TheGist said:Quoted message said:Which "basic economic facts" are you talking about. Greenspan has
been on the record stating that Wal-Mart has been instrumental in
keeping down inflation levels. You figure you know more about
economics than Greenspan.
Well, yeah. I do. I'll not bore you with my credentials, which I
doubt you'd understand anyway.
Actually, I am fascinated by your credentials.
Quoted message said:If you think that Greenspan would ever say anything bad about
wal-mart you would be wrong. To do so would undercut many many
positions held by his bosses.
By Greenspan's "bosses" do you mean "bankers." Yeah, those guys don't
know anything about money or the economy.
Quoted message said:Do you really think that wal-mart subsidizing low wage employees on
the back of government handouts is good in any way?
I tend to think that government handouts are a bad idea. I also
happen to believe that the market is much better at setting wages than
any other mechanism that man has ever used. If WalMart's employees
are willing to work for what WalMart pays, and if WalMart is able to
find workers of an acceptable quality at the price they are paying
then who am I to complain?
Quoted message said:Where do you think that money is coming from?
I would much rather have people marginally employed at WalMart then
unemployed.
Quoted message said:Do you understand that saving 20 cents on a tube of toothpaste is
not indicative of the health of the economy?
It's the basis of the health of my own personal economy. If I can get
the same goods for less (and all in one location), why would I drive
all around town and pay more?
WalMart has just realized that groceries and other common merchandise
are commodity items, and that the correct way to make money with
commodity items is by driving volume. While most of WalMart's
competition focuses on profit margins WalMart is focusing on volume
and cleaning up.
Quoted message said:Do you have any understanding of any issue beyond government press
releases?
So far your entire argument centers around the fact that WalMart
employees get paid less than employees at other similar businesses.
That argument is forwarded much more intelligently here:
http://laborcenter.berkeley.edu/lowwage/walmart_response.pdf
Personally, I like to shop at Costco, and they have a completely
different take on how employees should be treated, although they have
a very similar economic strategy:
http://www.seattleweekly.com/features/printme.php3?eid=59294
In the end I believe that these sorts of decisions are best left to
the market. The people working at WalMart are adults. They probably
have a perfectly good reason for not apply at Costco. I make my
purchasing decisions based on price and required service levels, and
for me WalMart often makes a lot of sense.
Jason