Hello fellow rebel capitals hope you're well so new data just came out that shows wages could be

collapsing in the very near future and I'm not just talking about real wages. We're talking

about nominal wages. One of the largest employers in the United States is

probably guessed it, Walmart and Walmart just came out with a report

saying how they're dropping wages for new hires well obviously they would do this because they have plenty of applicants.

So let's go through this story from the Wall Street Journal and then try to come to some conclusions, connect some dots at the end of this video.

Title, here's the title.

That was the home page of the Wall Street Journal.

So title of this article specifically, Walmart cuts starting pay for some

new hires. So they have a revised compensation structure will allow for better staffing throughout stores.

So again, man, the spin that we've been getting from these people over the last, geez, well the last three years really, but it's

really been coming on heavy the last few weeks or so.

So the way they're spinning this is no no no no no no. We're not lowering

Wages because we have plenty of applicants and it wasn't like it was six months ago. No, no, no, we're doing this so we can have people work in multiple departments

and we don't have to change their pay. So it makes it a lot easier on them if when we hire them initially we just hire them and

pay them a lot less money.

It's a win-win, but it's no, no, no, no, no, no, no, it's not because we're just cutting wages because we can.

No, no, no, no, no, no.

Right.

Walmart is paying some new store workers less

than it would have three months ago.

You see how quickly this stuff changes and that's why if you watch the first or I can't remember the second story that we did today they were talking about I was trying to go over the counter argument to us going in recession.

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