broken iris wrote:Not sure how sustainable this is in the long term (or even short term really):
I am a bit surprised that after the economic melt down of the last decade that there are > 24 million millionaires.
not sustainable. in the end, consumption, present or future, drives growth (what's the point of investment without eventual consumption? if it's privately funded, too much investment is what we call a debt bubble). for various reasons, people tend to consume less as a portion of their income as they make more money.
if huge gulfs in income growth arise, but consumption stays more evenly split (this might even be encouraged, as under "the ownership society"), you're inevitably going to have decreasing savings/increasing debts for the poorer part of the population.
Wal-Mart to Pull Out of D.C. After Minimum-Wage Vote
Wal-Mart is not happy with recently passed legislation to raise the minimum wage in Washington, D.C. So much so that the retail giant has said it will scrap three planned stores in the area.
Following the vote, Wal-Mart spokesman Steven Restivo issued a statement regarding the future of D.C. Wal-Mart stores.
"Nothing has changed from our perspective: we will not pursue Skyland, Capitol Gateway, and New York Avenue and will start to review the financial and legal implications on the three stores already under construction. This was a difficult decision for us—and unfortunate news for most D.C. residents—but the Council has forced our hand," he said.
The decision to pass the bill came after a team of Wal-Mart executives and lobbyists delivered their ultimatum personally to D.C. Council members less than 24 hours before the vote.
But remember guys, minimum wages don't have disemployment effects.
Also recall, it was Walmart that was holding the gun to the head of the council, not the other way around.
Last edited by simple schoolboy on Fri July 12, 2013 2:31 am, edited 1 time in total.
Wal-Mart to Pull Out of D.C. After Minimum-Wage Vote
Wal-Mart is not happy with recently passed legislation to raise the minimum wage in Washington, D.C. So much so that the retail giant has said it will scrap three planned stores in the area.
Following the vote, Wal-Mart spokesman Steven Restivo issued a statement regarding the future of D.C. Wal-Mart stores.
"Nothing has changed from our perspective: we will not pursue Skyland, Capitol Gateway, and New York Avenue and will start to review the financial and legal implications on the three stores already under construction. This was a difficult decision for us—and unfortunate news for most D.C. residents—but the Council has forced our hand," he said.
The decision to pass the bill came after a team of Wal-Mart executives and lobbyists delivered their ultimatum personally to D.C. Council members less than 24 hours before the vote.
But remember guys, minimum wages don't have disemployment effects.
Wal-Mart to Pull Out of D.C. After Minimum-Wage Vote
Wal-Mart is not happy with recently passed legislation to raise the minimum wage in Washington, D.C. So much so that the retail giant has said it will scrap three planned stores in the area.
Following the vote, Wal-Mart spokesman Steven Restivo issued a statement regarding the future of D.C. Wal-Mart stores.
"Nothing has changed from our perspective: we will not pursue Skyland, Capitol Gateway, and New York Avenue and will start to review the financial and legal implications on the three stores already under construction. This was a difficult decision for us—and unfortunate news for most D.C. residents—but the Council has forced our hand," he said.
The decision to pass the bill came after a team of Wal-Mart executives and lobbyists delivered their ultimatum personally to D.C. Council members less than 24 hours before the vote.
But remember guys, minimum wages don't have disemployment effects.
Wal-Mart to Pull Out of D.C. After Minimum-Wage Vote
Wal-Mart is not happy with recently passed legislation to raise the minimum wage in Washington, D.C. So much so that the retail giant has said it will scrap three planned stores in the area.
Following the vote, Wal-Mart spokesman Steven Restivo issued a statement regarding the future of D.C. Wal-Mart stores.
"Nothing has changed from our perspective: we will not pursue Skyland, Capitol Gateway, and New York Avenue and will start to review the financial and legal implications on the three stores already under construction. This was a difficult decision for us—and unfortunate news for most D.C. residents—but the Council has forced our hand," he said.
The decision to pass the bill came after a team of Wal-Mart executives and lobbyists delivered their ultimatum personally to D.C. Council members less than 24 hours before the vote.
But remember guys, minimum wages don't have disemployment effects.
Also recall, it was Walmart that was holding the gun to the head of council, not the other way around.
Vincent B. Orange (D-At Large), a backer of the bill, said the announcement revealed its “true character.”
“For them to now stick guns to council members’ heads is unfortunate and regrettable,” he said.
Additionally, if I'm not mistaken, a city council member that actually voted against the bill also said that she did not appreciate Walmart holding a gun to the council's head. They confuse voluntary action (deciding whether or not to open a business) with coercive action (demanding x in exchange for operating a business).
As an added bonus, I believe that Vincent B. Orange might be up for corruption charges shortly. A stand up guy fighting for his community improperly defamed, no doubt.
Wal-Mart to Pull Out of D.C. After Minimum-Wage Vote
Wal-Mart is not happy with recently passed legislation to raise the minimum wage in Washington, D.C. So much so that the retail giant has said it will scrap three planned stores in the area.
Following the vote, Wal-Mart spokesman Steven Restivo issued a statement regarding the future of D.C. Wal-Mart stores.
"Nothing has changed from our perspective: we will not pursue Skyland, Capitol Gateway, and New York Avenue and will start to review the financial and legal implications on the three stores already under construction. This was a difficult decision for us—and unfortunate news for most D.C. residents—but the Council has forced our hand," he said.
The decision to pass the bill came after a team of Wal-Mart executives and lobbyists delivered their ultimatum personally to D.C. Council members less than 24 hours before the vote.
But remember guys, minimum wages don't have disemployment effects.
This is a big blow to DC's Ward 7.
Art galleries and bike paths create prosperity for the least economically-advantaged amongst us, not Wal-Marts.
please explain this - not the bit about walmart - in what way do art galleries and bike paths create prosperity for the least economically advantaged?
Dev wrote:you're delusional. you are a sad sad person. fuck off. you're mentally ill beyond repair. i don't need your shit. dissapear.
Wal-Mart to Pull Out of D.C. After Minimum-Wage Vote
Wal-Mart is not happy with recently passed legislation to raise the minimum wage in Washington, D.C. So much so that the retail giant has said it will scrap three planned stores in the area.
Following the vote, Wal-Mart spokesman Steven Restivo issued a statement regarding the future of D.C. Wal-Mart stores.
"Nothing has changed from our perspective: we will not pursue Skyland, Capitol Gateway, and New York Avenue and will start to review the financial and legal implications on the three stores already under construction. This was a difficult decision for us—and unfortunate news for most D.C. residents—but the Council has forced our hand," he said.
The decision to pass the bill came after a team of Wal-Mart executives and lobbyists delivered their ultimatum personally to D.C. Council members less than 24 hours before the vote.
But remember guys, minimum wages don't have disemployment effects.
This is a big blow to DC's Ward 7.
Art galleries and bike paths create prosperity for the least economically-advantaged amongst us, not Wal-Marts.
please explain this - not the bit about walmart - in what way do art galleries and bike paths create prosperity for the least economically advantaged?
I'm not being obtuse. I want to know where you're going with that statement. I'm all about art and the cultural value of having access to art galleries, and even the value of bike paths but I must be dumb because I've never known either to create economic value for poor people.
intellectual value - yes. spiritual value - yes (not in the religious sense) but I'm interested in understanding how they specifically create economic value.
Dev wrote:you're delusional. you are a sad sad person. fuck off. you're mentally ill beyond repair. i don't need your shit. dissapear.
Green Habit wrote:Biking is actually a very cost-efficient way to commute. I know it from my own experience. Encouraging it would definitely help out the poor.
The bike path in the areas that Walmart pulled out of has been the scene of a few recent... uh, what's the right way to say this... "youth gang attacks on cyclists". They need food and jobs first. Working at Walmart is shitty, but shitty is better than nothing.
