Anyone see this? "Walmart CEO Expects Inflation by June"

[tonyjones]

If you want to know about inflation check out the National Inflation Association at inflation.us and sign up. Membership is free.
Tony

[bowfin]

I used to make $17.00 an hour. Gas was under two bucks a gallon, a Star Wars action figure was $3.47 (for the kids, not me), and I bought 550 rounds of .22 long rifle ammunition for $10.99...

...now I make $17.02 an hour. Gas is $3.50 a gallon, a Star Wars action figure is $6.87, and that .22 ammo is now $19.00. My electric bill went up 11%, and is scheduled to go up double digits next year. That eats up that extra 2¢ awful fast.

Then again, I'm glad I am not just starting out, and it's easier to be happy with what you have and not try to have what you think will make you happy.

Only twice in 18 years has my wages increased more percentage wise than the tuition at the in state universities.

My father had to work 471 hours to buy a new Chevrolet pickup. Doing similar work, I would have to work 1,764 hours at the same type job to buy a new Chevrolet pickup.

[azcruiser]

Easiest and fastest way to get the country back on track would be to export the 15 million Illegal immigrants .This would help cut down the unemployment numbers .The best way to stop using so much gasoline is to deport 15 million illegal immigrants less oil imported .Exporting 15 million illegal immigrants would put a big dent in the health care cost. Save a huge amount on boarder state budgets . Heck in AZ think the number is now something like 1 in 8 are here illegally . Or go what they do in Australia think you need $100,000.00
speak and write English .One of you guys who's good with math whats 15million x $100,000.00 dollars =

[azcruiser]

bofin like the numbers did it with my first brand new car 1971 vw super beetle cost $1300.00
was making $10.00 hr came out to 130 hrs .It was a union job back then .

[BorderBrewer]

Inflation? how bout hyperinflation....

http://www.stansberryresearch.com/pr...VD/PPSIM177/PR

[beanflip]

Easy answer: don't shop at the Great Wal(l)Mart of China anymore. They are going to need a lot higher profit margins to pay Albert Pujols that $300 million ten-year contract he wants. I have decided my family is going to look for the Made In America tag on everything from now on.

regards,

Rich

Good luck finding all the items that you want or need that are MADE IN USA.

Just for instance tires....... the only ones that are made in the USA are the brand COOPER TIRES.

Oh take a look at the new firearms that are available today that we buy now just think......are all the parts of the firearms MADE IN THE USA?


Just my 2¢ worth

[Bret4207]

In 1981 I was in Korea. While there I saw dozens of shoe shops where Dunham boots ( a big brand in the US at the time) were being made. I watched the "Made in the USA" tag get sewn on. I agve up looking for the tag right then.

Nothing is "made in the USA" anymore. The Cooper tire might be manufactured in the USA, but where do all the products to make the tire come from? A Marlin rifle might be manufactured int he US but where does all the steel and plastic come from? Where is it mined?

We live in a global economy. I don't have a huge issue with buying an item made with plastics from Saudi oil, Korean steel, Russian wood, Brazil copper, etc. We don't allow the steel industry to produce anything here, or for copper mines to run, or to drill for oil, etc. Our gov't has made doing business elsewhere and stamping the product "USA" not only legal but entirely more profitable. And then there are the UNIONS that can't seem to be happy with a decent wage, the socialists and communists among that work to tear the bigger fish into bite sized pieces so no me can excel.

Good luck with shutting Walmart down. When you do you can turn to gov't to fix the problem you created.

[blasternank]

My Dad was big in the early 80's and beyond trying to get people to buy only in the USA. Now he admits as everyone else that it is impossible to buy everything made in the USA. Given a chance I'll pick USA for everything but you rarely can find that. Look at Ford and all the "American" automakers. Most of their components and all that come from other countries. Sure they are located here but that's it. Honda, Toyota and all of them are foreign companies but have factories here and build them here in the USA. Sure most profits go overseas but the workers and communities benefit greatly as a result of their factories.

[Storydude]

Good luck finding all the items that you want or need that are MADE IN USA.

Just for instance tires....... the only ones that are made in the USA are the brand COOPER TIRES.

Oh take a look at the new firearms that are available today that we buy now just think......are all the parts of the firearms MADE IN THE USA?


Just my 2¢ worth

I guess the Dunlop Plant 20 miles from my door doesn't make tires?

I'll bet the guys I know that work there would be shocked to know this.

[Rafe Covington]

Bret4207, I am with you. All these walmart haters have not a clue. Walmart employs a HUGE amount of people and many of those make a very good wage. Lets see delivery driver $80 to 90 thousand a year, warehouse worker $14 hour (in Mississippi), Maintainece worker in same warehouse $20 hour, store manager $100k ish ( had a relative that did startups and he made around $250k after bonus (hear say), department manager makes retail standard wage, cashier retail standard, then there is the construction worker, truck driver that brings goods to walmart DC $60,000, then there is the supply chain employee's.
Many people do not understand that retail companies do not have many full time employee's. Most of the people you see at the store's are part time. It is just how it works in retail from walmart to kroger to public's to target and on and on and on.

It seems to me that there are a bunch of UNION snobs here hating on the most prosperous company in the country. Go a head Hate, hope they fail. If they were to go under this country will fall harder than a 100 lead ball droped from 50,000 feet! Then all you haters could be happily paying whatever mark up the mom and pop wanted because there would be no competition. Then you can start hating on them and they can go out of business. And you can grow your own food. OOOOOOPS!!! Sorry I forgot most people do not live where they can garden or are too lazy, sorry. Well you can eat FIDDO and when he is gone you can eat your neighbor, if they do not eat you first.

So go a head KEEP HATING

I totally agree with you on this

Rafe

[GLL]

Buy your wheelbarrow now so you can haul your dollar bills to the bakery to purchase bread.

Unfortunately that wheelbarrow is probably made in China ! Trying to find "Made In America" in the stores sometimes requires real effort on the buyers part. Small appliances and electronics are really tough to find ! You might as well buy them at WalMart where they are cheap and they employ locals.

It took me four REAL hardware stores ( not WalMart/OSH/HomeDepot types) before I found a 15 pound sledge hammer made in USA ! SAD ! Anyone ever use a Chinese sledge hammer? I have destroyed them in just one summer field season breaking rocks !

Jerry

[garbear]

Thank goodness we have the means to grow most of our food. enough said We aren't going to starve due to infalation


The only thing I dislike about Walmart is there is no quick trip in and out. With a large family we try and cut our cost as much as possible. There isn't a Walmart in my whole county. I have to go either up to Payson Utah about 60 miles north or to Ceder City Utah a 2 hr drive south. Any time we go these places we got to Wally world

[jcwit]

To all the WalMart bashers and those that call it chinamart, and those that refuse to shop there, better take a look at the tags telling them the country of origin and take a look under their keyboard to see where the computer is made, might check the large screen television also. Take a look at all the electronice in their vehicles also.

[nanuk]

Bret4207, I am with you. All these walmart haters have not a clue. Walmart employs a HUGE amount of people and many of those make a very good wage. Lets see delivery driver $80 to 90 thousand a year, warehouse worker $14 hour (in Mississippi), Maintainece worker in same warehouse $20 hour, store manager $100k ish ( had a relative that did startups and he made around $250k after bonus (hear say), department manager makes retail standard wage, cashier retail standard, then there is the construction worker, truck driver that brings goods to walmart DC $60,000, then there is the supply chain employee's.
Many people do not understand that retail companies do not have many full time employee's. Most of the people you see at the store's are part time. It is just how it works in retail from walmart to kroger to public's to target and on and on and on.

It seems to me that there are a bunch of UNION snobs here hating on the most prosperous company in the country. Go a head Hate, hope they fail. If they were to go under this country will fall harder than a 100 lead ball droped from 50,000 feet! Then all you haters could be happily paying whatever mark up the mom and pop wanted because there would be no competition. Then you can start hating on them and they can go out of business. And you can grow your own food. OOOOOOPS!!! Sorry I forgot most people do not live where they can garden or are too lazy, sorry. Well you can eat FIDDO and when he is gone you can eat your neighbor, if they do not eat you first.

So go a head KEEP HATING

I don't hate WalMart, but I am very disappointed. They employ many folks but pay just a bit more than minimum wages. only 20 hours per week for anyone who is NOT supervisor/management... that means no benefits.
So what folks do, is communte to Walmart (20min) work the AM shift at Walmart for 4 hours (4:20) take a lunch break for an hour/hour and a half (5:20) then cross the street to SuperStore and work another Parttime 4hr shift (9:20) then commute home (9:40)... So a simple shift turns in to an almost 10hr day, and for what, $80???? or should I say $56 after taxes....

AND NO BENEFITS

I don't know about you, but I can't hardly pay the $1000 living costs PLUS food for that Generous $1200/mo that WalMart/Superstore gives me.... And I better hope I don't get sick.... NO SICK BENEFITS... or need a perscription for meds. Or a new set of clothes...

I think you get where I'm coming from

[jcwit]

So just who's forcing anyone to work at WalMart. I'm now retired, but during my whole working career I never worked where I didn't want to.

[357shooter]

I don't hate WalMart, but I am very disappointed. They employ many folks but pay just a bit more than minimum wages. only 20 hours per week for anyone who is NOT supervisor/management... that means no benefits.
So what folks do, is communte to Walmart (20min) work the AM shift at Walmart for 4 hours (4:20) take a lunch break for an hour/hour and a half (5:20) then cross the street to SuperStore and work another Parttime 4hr shift (9:20) then commute home (9:40)... So a simple shift turns in to an almost 10hr day, and for what, $80???? or should I say $56 after taxes....

AND NO BENEFITS

I don't know about you, but I can't hardly pay the $1000 living costs PLUS food for that Generous $1200/mo that WalMart/Superstore gives me.... And I better hope I don't get sick.... NO SICK BENEFITS... or need a perscription for meds. Or a new set of clothes...

I think you get where I'm coming from

There are a bunch of companies that use the part-time hourly model. Because if they don't, the extra taxes are prohibitive. Uncle Sam gets a bunch of the blame for this business model due to over-regulation and putting tax burdens that make having full-time employees a bad business decision. Employees cost more than the withholding that we all see in our pay-stubs. It's one important consideration when determining who is at fault.

[Charley]

Spent a decade and a half in the retail food business. (Glad I'm not still in it!) Many things have changed since then, but much of the major stuff hasn't. Most large retailers use the part time model, as pointed out, to be able to be profitable at all. Research the "matching" taxes employers must pay, and you might get a clue what they are up against. Food retailers used to do well with a10% gross overall, with a net of about 1-2%, IF they were lucky.
Granted, Walmart has many other lines of merchandise, and the gross is higher, but it is doubtful, given their pricing structure, that the net is very large percentagewise. Volume is their safety net. No volume, it would be easier and more profitable to invest the money elsewhere...perhaps China.

A free market is just that. You don't want to work for an employer, don't. Don't want to buy a company's brand? Don't. Don't want to do business with a retailer? Don't. Try having a clue about things, though.

Back to the original topic, IMO we are going to see the late 1960s/ early 1970s style inflation again, and soon.

[oldhickory]

Wally World's about the only dept. type store we got around here, unless we travel 25-30 miles to either Harrisburg, or Sunbury, so we buy certain things there. Most food items we buy at an Amish bulk store, or the farmer's market. Clothing we buy from a fellow at the farmer's market that sells top quality surplus commercial clothing like the uniform companys use for $8.00-$10.00 for a pair of jeans that out-last what you get in stores by a year or better. All told, we spend about 20% of our monthly store budget at Wally World which is greatly reduced from when they first built here several years ago. Nothing against them, they're nice people and our neighbors that work there, we just spend a little more wisely these days.

[troyboy]

You can buy stuff for your automobile, guns and ammo, food, clothes,and most anything else. What is not to like about that? IF YOU LOOK you can find Made in Usa at WM. I don't hear any Lowe's bashing. You ain't gonna find any american products there. I will tell you one thing ......wm has a better selection of groceries than most grocerie stores and cheaper! BTW the LIEBHERR T282 400t Ultra Class Haul Truck is made right here in Newport News Va USA by AMERICANS. They announced last summer they were going to devaluate the dollar to attract foreign money REMEBER...... That is inflation on purpose. OUR GOVERNMENT IS OUT OF CONTROL.

[blasternank]

Lets also not forget that for groceries Walmart wouldn't have gotten into it if the major grocers wouldn't have been reckless and gouging and never listening to their customers.