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Originally Posted by h8kurdt
Wasn't talking about me specifically. IIdo ok, nothing special but ok. And nope I don't have any retirement savings. However, I will say that I worked in a warehouse job for years minimum wage. I lived in a crappy bedsit, owned a crappy £150 rover, one week of my monthly wage was spent with not a penny to my name. Pretty much every penny I had went on bills with a little bit left over to actually enjoy life. This is the reality for millions of people over in your end and here too. Moe Tucker actually wrote a great song about this. The recession ruined me and my ability to hold a steady wage as a decorator. Thankfully I managed to get.iut of the warehouse job. However, that isn't the case for most people in those jobs and bounce from one dead end job to another with no option to save and/or invest in shares.
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everyone suffers from a recession. my business crashed during the recession. i had to downsize HARD. eventually we recovered but later we shut it down for good. so? failure is a good teacher. knowledge is not a waste.
and that's what i meant by some people invest on themselves. you acquire new skills and move up from minimum wage jobs as your career progresses. isn't it how it works? are you supposed to do the same thing now that when you were 20? gotta take some courses. move up in the world. treat the job like an entrepreneur.
as for retirement, i guess here some people will depend solely on social security (a growing albatross), but working class people with pensions and other types of retirement accounts are all invested in the market. teachers, cops, firefighters, municipal employees, they're all... walmart owners!
and walmart actually offers a 401(k) with matching contributions to employees, btw.
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Originally Posted by h8kurdt
Thin but on a massive scales means they were able to report a fourth-quarter profit of $3.69 billion. But you knew that already. I'd consider 3.69 billion for one quarter a massive profit no matter how you look at it.
And apologies, not Walmart, Walton family are majority owner.
And the ones who leave generally drift from one shitty job to another.
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it's not massiv profit! it's a matter of scale. arithmetic, my friend. walmart is HUUUGE. it feeds and clothes MILLIONS of people. they also sell BILLIONS AND BILLIONS in merchandise. they are a beacon of civilization in many places, especially rural areas who'd be fucked and at the mercy of predatory mom and pop stores without them (mom and pop are assholes, trust me. they overcharge, accept no returns, fuck you on the installment plan, and their warranties suck).
after walmart pays everyone including the gubmint, their profit margin is barely 3.3%.
right now there are savings accounts paying 2.35%. you could just open one and jerk off all day while accruing interest.
see:
https://www.pnc.com/en/personal-bank...AAEgI-ZfD_BwE#
walmart does A LOT OF FUCKING WORK to beat a savings account by less than 1%.
jeezus...
1 out of 30 days is a profit. on day 29 they break even. the other 28 they operate at loss.
how is this... aaaah!
proud walmart shareholder ready to divest lol.