Thursday, July 30, 2015

This is what happens when you try to manufacture wage inflation.

Industry Insiders: 1,000+ Walmart Layoffs Coming.

No one seems to think this has anything to do with recently announced pay hikes./sarc

You could really tell this was crony capitalism at it's best. If real wage inflation were taking hold - it would be taking hold in the skilled labor section of the economy first. Ya know - like engineers and the like. Wage inflation in non skilled labor was because of political force, not because you had a bidding war for McDonalds workers.

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