It’s no secret that I once worked for Sam’s Club, which is of course owned by Walmart. And while the company does pay its Sam’s employees better than the typical Walmart employee, they still didn’t mind screwing over employees any chance that they got.
Towards the end of my tenure with Sam’s they were aggressively cutting hours. They were taking it to such extreme measures that we literally didn’t have people working on the floor to help customers out, we would have two cashiers and were lucky to have someone working in carts. They were limiting how many hours per week people were allowed to be scheduled and they were doing this to not only cut pay but reduce the amount of benefits they had to pay out to part-time employees.
Full-time employees weren’t spared either. In fact, I helped make the schedule some weeks and I was often told to keep every full-time employee between 32-34 hours. I was routinely told to keep part-time employees between 20-24, but even then if they felt we could cut hours – we did. Some people were only being scheduled 4-8 hours per week.
Well, it seems Walmart has realized that by cutting hours in their stores, rendering them incapable to keep up with demand, they’re losing billions of dollars. This has prompted them to announce that they will be adding hours to address complaints the company has received from customers, with the primary complaint being shelves that weren’t stocked.
In other words, demand is forcing them to create jobs or add hours to existing employees.
By the company agreeing at their annual meeting that they need to add hours to address the issue of empty shelves, they’re essentially admitting that demand is the driving force behind job creation. In fact, you could take it a step further and say that this is basically them admitting that trickle-down economics has nothing to do with job creation.
They wouldn’t be creating these jobs (or adding hours) unless demand dictated that they needed to. Only when their revenue took a hit did these greedy executives admit that they needed to reverse course on their massive labor cuts. If they hadn’t lost around $3 billion in revenue they would probably be pushing for deeper cuts to their labor force – not expanding it.
Job creation is almost entirely driven by demand. And by Walmart deciding to add hours back to their labor force after losing billions due to their massive wage cuts – that’s exactly what they’re admitting.
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