Comments on: Fitch: ‘Benefit To Be Reduced, Not Eliminated’

By: blankman

blankman — Wed, 24 Jan 2018 14:58:55 +0000

Walmart has been working to shed the “low wage employer” image for some years and they’ve been increasing their minimum wage every year for a number of years. This latest increase is just a continuation of their past practices.

As for the $1,000 bonus that’s not being paid to every employee. Someone has to have been working there for over twenty years in order to qualify for the full $1,000. Moreover, it’s only being paid to those employees who were already earning over $11 an hour. I would assume that’s intended to take some of the sting out of the fact that all the hard work those individuals put in to increase their wages is suddenly completely wasted.

Moreover, Walmart is competing for employees in the same job market as everyone else. With an unemployment rate of about 4% it’s not as if they had much choice in the matter.

By: Navin Johnson

Navin Johnson — Wed, 24 Jan 2018 11:42:16 +0000

Billions….they will be saving 3 to 4 Billions in Taxes annually under the new tax plan more than enough to fund a salary increase…..

By: Mrs Brady

Mrs Brady — Wed, 24 Jan 2018 10:56:35 +0000

The beginning of the end for offshore business. Bermuda better realize this soon.

By: Ok

Ok — Tue, 23 Jan 2018 22:53:30 +0000

You are right…since the tax cuts…Walmart for example, has raised their minimum wage and gave all their staff $1000 bucks. Damn how much are they saving?

By: The Original Truth™

The Original Truth™ — Tue, 23 Jan 2018 19:52:56 +0000

Fitch Ratings isn’t taking into consideration that changes to the U.S. tax system also offer incentives to other countries companies to domicile their funds in America. Cayman Island will no longer be BDA’d biggest competitor in the west.

Revenue growth of AIG is -8.52% and expected to decline further. Purchasing Validus is about helping AIG level out. Not a smart move under a president who has vowed to bring every US$ possible back to America.