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frazdaddy said:
Dollar General yearly profit
Dollar General racked up $25.6 billion in revenue in 2018 and eclipsed Macy's in retail sales for the first time. Its stock is near an all-time high, giving it a market cap of $33 billion, five times higher than Macy's.May 22, 2019

Do the math on that minimum you quoted and get back to me on covering expenses for a family.
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You can't look at the gross revenue of a company though it is the net income that matters. Just like your paycheck before taxes looks a whole lot better before the government and other deductions come out... with a business you have that on a much larger scale as they have to have money to cover pay, benefits, purchase inventory, for acquisitions, paying off debt, etc. there is so much that goes into it. Like I said their net income in 2019 was $1.7 billion, still a lot but that shows how much expenses eat away at their profit. Smart businesses also need cash in the bank and low/no debt so when something like the coronavirus hits they can ride it out without risk of bankruptcy.

Also minimum wage is not intended to be something that pays for a family or even a single individual to live off of. Sure, lots of people treat it that way but there are opportunities out there to move up in pay if people would just work hard. You raise the minimum wage too much, especially on a national scale, and you will see businesses that just can't pay the extra money and more manufacturers that outsource to China and other countries (which we already have a big issue with, revealed by the virus). Here in NC specifically the minimum wage is too low and hasn't been raised in awhile but $15 is pretty much double what it currently is and would cause issues for a lot of businesses, especially small ones that are tight financially to begin with.
 
snowlover91 said:
You can't look at the gross revenue of a company though it is the net income that matters. Just like your paycheck before taxes looks a whole lot better before the government and other deductions come out... with a business you have that on a much larger scale as they have to have money to cover pay, benefits, purchase inventory, for acquisitions, paying off debt, etc. there is so much that goes into it. Like I said their net income in 2019 was $1.7 billion, still a lot but that shows how much expenses eat away at their profit. Smart businesses also need cash in the bank and low/no debt so when something like the coronavirus hits they can ride it out without risk of bankruptcy.

Also minimum wage is not intended to be something that pays for a family or even a single individual to live off of. Sure, lots of people treat it that way but there are opportunities out there to move up in pay if people would just work hard. You raise the minimum wage too much, especially on a national scale, and you will see businesses that just can't pay the extra money and more manufacturers that outsource to China and other countries (which we already have a big issue with, revealed by the virus). Here in NC specifically the minimum wage is too low and hasn't been raised in awhile but $15 is pretty much double what it currently is and would cause issues for a lot of businesses, especially small ones that are tight financially to begin with.
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Exactly and job loss would in the end tank the economy.


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GaWx said:
2016: Initially, when exit polling and the first votes counted suggested an easy Hillary win, the Dow futures were up in the early evening. Then, as the unexpected happened and returns showed Trump was going to upset and beat Hillary, the futures plunged by as much as 800 that night:


However, unexpectedly, during the next day the Dow had a sharp turnaround and closed near record highs (up 257 points):


From then on, the Dow was off to the races and didn’t look back.
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Yeah I remember all the projections on election night after he had no path when they realized he would win the stock market was gonna crash etc LoL ?

Also this is kind of funny on another note

received_718639482220317.png
 
snowlover91 said:
You can't look at the gross revenue of a company though it is the net income that matters. Just like your paycheck before taxes looks a whole lot better before the government and other deductions come out... with a business you have that on a much larger scale as they have to have money to cover pay, benefits, purchase inventory, for acquisitions, paying off debt, etc. there is so much that goes into it. Like I said their net income in 2019 was $1.7 billion, still a lot but that shows how much expenses eat away at their profit. Smart businesses also need cash in the bank and low/no debt so when something like the coronavirus hits they can ride it out without risk of bankruptcy.

Also minimum wage is not intended to be something that pays for a family or even a single individual to live off of. Sure, lots of people treat it that way but there are opportunities out there to move up in pay if people would just work hard. You raise the minimum wage too much, especially on a national scale, and you will see businesses that just can't pay the extra money and more manufacturers that outsource to China and other countries (which we already have a big issue with, revealed by the virus). Here in NC specifically the minimum wage is too low and hasn't been raised in awhile but $15 is pretty much double what it currently is and would cause issues for a lot of businesses, especially small ones that are tight financially to begin with.
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Well aware of all aspects of that very basic response. Been running a business for many years Trust me Dollar general can handle it. Living wage look it up.
 
snowlover91 said:
Their net income was $1.7 billion, still a lot but that's what businesses are out there for. They're not in the business of giving away all their net profit and the profit can be used for things like acquisitions, bonuses, shareholder dividends, better benefits, etc.
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as my dad would say when clients want something for free or cheap “This ain’t a ministry. I don’t sweat my ass off out of the kindness of my heart.”
 
Deep down, I know the US is eventually going to move towards a more socialist like structure in the future. These kids can’t even afford a 1 bedroom apartment anymore. Part of it is their fault because much of the younger generation wants to live where rent is literally through the roof. Live within your means. I think we can all agree that generations before ours had it much easier from a financial perspective. I mean you could build a brick house on 3-4 acres for 10-20 thousand dollars..
 
frazdaddy said:
Well aware of all aspects of that very basic response. Been running a business for many years Trust me Dollar general can handle it. Living wage look it up.
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The point is a business should not be required to pay a living wage, I know what it is. People get paid what the business offers and basked on the skill level and value to the business. If it’s not enough they can either find a better paying job or talk to their employer, express a desire to move up and work to achieve that goal. I’m sorry but a cashier at dollar general or a retailer isn’t a high skill level job that deserves $15 an hour and if a person in that role wants more money they can work to become a manager or find a different employer.
 
snowlover91 said:
The point is a business should not be required to pay a living wage, I know what it is. People get paid what the business offers and basked on the skill level and value to the business. If it’s not enough they can either find a better paying job or talk to their employer, express a desire to move up and work to achieve that goal. I’m sorry but a cashier at dollar general or a retailer isn’t a high skill level job that deserves $15 an hour and if a person in that role wants more money they can work to become a manager or find a different employer.
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Meh NC has not increased min wage in 12 years.....the cost of living has gone up considerably since then....$12 a hr should be min.....$10 at the absolute lowest....there are not enough $15 jobs for everyone, we use megaforce at the plant there are tons of people out here that work 8 tough hrs doing a tough job for 7.25 that then leave to go to their other ------ ass 7.25 a hr job just so they can survive....they dont have time to take classes or do other things to better themselves.
 
snowlover91 said:
The point is a business should not be required to pay a living wage, I know what it is. People get paid what the business offers and basked on the skill level and value to the business. If it’s not enough they can either find a better paying job or talk to their employer, express a desire to move up and work to achieve that goal. I’m sorry but a cashier at dollar general or a retailer isn’t a high skill level job that deserves $15 an hour and if a person in that role wants more money they can work to become a manager or find a different employer.
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How dare you! Stop being such a racist, privileged, bigot. Get outta here with that!?
 
snowlover91 said:
Not a matter of what someone is worth IMO, it is a matter of if said business can support the wage or not and if the person is truly working to earn it. I used to work at a retailer and worked my tail off for $8 an hour but worked hard to get pay increases... and what I saw working there was people who had ambition and drive were able to move up and make more $$ and those who just were there for a paycheck didn't. We had one guy come in and go from a sales person to GM in a year, went from making $10 an hour to $75k a year in less than 12 months. That is what ambition, drive and hard work will do. Our society has an entitled mentality and instead people need to learn the value of hard work and ambition imo.

Having said that, I do think the minimum wage needs to be raised(not to $15, at least here in NC) but it definitely needs to be increased. I believe in NC it is $7.25 an hour and has been for awhile, it needs to be bumped up to $8.50-10 range IMO to keep pace with inflation and other things.
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Minimum wage is not a livable wage right now. Even at $10 an hour and a regular 40 hour week that's not alot of money. You're talking only $1600 a month before taxes and insurance. Most apartments are gonna run you $600 a month rent.
 
GaWx said:
2016: Initially, when exit polling and the first votes counted suggested an easy Hillary win, the Dow futures were up in the early evening. Then, as the unexpected happened and returns showed Trump was going to upset and beat Hillary, the futures plunged by as much as 800 that night:


However, unexpectedly, during the next day the Dow had a sharp turnaround and closed near record highs (up 257 points):


From then on, the Dow was off to the races and didn’t look back.
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Well, if true, that goes way against what I think I remember seeing, but either way, one day would get buried in a massive pile when you absolutely shoot to the moon after that.
 
snowlover91 said:
The point is a business should not be required to pay a living wage, I know what it is. People get paid what the business offers and basked on the skill level and value to the business. If it’s not enough they can either find a better paying job or talk to their employer, express a desire to move up and work to achieve that goal. I’m sorry but a cashier at dollar general or a retailer isn’t a high skill level job that deserves $15 an hour and if a person in that role wants more money they can work to become a manager or find a different employer.
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As our society has changed so has the job sector. When I was growing up there were maybe 5 or 6 fast food joints in town. We went there as a reward for good grades and other things. Mostly teenagers worked these jobs.

Fast forward 30 years and theres 30 or 40 fast food places in Greenville now? Each with a 10 to 15 person team at a time. These menial jobs have now become careers because we are a fast food nation.

As our society and economy evolves so must our wage structure.
 
GaWx said:
Does anyone here not think that the current anarchy in the US is going to help Trump? I certainly do and think it will hurt the Dems.
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Anyone with an IQ on the positive side should not only think this but know this. This extreme defund police movement is extremely unpopular but you wouldn’t know that as it’s dominating news cycles.
 
Shaggy said:
As our society has changed so has the job sector. When I was growing up there were maybe 5 or 6 fast food joints in town. We went there as a reward for good grades and other things. Mostly teenagers worked these jobs.

Fast forward 30 years and theres 30 or 40 fast food places in Greenville now? Each with a 10 to 15 person team at a time. These menial jobs have now become careers because we are a fast food nation.

As our society and economy evolves so must our wage structure.
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That still doesn’t answer how will small businesses afford this wage? Like the family owned restaurant with a handful of employees. Or a small family owned store. How will small business be able to pay this without closing there doors. Jobs would be loss and the economy would take a hit


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Jessy89 said:
That still doesn’t answer how will small businesses afford this wage? Like the family owned restaurant with a handful of employees. Or a small family owned store. How will small business be able to pay this without closing there doors. Jobs would be loss and the economy would take a hit


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Easy make it only applicable to business that employ X number of people.....say 50. Less than that and they can pay lower but that still needs to be $10-12 at minimum.
 
VegasEagle said:
Well, he was a form of economic history that was not too good. Eight years as Vice President.
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And our economy has done fantastic under 4 years with Trump... not.

VegasEagle said:
. Realtor boards do secret tests for this and the public can report these issues.
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Despite the fact that it's illegal, little-nothing has been done about this and it shows in how little progress has been made to erase this issue in large cities across the US, particularly in the south. The evidence for this is pretty overwhelming and undeniable.

"91 percent of areas classified as “best” in the 1930s remain middle-to-upper-income today, and 85 percent of them are still predominantly white."


"There are many other cases of applicants being denied a home loan because of their race, said Nikitra Bailey, executive vice president at the Center for Responsible Lending. Bailey pointed to a 2018 investigation by the advocacy group finding that black, Latino and Asian applicants were turned away for loans at a higher rate than whites in many U.S. cities. "

https://www.cbsnews.com/news/redlining-what-is-history-mike-bloomberg-comments/

"And for the last 40 years, banks have had a legal obligation under the Community Reinvestment Act to solicit clients - borrowers and depositors - from all segments of their communities.

But in many places, Reveal found the law hasn't made much difference.

The analysis - independently reviewed and confirmed by The Associated Press - showed black applicants were turned away at significantly higher rates than whites in 48 cities, Latinos in 25, Asians in nine and Native Americans in three. In Washington, D.C., the nation's capital, Reveal found all four groups were significantly more likely to be denied a home loan than whites."

"The U.S. Census Bureau show the median net worth for an African American family is now $9,000, compared with $132,000 for a white family. Latino families did not fare much better at $12,000."

"Lenders and their trade organizations do not dispute the fact that they turn away people of color at rates far greater than whites. But they maintain that the disparity can be explained by two factors the industry has fought to keep hidden: the prospective borrowers' credit history and overall debt-to-income ratio"

"Credit score was not included because that information is not publicly available. That's because lenders have deflected attempts to force them to report that data to the government, arguing it would not be useful in identifying discrimination.

In an April policy paper, the American Bankers Association said reporting credit scores would be expensive and "cloud any focus" the disclosure law has in identifying discrimination. America's largest bank, JPMorgan Chase & Co., has argued that the data should remain closed off even to academics, citing privacy concerns."

At the same time, studies have found proprietary credit score algorithms to have a discriminatory impact on borrowers of color."
https://www.chicagotribune.com/business/ct-biz-modern-day-redlining-20180215-story.html


Ouch, banks and lenders trying to sequester information that would further expose their still ongoing discriminatory practices. Shocker...


"The economic and racial segregation created by “redlining” persists in many cities • Redlining buttressed the segregated structure of American cities. Most of the neighborhoods (74%) that the HOLC graded as high-risk, or “Hazardous” eight decades ago are low-to-moderate income (LMI) today. Additionally, most of the HOLC graded “Hazardous” areas (nearly 64%) are minority neighborhoods now."

Regional differences in changes of HOLC “Hazardous,” and LMI and majority-minority areas • Cities in the South showed the least change in the HOLC-evaluated “Hazardous” neighborhoods that today have lower incomes and higher populations of majority-minority residents."

https://ncrc.org/wp-content/uploads/dlm_uploads/2018/02/NCRC-Research-HOLC-10.pdf

"Today, neighborhoods that fall within once-redlined areas are more likely to have a higher concentration of Black residents, as well as lower incomes, lower home values, and other negative economic characteristics relative to the rest of their cities."

"According to an investigation by Reveal from the Center for Investigative Reporting earlier this year, African Americans and Latinos continue to be denied mortgages at far higher rates than whites in 61 metro areas. Where de jure segregation was once the rule, de facto segregation still persists."

"In Jacksonville’s predominantly black neighborhoods, 30 percent of loan applications were dismissed, compared to 12 percent in the rest of the city. According to the analysis by Reveal, black loan applicants in the Jacksonville metro area were twice as likely to be denied a conventional mortgage as white applicants, even after controlling for factors like income and loan amount."


Since we're on this topic...



"
“Sue the bastards.”

That was the slogan adopted by the National Neighbors advocacy campaign for fair housing in 1970, two years after Congress passed the Fair Housing Act. At long last, black home buyers and renters were able to seek and find justice in the courts, in part because it was possible to demonstrate racially discriminatory practices among landlords and real-estate companies. President Donald Trump made his public debut in 1973 as just such a landlord, sued by the Department of Justice for discriminating against black tenants."

https://www.citylab.com/equity/2018/04/how-the-fair-housing-act-failed-black-homeowners/557576/

Oh the irony.
 
Jessy89 said:
My step dad sent this email to me today. It is absolutely right. I have no comment on this so don’t comment to me in a negative way because I’m not gonna respond back. But this is a good read.


I have often wondered about why Whites are racists, and no other race is......
Someone finally said it. How many are actually paying attention to this?
There are African Americans, Mexican Americans, Asian Americans, Arab Americans, etc.
And then there are just Americans.. You pass me on the street and sneer in my direction.
You call me 'White boy,' 'Cracker,' 'Honkey,' 'Whitey,' 'Caveman'... And that's OK..
You say that whites commit a lot of violence against you....
So why are the ghettos the most dangerous places to live?
You have the United Negro College Fund. You have Martin Luther King Day.
You have Black History Month.
You have Cesar Chavez Day.
You have Yom Hashoah.
You have Ma'uled Al-Nabi.
You have the NAACP.
You have BET....
If we had WET (White Entertainment Television), we'd be racists.
If we had a White Pride Day, you would call us racists.
If we had White History Month, we'd be racists.
If we had any organization for only whites to 'advance' OUR lives, we'd be racists.
We have a Hispanic Chamber of Commerce, a Black Chamber of Commerce, and then we just have the plain Chamber of Commerce.
Wonder who pays for that??
A white woman could not be in the Miss Black American pageant, but any color can be in the Miss America pageant.
If we had a college fund that only gave white students scholarships... You know we'd be racists.
There are over 60 openly proclaimed Black Colleges in the US .
Yet if there were 'White colleges', that would be a racist college.
In the Million Man March, you believed that you were marching for your race and rights.
If we marched for our race and rights, you would call us racists.
You are proud to be black, brown, yellow and orange, and you're not afraid to announce it.
But when we announce our white pride, you call us racists.
You rob us, car jack us, and shoot at us.
But, when a white police officer shoots a black gang member or beats up a black drug dealer running from the law and posing a threat to society, you call him a racist.
I am proud...... But you call me a racist.
Why is it that only whites can be racists??
There is nothing improper about this e-mail.
Let's see which of you are proud enough to send it on.
I sadly don't think many will.
That's why we have LOST most of OUR RIGHTS in this country.
We won't stand up for ourselves!
BE PROUD TO BE WHITE!
It's not a crime YET.... But getting very close!


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This is bad on many levels. I thought @ForsythSnow told you to stop making racist posts yesterday? That apparently fell on deaf ears.
 
MichaelJ said:
Those on here who call people "boomer" don't even understand that is a compliment to us. We, and many generations before us, have worked a long time to make this country a successful one (with all its faults) and sometimes at the cost of our lives. Many of us "boomers" started out just as liberal or even more so as you are, but through experience, maturation and understanding most have evolved into different people for it. We have made our share of mistakes, and have suffered for them, but do not think you will not go through this same process, but if you don't then that is on you.

What the far left in this country wants is not debate, they wish to squelch and eliminate any opinion other than their own (take the censoring on college campuses today for conservative speakers as an example). They do this by calling you names, trying to shame you or just telling you they are sooooo much smarter than you. Well guess what, you are not, not even close, because your ideas have not been fired through real life learning and experience quite yet. We don't hate you for it because we understand that to become a butterfly, first you have to grow out of your cocoon, and hopefully you will, but I am not the judge as to tell you how you as an individual you need to grow.

Those who are on the far right have my disdain just as much as you do on the left (for differing reasons in some cases), however, we are all shaped by the environment we are raised in and only those who grow as humans and practice some tolerance for those different from us should feel comfortable with who they are as they mature. Trying to label someone else as "Christian", "racist", "evil", "ignorant", is a difficult proposition of which NO ONE here is capable of performing with any degree of accuracy. Judging someone else's words by using your definition of those words is the height of arrogance IMO. Try to be more circumspect before posting and calling other posters names which could or could not be accurate simply because of the individual prism our own views causes us to judge by. Pejorative name calling is a sign of a weak minded person seeking validation for their own thoughts and unwilling to be judged by their own. No hard feeling from me but I will kow tow to nobody, and will respond whenever I feel it is appropriate to do so, whether I disagree or agree with comments
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Yeah, it's always the far left's fault because Republicans are a bunch of angels!

"the far left: they wish to squelch and eliminate any opinion other than their own (take the censoring on college campuses today for conservative speakers as an example). They do this by calling you names, trying to shame you or just telling you they are sooooo much smarter than you. Well guess what, you are not, not even close, because your ideas have not been fired through real life learning and experience quite yet. We don't hate you for it because we understand that to become a butterfly, first you have to grow out of your cocoon, and hopefully you will, but I am not the judge as to tell you how you as an individual you need to grow."


spiderman meme.jpg
 
LithiaWx said:
I’m confident trump is on the way out. The writing is on the wall. This isn’t 2016, Trump isn’t an unknown quantity this time around. Anecdotal, but I know several Trump voters going biden this time because trump has turned them off bigly with his antics.
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You can add me to this anecdotal list.
 
GaWx said:
Does anyone here not think that the current anarchy in the US is going to help Trump? I certainly do and think it will hurt the Dems.
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Hard to say. I think the Dems are playing the blame game and really being VOCAL about how it’s all a result of Trump. It depends how Americans that are not outspoken fell.
 
LithiaWx said:
If trump was leading in polls there is a 100% chance he and his followers would be touting them and screaming from the rooftops about them.
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MAGAs response to polling:

Trump is leading in the polls: #WINNING !!! TRUMP WINS BY A LANDSLIDE

Biden is leading in the polls: dO yoU rEmEmBeR wHaT hApPeNeD iN 2016?!
 
SD said:
Thing is the cost with any minimum wage increase will be passed to the consumer, so what is the net-net? If minimum wage goes to $15 but this causes a response in goods to keep GPMs in line with the increased fixed costs has the gen pub gained anything?
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Yeah raising the minimum wage does not fix the inherent problem, it just creates a vicious cycle that makes everything more expensive which then makes people wanna raise the minimum wage more and so on... see California.
 
Steven_1974 said:
There is a huge difference between people being outdoors marching and people being in an enclosed arena. Surely you realize that, right?
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There is clearly a difference between protesting outdoors for reopening the economy and then rioting outdoors ? It’s obvious , the virus only spread when right wingers protest so it’s not ok for “ right wingers” to protest but totally ok for crazy spoiled kids to protest
 
Downeastnc said:
Meh NC has not increased min wage in 12 years.....the cost of living has gone up considerably since then....$12 a hr should be min.....$10 at the absolute lowest....there are not enough $15 jobs for everyone, we use megaforce at the plant there are tons of people out here that work 8 tough hrs doing a tough job for 7.25 that then leave to go to their other ------ ass 7.25 a hr job just so they can survive....they dont have time to take classes or do other things to better themselves.
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I’m fine with it being increased some, here in NC it definitely needs to because it’s been at $7.25 way too long. I am just against the $15 min being done nationwide because each state will have different costs of living and for NC it’s too high imo. I work 3 jobs myself, 2 year round and 3 when grass starts growing so trust me I know about working multiple jobs to pay the bills.
 
Broken024 said:
Honestly surprised someone reproduced with you. Congrats.
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Believe it or not I’m very happily married. Been married 7 wonderful years. and we have 3 little boys. I’m a very happy person and we are looking forward to our pigeon forge vacation we leave out Sunday come home Friday.


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I’m amazed at the ones on here calling Trump out for his “behavior” are the same ones with personal attacks and name calling to people here. You’re free to say what you want at the moderators discretion but not a very good look to be doing the same thing you grip that Trump does to make you sour.
 
snowlover91 said:
I’m fine with it being increased some, here in NC it definitely needs to because it’s been at $7.25 way too long. I am just against the $15 min being done nationwide because each state will have different costs of living and for NC it’s too high imo. I work 3 jobs myself, 2 year round and 3 when grass starts growing so trust me I know about working multiple jobs to pay the bills.
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After 20 years on my job I am preconditioned to make small changes and then take stepped changes after that.

Heres a pic of my machines settings and you can see I'm making changes to the smallest fractions of a second. Every change absolutely effects downstream timers and when you make a change you have to judge and react to it. It's just how I work now.

So I see 7.25 and think let's go to 9 or 10 and judge and react and if we can go up to 10 to 12 then do it incrementally.

Every 1000 equals 1 second so we are talking fractions of a second.
 

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Shaggy said:
As a conservative I am struggling at the moment.

We always say that no matter who wins we will survive as a nation. So IF I vote for Biden I firmly believe we will survive it. We survived 8 years of Obama.

I'm sure we will survive 4 more years of trump but I believe that comes at a much worse cost to our nation. Trumps not a uniter he is a divider and one that will manipulate that division. He says dangerous things like the threat to the DC mayor. He is a clear and present danger.
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That's why we are in this mess because no one has stood up for "We the people" until now. Trump is only a danger to the Dems.
 
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