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philosopher

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Does this sound like the economy is doing well?

What America needs is jobs and products made well in the USA.
If Apple made phones here I buy them.
See link.
http://www.thegatewaypundit.com/2018/01/apple-pump-350-billion-economy-pay-38-billion-taxes-thanks-trump-tax-reform-will-buy-netflix/

272 day(s) ago

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Answers (1)

Kravenhead
I saw an interview with Apple's CEO and he said the decision was in part due to the new tax plan, and in part, other considerations.
Here's a little more detailed account. https://www.fool.com/investing/2018/01/17/apple-incs-350-billion-commitment-to-the-us-econom.aspx

The problem in my view is this. Everyone has to benefit, both business', large and small, and consumers (the average Joe) , for a plan to work long term. If not, you get a surge, but it's not sustainable.
We've seen that playout a number of times in the past.
In fact, corporate profits have been at an all time high for a long time, and we haven't seen that "trickle down".
During that same period, wages have all but stagnated, and benefits have been stripped away.
We'll have to wait to see how this all plays out long term.... This time.

Posted 272 day(s) ago

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Kravenhead
270 day(s) ago
I feel the same way. I want to see things in person before I buy them.
The last time I was at the Mall of America, it was almost empty on the floors where the shops are.
The amusement park in the center was packed, but the rest was like a ghost town.
I hear you'll have temps like ours tomorrow. Around 40 degrees. Yay!

philosopher
270 day(s) ago
LOL I tell them all you can not compete with amazon prime. People shop at mall stores to buy in person. We want to touch clothes, feel material and try things on. Buying clothes on line is not right for me.
I bought some clothes on line this year. Some fits great and some I will not buy again because it not prefect.
Their expanding our mall and all stores carry less of what I want.
Penmark took over Sears top floor. Their cheaper and remind of Alexander’s but, the quality is probably worse. I got few things there.

philosopher
270 day(s) ago
I am sad about Sears.
I shopped at Kid's Advantage and saved a lot. I loved Lands End quality but, they closed it this month. They has good sales. On line cost more and I will not pay shipping. We got there Snow Blower last year. My husband choose it over what Home Depot had. I hope we can hire people anyway. We shoveled our whole married life. Our health comes first.
I use get other clothes at Sears. Now they have no clothes.
This year Penny's stopped carrying much of the clothes I liked. Penny's stopped carrying my jeans yeas ago. They told me to buy on line. I said, I like to touch clothes before buying and dislike buying on line. I said, why should I pay shipping when I am at your store. Twitter took off shipping one time.

Kravenhead
270 day(s) ago
I hope they do too.
Sears is really struggling. I kind of doubt they'll survive.
You would think that after many years of running a successful catalog business, it would have been easy to transition that to an online business. I think their management fumbled the ball.

philosopher
270 day(s) ago
I never liked the Walmart family but, it sounds like many low income people will benefit. I noticed signs looking for help in store windows recently.
I hope our stores hirer more sales help Penny's has no help. Macy's is a little better and Sears has no help.
I hope those laid off find better jobs.
The ATT deal sounds better.

Kravenhead
271 day(s) ago
Yeah... Target is nicer, and a liitle more expensive.

There are some catches to the Walmart bonus issue.
Here's some details:

In February, the retailer will raise its starting wage to $11 per hour. Walmart will also expand its paid leave policy to provide 10 weeks of paid maternity and 6 weeks of paid paternity leave, and offer an adoption benefit of $5,000. Employees will also be eligible for a bonus of up to $1,000, depending on their tenure with the organization.

Laid-off employees are eligible for the bonus, which amounts to as much as $1,000 for employees who’ve worked for the company for 20-plus years.


More than 20 years: $1,000

15 to 19 years: $750

10 to 14 years: $400

5 to 9 years: $300

2 to 4 years: $250

Less than 2 years: $200

On the same day, Walmart also announced that it will close 63 Sam’s Club locations across the U.S., affecting about 9,400 employees.

“In some cases, employees were not told their store had closed before showing up to work on Thursday,” wrote Hayley Peterson at Business Insider. “Those employees learned their store would be closing when they found the store’s doors locked and a notice announcing the closing, Sam’s Club workers told Business Insider. At some stores, employees were turned away by police officers.”

Other employees were notified via letters sent through FedEx.

A Walmart official told Peterson that 10 of the 63 stores will be turned into ecommerce distribution centers. Employees will be able to reapply for jobs at those locations. The remaining stores will close permanently.

It's not quite as rosy as they made it sound.

Thousands of Walmart workers lost their jobs, and you have to work there for 20 years to get that $1,000 bonus.

ATT did the same thing. Made a big show of bonuses, but is also laying off thousands of workers.

In light of that information, I would say the bonus announcements were intended to shape public opinion regarding the Tax Plan.
Companies like those stand to make millions, if not billions off this Tax Plan, so they wanted the public to get behind it. Announcing bonuses was a fairly cheap way of doing that. Especially since bonuses are a one time deal, and they'll be offset by layoffs.

philosopher
271 day(s) ago
Of course many companies gave bounces and raises but, I never before heard of Walmart doing that.
LOL. I went to Walmart in NJ we have no Walmart here. We have Target. I do not like either but, Tsrget is nicer.

philosopher
271 day(s) ago
Walmart gave people raises and $1000 bonuses.

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