Your Economy (No Politics)

[trader guy]

Yeah, those nasty little facts keep getting in the way.

Facts like:
Those workers that get the raise, don't get the bonus.
Walmart has 495B in ttm revenues and 125B in gross profit.
They will save billions in past (on repatriated past profits) and future taxes based on the new tax plan.
And last but not least, the piddly little raise still won't raise the workers pay enough get them out of poverty and off welfare and SNAP.

https://www.cnbc.com/2016/06/03/walmart-can-afford-15-minimum-wage-commentary.html

And we all know where America's poorest shop, so actually the money just takes a circuitous route back to Walmart coffers.
https://www.cnbc.com/2016/05/19/our-wage-hikes-give-workers-more-money-to-spend-in-our-stores-wal-mart-us-ceo.html

Economies flourish when wealth is moving through them, not when it's locked up in paper investments, which is what most wealthy do with their's. When too much of an economy's resources are locked up, the economy suffers from it because people don't have purchasing power.

That's why trickle-down economics has never and will never work.