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Old 12-29-2014, 09:37 PM   #1
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Walmart Must Pay $188 Million to Settle Claims of Cut Rest Breaks

http://time.com/3636022/wal-mart-set...break-workers/

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Walmart has been ordered to pay $188 million over claims by employees that the company regularly cut their breaks for meals and rest. The payment would be a settlement for a class-action lawsuit that went all the way to the Pennsylvania Supereme Court. The ruling would hurt Walmart’s earnings, the company said, by reducing its profits from continuing operations by 6 cents per share. Wal-Mart said it may appeal the decision.

The lawsuit involved 187,000 Pennsylvania-based Walmart employees. They worked at the retailer between 1998 and 2006.
They should be glad that the job creators gave their sorry a$$es an opportunity.
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Old 12-29-2014, 09:50 PM   #2
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http://time.com/3636022/wal-mart-set...break-workers/



They should be glad that the job creators gave their sorry a$$es an opportunity.
Those sweet minimum wage jobs, I'm surprised they even want to take breaks when they work at such a wondrous place.
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Old 12-29-2014, 10:02 PM   #3
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Good. Fuuck Walmart.
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Old 12-29-2014, 10:48 PM   #4
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Old 12-29-2014, 10:53 PM   #5
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Poor wage/hour management. Dumb employees, dumb managers, dumb HR people, smart employment lawyers.
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Old 12-29-2014, 11:07 PM   #6
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Piss poor management. Costco will show 'em how it's done.

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Old 12-29-2014, 11:53 PM   #7
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Free market at work. Walmart fvcked up, and is being punished. All is right with the world.
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Old 12-30-2014, 12:04 AM   #8
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Free market at work. Walmart fvcked up, and is being punished. All is right with the world.
"Free market" is not correct. They're being smacked for failure to adhere to govt regulations. The employer and employee are not allowed to come to an agreement about what breaks are reasonable/appropriate. They're mandated by the state, regardless of work load, traffic times, staffing levels, individual employee's productivity and energy levels and so on.

In a free market, I could tell my boss I want to leave 15 minutes early today so I'll just skip my break, and that would be all fine and dandy. But state law (CA state law, I'm assuming PA is similar) doesn't allow that very reasonable conversation to happen. Or at the very least, my boss will feel compelled to document it, have me sign a form saying I'm waiving my break period, and they'll keep that documentation on file for the next 72 years just in case I ever decide to sue them or complain to the state labor board about the arduous working conditions. I'm required by state law to take a 15 minute break, and CA law goes so far as to say which hour my break must occur by given the number of hours I'll work that day.

Wage/hour is govt meddling at a pretty detailed level, so I wouldn't call that "free market" by any stretch.

15% of WalMart's best workers quit and went to work for Target last year because Target offers more flexible or generous break schedules? That would be free market.
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Old 12-30-2014, 12:10 AM   #9
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"Free market" is not correct. They're being smacked for failure to adhere to govt regulations. The employer and employee are not allowed to come to an agreement about what breaks are reasonable/appropriate. They're mandated by the state, regardless of work load, traffic times, staffing levels, individual employee's productivity and energy levels and so on.

In a free market, I could tell my boss I want to leave 15 minutes early today so I'll just skip my break, and that would be all fine and dandy. But state law (CA state law, I'm assuming PA is similar) doesn't allow that very reasonable conversation to happen. Or at the very least, my boss will feel compelled to document it, have me sign a form saying I'm waiving my break period, and they'll keep that documentation on file for the next 72 years just in case I ever decide to sue them or complain to the state labor board about the arduous working conditions. I'm required by state law to take a 15 minute break, and CA law goes so far as to say which hour my break must occur by given the number of hours I'll work that day.

Wage/hour is govt meddling at a pretty detailed level, so I wouldn't call that "free market" by any stretch.

15% of WalMart's best workers quit and went to work for Target last year because Target offers more flexible or generous break schedules? That would be free market.
I didn't mean it that literally, but you are correct.
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Old 12-30-2014, 12:51 AM   #10
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If perfect competition truly existed, these types of situations probably wouldn't happen.
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Old 12-30-2014, 06:56 AM   #11
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Old 12-30-2014, 08:34 AM   #12
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WalMart's FY2014 total revenue was $476 billion.

$476 BILLION!

For simplicity, let's assume all of their stores operate 24/7/365. They'll make back that $188 million in about 3.5 hours.
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Old 12-30-2014, 08:44 AM   #13
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188 million for 188k workers? so what they get like 1k each
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Old 12-30-2014, 09:07 AM   #14
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If perfect competition truly existed, these types of situations probably wouldn't happen.
Do tell (I'm pretty sure you're incorrect).

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WalMart's FY2014 total revenue was $476 billion.

$476 BILLION!

For simplicity, let's assume all of their stores operate 24/7/365. They'll make back that $188 million in about 3.5 hours.
Revenue is not profit. They made $17 Billion in profit last year, so they can still afford this, but it hurts at least a little bit. I'm pretty sure no company made anywhere close to $500 billion in profit last year.
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Old 12-30-2014, 09:08 AM   #15
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Old 12-30-2014, 09:12 AM   #16
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Do tell (I'm pretty sure you're incorrect).







Revenue is not profit. They made $17 Billion in profit last year, so they can still afford this, but it hurts at least a little bit. I'm pretty sure no company made anywhere close to $500 billion in profit last year.

Berkshire Hathaway got kinda close-ish.
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Old 12-30-2014, 09:30 AM   #17
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Revenue is not profit. They made $17 Billion in profit last year, so they can still afford this, but it hurts at least a little bit. I'm pretty sure no company made anywhere close to $500 billion in profit last year.
I realize that. I just wanted to provide some perspective.

From the perspective of profits, $188M is just over 1% of their FY2014 profits. Still a pretty small piece of the pie.
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Old 12-30-2014, 09:47 AM   #18
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Berkshire Hathaway got kinda close-ish.
It looks like they made $20 billion. There are a handful of companies that did that, and it's not even close. Is my number wrong?
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Old 12-30-2014, 09:51 AM   #19
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I was looking at revenue rather than net income. You're correct in that net income was $20 billion. Their revenue was $182 billion.

http://www.sec.gov/Archives/edgar/da...656225d10k.htm
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Old 12-30-2014, 10:32 AM   #20
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don't forget that walmart employees collect billions in welfare:


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Walmart's low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published to coincide with Tax Day, April 15.
http://www.forbes.com/fdc/welcome_mjx.shtml
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