they will afford getting their next pot of potato soup on the stove...but it does have a secondary effect. If I can buy an asset today knowing I will save $5,000 in taxes this year by deducting that amount from my gross income, then I can probably use that money elsewhere, which makes me happy, which makes me okay with "splurging" a little more on a nicer house.

It's not a perfectly balanced and predictable system where you can say $X in tax cuts will product $Y in behaviors. Wouldn't it be nice if we had such a flawless analytical tool so whenever the economy slows down or heats up too much we could just tweak these variables here and get a guaranteed outcome in 6-12 months? That's what centrally planned economies have tried--and failed--to achieve on mass scale over the centuries.

But even though we don't have a perfect tool for predicting the magnitude of tax changes on behaviors, we can see--in hindsight--how effective certain "incentives" end up causing Z% of the population to do things differently. One of the easier to recall examples of this recently was the "cash for clunkers" program. Lots of new cars got sold in a time when, given the economics of the time, it is unlikely manufacturers would have sold that many. Did it cause enough of an impact to outweigh other economic factors? Eh, that's harder to tell. I'll let the PhD in Economic students sort that out. They're still trying to definitively aswer the question about did Roosevelt's New Deal end the Great Depression or did WW2 (or both)? But the fact is more new cars were sold, and more old cars were scrapped. Folks who did that got a sweet tax break as a reward for doing what the Govt wanted them to do, and they had some extra cash to go buy other stuff after wards (or spend on car payments).

So yeah, the current tax code changes will change how some of us behave. Others won't change. This shouldn't be a startling revelation. The only debate is how many will change their behaviors and by how much? That ought to be enough material for the 22nd centuries Economic PhD students to debate.... As for me, I'm not buying much now either. Too expensive under current conditions. But if Mr. Trump wants to add on a $10,000 tax incentive for buying cheap houses and fixing them up... I'd be tempted. --173.19.xx.xxx



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