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View Diary: Understaffing is hurting Walmart, says equities research firm (176 comments)

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  •  It's not a zero sum game (0+ / 0-)

    But that's not the point.  For prices to remain fixed and all other things being equal, you need to offset 16 percent increase in wages with a 16 percent increase in revenue.   Otherwise, either prices rise to recoup the difference, owners accept a reduced payout, wages get cut, or any combination thereof.  Again, this is all things being equal.  

    Demos imagined going back in time and plowing the $36bn reserved for four years of stock buybacks into wages.  But that's just four years worth of wages.  I'm pretty sure we want something more permanent than that.

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