I thought you should know that in the either the first for the first two quarters of 2014: Walmart profits are down 220 million dollars, target profits are down 80 million dollars, (16 percent lower than 2013,) Sears lost 358 million, Kohls income drop 17%, Costco declines 84 million, staples profits plunge 44% 100+ stores close, gap income drops 22%, American Eagle Outfitters down 86% 150 stores closing, Best Buy sales down 300 million, McDonalds profits off 66 Million (NO B.S. MARKETING LETTER). The politicians, pundits , and unions keep chirping about fair wage, and raising the minimum wage. These businesses, between loss of revenue and Obamacare, are failing. Their only chance of survival is cost cutting. So as the government continues to put more and more restrictions on business, like mandated business benefits, and mandated health care. Do not be surprised and how many of these businesses dont exist next year, and how many of their employees no longer have jobs. Fast food stores will be the first 2 move toward more and more automation and less and less jobs. The only thing that has kept the jobs, is that they were cheaper than bringing in computers and robots. Well that cost benefit is gone, and so will be all their jobs . Last week I was talking about how is you can survive on one income , then get a second or third job. The way our parents did, and they planted gardens. They were survivors, they had dignity and self respect. In this business and political environment, people that arent making it wont be able to get a second or third job, and that is because the politicians, pundits and unions are driving these businesses out of existence. Well thats my two cents for today. ~~Sam
Posted on: Tue, 05 Aug 2014 20:40:16 +0000
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