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welcome to the and repairing your source for grassroots news i'm lauren windsor
on black friday this year's thousands of people around the country protested the
unfair labor practices and the nation's largest retailer wal-mart
when in the major rallies occurred right here in southern california
we cannot let this is an important what do you think this is not intimidated
threatened
you know what went on
the movement of people
out there that want to get out of your buoyed up by the year if there are not
couldn't find somebody else to do it
center and todd
african-american and the community that they and influences
thirteen out of the nile people here that they were good but what is the
government thirteen dollars an hour
hit ten dollars an hour
part their cute with a moment
but because it is the excel with the with the
the continued resume weirdness
is related is released a statement
bs
c
i spoke with striking employees cross insect after the rally can you tell us
why you are here today
and we're on strike
because uh... wal-mart has been retaliating against associates and
standing up and speak it out
andrews basically asking for the respective would do
fair working conditions uh...
before will health care
gross or asking that
there will be retaliated against for standing up for the people that uh...
don't have the courage to stand for themselves can you tell us about our
while market if the union
no it's not is in the association comprised of associates all over the
united states coming together to make changeable
and so is it
basic pretty nice
it isn't efforts for their sources to come together to
show wal-mart that uh...
we want uh...
stand up for it things that we deserve which is respect
fair wages uh... formal health care
and outwards that
how long have you worked
at gateway is wal-mart sixteen years
elton very same store for sixteen years that is correct
despite
all i think you can do it unfair labor practices being uh...
and written that retaliated against me still in a kid at our place absolutely
my grandkids might have to work for this coming winter
anti-clinton he'll wal-mart public relations staff on-site something the
response from the chief merchandising and marketing officer
done did not know
note that the entire day of the time you talking about sales figures for black
friday rather than striking workers in their issues with his company's
compensation
black friday ever at wal-mart
we had over twenty two million customers and restore between eight o'clock
and midnight last night
uh... are so shoots one point three million so she's took great care of our
customers and with three then started to eight o'clock so we saw baskets with
trampolines anand televisions a princess barbie sets sheet sets rubbermaid
containers
all sorts of toys all over the story was absolutely fabulous since we began the
event eight o'clock we sold one point eight million tiles
one point three million televisions one point three million dollars for all the
girls across the aircraft and two hundred and fifty thousand bicycles
would ten o'clock came
q lines worked the custard for satisfied and we still had that buzz throughout
the whole store past midnight
it was really excited about now the great sales but we had a very safe in a
very successful
black friday crossed all our stores across the united states are so it's
just a great job our customers gives great feedback on the shopping
experience at the hip we estimate that less than fifty one were associates were
involved in the protests across the united states and in many of those
locations no wal-mart associates took place we had roughly the same number of
collins than we had last year for people that didn't come to work customers were
excited associates were excited it is the superbowl retail and we saw play out
all thanks to our solutions
presented said she'd be willing to let me have your employees that were quote
happy to work fare
after about fifteen minutes of waiting she returned with no one
policy analyst catherine rights lane and the progressive think tank denounced
recently authored a report entitled retail spending potential
he's back at the speak with me and i find it
the performance of the retail sector is so deeply integrated into the
are meant to be contacting other are
it brings then
more than four trillion dollars in sales employs more than fifteen million
workers it's vague and it's growing over the next ten years it's projected to be
highest output growth of all factors in the country
and the second-highest employment growth of all factors in the country that means
that the retail sector has feedback effects in the u u_s_ economy in terms
of growth in terms of
and clinic in terms of living standards
so he looked at those aspects of
that american economy it when it comes to retell wages
we found hit the largest retailers in the country doesn't claim a hundred work
a hundred pat
one thousand workers there more words to raise their wages
two u_s_ standard equivalent to twenty and thousand dollars a year for
full-time year-round work
make it less households out of poverty
naked stimulate economic growth between eleven and fifteen billion dollars in
the first year following the race
they can generate a hundred to a hundred and thirty-two
thousand jobs in the economy of the first year
and it would be at very small price any american consumer and for the company's
himself
tent-like ford philosophy as paying his workers decent wage the bacon
intern v consumers find his hot deals
it fell into that story except it works through the multiplier effect and so it
generates the product back across all sectors of the economy
when low-wage workers prime get a raise making it move up their standard of
living from living on the very educating their basic
needs to be able to being able to attain those kids that they wanted and needed
to yet that means they're gonna go out and spend every extra dollar that
sisters their paycheck
that dollar become someone else as income when they spend a anneke cycling
around amplifying the facts of the race
and so the assumptions that multiplier the easily space on
a common multiplier had the one used by then chief economist in the eighties
marketing
yat the marble prior act that we used combined variety of mark buyers and that
show
what happens when the low-wage workers get at tax benefit for in this case the
wage benefit
combined with what happens when corporations see an increase in their
production costs
that means that arm of higher expert
accounts for both the beneficial effects on the side of the workers and the
detrimental effects that can possibly rise to the burn the numbers that we use
to feed into this for me are came from moody's analytics ajeep economist mark
the andy who testifies before that i could ask congress to talk about
what kind of the facts that stimulus package could have in terms of
clement g_d_p_
uh... so do you have commonly accepted widely known multiplier acts
and it will be justified until wage rates which has essentially the same
a fact of the stimulus but from the private sector as opposed to
publicly-funded
in your assumptions that and don't you
assumed that
this at the consumer is not
increased wages paying off debt within or
feeding it
again i think a new account stating
absolutely you're right about that's line and the reason that we make that
assumption is because of our only talking about workers are going very
very bottom of the income distribution we're talking about people who make
on average about nine nine fifty and power
uh... this would represent twenty seven percent hearings are huge boost in their
standard of living
uh... as opposed to for example back two thousand one tax cuts
which went to largely higher income households who turn that money around
and put it in
to uh...
paying off that orange may retirement savings
much smaller act on the economy buddies you eric
feeling about that black friday wal-mart strikes
happening in concurrence with the release of this publication
you know it's really difficult to talk about the retail sector without talking
about one larry
and it's really difficult so i've got the labor market all without talking
about lol meredith
the largest employer in the united states with one point four million
people working for it
what happens at walmart really does
if back to the rest of the population
of the one that workers are asking for a lot more than a wage is that bad group
backward nativist rex is called our wal-mart
air basic message as is
basking perverse back from the top
wages are just a small part of that but that's the part of it
uh... week
avni eric lee about you
with the cost passive and
within your now fifty you analyzed
what the effect would be
if bag company itself took on the majority of the cost of the wage
increase
or
consumers dead static completely passed through into the price of the better
service
you found a it would cost on average fifteen cents per visit
that rain fence perched
restore
and business productivity argument but i was making to suggest that
affirm what happened passed through really
any
the cost on consumers they can afford it out of profits or they'll generate
returns without charging more
but needed it would be a fairly negligible extent to shoppers
and a fifteen dollar letter that the site of fifteen cents out into the cost
of a shopping mask
every trip to the store for the average household comes out to under eighteen
dollars per year
if a red herring fran company see at the same all of the cost of you know that on
everything and it's really a negligible
overall dr any and certainly spend anybody
extract
action here on a shopping trips in order to see the people are getting fairly
compensated
a lot of consumers really want to believe that the places that they spent
their money
are
about you not just about her back to their community
and to the economy into the society that they went down
and it will cost you fifty
bands to know that the person who's assisting in the person that's giving
you advice on the product it you're about to buy the person who's bringing
you up in helping you take your group's trees to the car did this person
effingham airwaves and even raising their children in poverty
obviously if walmart adopted
practice
it would be a huge title shifts for uh... retell workers cross country
if walmart uh...
raised wages for its workers
then breezes play
conceivably rise across the retail sector rate now studies show at walmart
moves into a community
open the store and his lower wages than the average wage that exist today before
they arrive
and that actually has a depressing effect under wages in week among retail
workers around rest of the community so if they decided to take the opposite
tactic it would break up the entire community
bottom line
half of wal-mart
one million
hourly employees
in america make last
in ten dollars an hour
in paramount
he saw earlier in this episode
organizes that bear me in a jury make less than ten dollars an hour
extrinsic
happy bien meeting terial employees and make less than ten dollars an hour
c_e_o_ might duke made nearly seventeen thousand dollars in twenty ten
which announced at thirty five million dollars in in your compensation
welcome
so the new corporate feudalism
aching
american capitalism
in these
enough all at this time
there was no blessed please if they did it with read well
and great responsibility
and in the news this time
with globalization there's this feeling of isolation any
rugged individualism and that we have no responsibility for
civic duty and community
at the competing everything about in terms of week it and and and
third world countries
only expected of candidate work
is arriving economic kanani
it's coming for the middle class
it's coming for the american dream
on it
would
useful
withhold