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three card monty
Feb. 19th, 2015 08:20 pmSo Walmart is getting all kinds of press because they've announced they will give 40% of their workers a raise.
By Feb 2016.
The average full time worker will be getting a 1.17% raise. For the last calendar year, the inflation rate in the US has been .8%. When you figure in the inflation rate in 2016, by the time those workers actual get their raises they won't even be keeping up with inflation. Thank you, oh so much.
The average part time worker will fair much better getting a 5.5% raise. They may actually see their wages go up in comparison to their cost of living. Of course, those part time workers at $10/hr won't come anywhere near making it to poverty line, even if they managed to work 40 hours per week, which being part time they never will.
Let's not pretend this is a great day for workers.
By Feb 2016.
The average full time worker will be getting a 1.17% raise. For the last calendar year, the inflation rate in the US has been .8%. When you figure in the inflation rate in 2016, by the time those workers actual get their raises they won't even be keeping up with inflation. Thank you, oh so much.
The average part time worker will fair much better getting a 5.5% raise. They may actually see their wages go up in comparison to their cost of living. Of course, those part time workers at $10/hr won't come anywhere near making it to poverty line, even if they managed to work 40 hours per week, which being part time they never will.
Let's not pretend this is a great day for workers.
