Has this essay reduced your desire to shop at Walmart?
What's your impression of Walmart
Walmart hires a large number workers but they are not paid well.
Walmart does not allow Unionzation
Other competitors would follow Walmart's policy.
Writing a cause and effect essay examples help me write a cause doreshwork research essays essays on waiting for godot how we research proposal sample philosophy professional resume cover research proposal sample philosophy research proposal guide learn how.
The test of health-care reform, I wrote, was whether McAllen or El Paso would become the new norm. Would McAllen’s costs come down or El Paso’s go up? Now that it has been five years since the passage of the Affordable Care Act, I thought I’d find out. I returned to the economist Jonathan Skinner, of the Dartmouth Institute for Health Policy and Clinical Practice, who had provided the earlier analysis of the Medicare data, and worked with him to get a sense of what recent data reveal. As it turns out, the cost of a Medicare patient has flattened across the country, El Paso included. U.S. health-care inflation is the lowest it has been in more than fifty years. Most startling of all, McAllen has been changing its ways. Between 2009 and 2012, its costs dropped almost three thousand dollars per Medicare recipient. Skinner projects the total savings to taxpayers to have reached almost half a billion dollars by the end of 2014. The hope of reform had been to simply “bend the curve.” This was savings on an unprecedented scale.
The virtuous patient is up against long odds, however. One major problem is what economists call information asymmetry. In 1963, Kenneth Arrow, who went on to win the Nobel Prize in Economics, demonstrated the severe disadvantages that buyers have when they know less about a good than the seller does. His prime example was health care. Doctors generally know more about the value of a given medical treatment than patients, who have little ability to determine the quality of the advice they are getting. Doctors, therefore, are in a powerful position. We can recommend care of little or no value because it enhances our incomes, because it’s our habit, or because we genuinely but incorrectly believe in it, and patients will tend to follow our recommendations.
Wal-Mart just gave the economy what it has been waiting for: wage growth. On Thursday, that it will raise the minimum wage for all of its hourly employees to $9.00 an hour by April, with this minimum wage set to go to $10.00 an hour by February 2016. Additionally, will see minimum hourly wage go to $13 an hour this summer and $15 an hour early next year. In all, these moves will impact 500,000 Wal-Mart employees. But the big takeaway here is that Wal-Mart, which is often used as a proxy for the health of the economy and the US consumer, is giving a ton of its workers a raise. As the US economy appeared to pick up steam in the second half of 2014, the missing ingredient was meaningful wage growth for workers. In January, average hourly earnings rose just 2% over the prior year, which is not the kind of real, sustained growth that the Federal Reserve wants to see as it looks to raise interest rates for the first time since 2006. There have been, however, indications in recent surveys that US workers are expecting raises this year. In our latest most important charts feature, Michael Feroli, Chief US economist at JPMorgan, noted that according to the University of Michigan's consumer sentiment survey, consumers have been significantly more upbeat about their prospects for wage increases over the next year. And at least for Wal-Mart employees, that increase is here. The bigger economic point, however, is more important. As the labor market has improved, labor "slack" has diminished and the market has "tightened," which is to say that the balance of power in the labor market is shifting from employers to employees. And this hasn't been the case since the years before the financial crisis. If you look at labor indicators like the JOLTS report — which shows the number of job openings — the labor market has clearly been tilting in the favor of employees over the last half of the year, and an increase in wages is the last piece of this power shift. Now, the cynics will say that since Wal-Mart's wage increase only impacts workers at the lower end of the income spectrum, it doesn't really count. Except that's not how math works: Wal-Mart employees who make less money now will make more money in the future. And this is good for the economy. This means there will be more consumer spending, more tax revenue, and more workers who are making more money and feeling better about their place in the economy. Of course, one move from one company does not fix everything in the economy. But no one thing from any one source will. The point is that the nation's largest retailer, which employs about 1.4 million people, just gave its lowest-paid workers raises. In the past, when Wal-Mart has had disappointing earnings people have said it indicates some kind of problem in the US economy. So fine, if you want Wal-Mart to serve as a barometer for the health of the economy, then it has to go both ways: Wal-Mart's raise is a great sign for America. Join the conversation about this story » NOW WATCH: Nationwide's Super Bowl commercial about dead children is about corporate profits ... in a way that we can all appreciate
high school persuasive essay argumentative essay graphic organizer argumentative essay graphic organizer high school types of Reflective Essay On High School Research Paper Samples Essay
academic essay writer academic writing essay conclusion academic Today s academic blog will talk about four ways to write a good essay introduction and the conclusion
Free essay sample narrative sample essay sample why this college walmart unethical business practices business research paper walmart unethical behavior lawaspect com.