FORTUNE -- Earlier this week, I wrote an article saying Wal-Mart could afford to significantly increase what it pays its employees.
My basic argument: Wal-Mart, like all companies, has to split up the money it generates between investors, lenders, and workers. And when you take a look at where shares of Wal-Mart (WMT) are trading, it seems to imply that the company could pay its workers more, and investors less, without upsetting Wall Street. So what's holding management back?
Bloomberg writer Matt Levine said not only that my argument was wrong, but "with a pristine Euclidean wrongness unusual in financial commentary." So, basically, he was impressed. Levine and I took to Twitter to hash out our views on the issue. I think I won out. But you decide for yourself.
(Note: Two of the tweets are out of order. Once we got going, replying to each other's tweets, our debate at one point broke into two conversations. I put those two tweets in the order that I thought made sense in the context of the larger conversation.)
Can a hybrid union/professional association give white-collar employees a voice at work without the power of collective bargaining?
By Stephenie Overman, contributor
FORTUNE -- Labor unions have historically made little progress in organizing private-sector professional workers, but now another kind of organization is drawing interest among the white-collar crowd.
That alternative is a hybrid of a union and a professional association that is designed to give professional employees a stronger say in workplace MORESep 2, 2011 10:33 AM ET
Two years after the recession ended, U.S. workers still face a grim job market. And with tepid economic growth and an election year breeding uncertainty, companies are likely to have the upper hand for some time.
By Katherine Reynolds Lewis, contributor
FORTUNE -- It's a tough time to celebrate the American worker. This coming Monday marks the third consecutive Labor Day with an unemployment rate topping 9% and 14 million Americans looking for work. MORESep 2, 2011 5:00 AM ET
In a nutshell, it's because they don't have much choice.
The bright spot in a drab employment picture is that workers have been stretched so thin during the past couple years that companies are going to have to (gasp!) hire more.
You may be understandably suspicious. Corporate America has been raking in massive profits – they flooded in at a record $1.68 trillion annual rate in the fourth quarter of 2010 MOREColin Barr - May 6, 2011 6:32 AM ET
Will a housing double dip deflate the wheezing jobs recovery?
It seems impolite to ask, what with employment growth sucking wind already. Companies added just around 100,000 jobs a month over the past year, a rate Fed chief Ben Bernanke dismissed Friday as "insufficient to materially reduce the unemployment rate."
But it gets worse. Economists at Bank of America Merrill Lynch say one key to a jobs recovery is an MOREColin Barr - Jan 12, 2011 6:34 AM ET
Companies are hiring, but more often they're bringing on temporary employees to meet their labor needs. Will a rise in temps lead to more permanent hiring?
With more than 15 million people in the U.S. out of work and the latest unemployment rate edging slightly higher, it's hard to see how anyone could build a case proving today's job market isn't all doom and gloom.
Last week, The New York Times chronicled MORENin-Hai Tseng, Writer - Dec 29, 2010 5:00 AM ET
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