Pops wrote:Better to shop at whatever mom & pop you have left.
AndyA wrote:The issue is essentially bigger then Walmart.
How can I resize that image?
Productivity per worker is growing, while incomes remain flat
A greater share of income is going to profits rather than wages. It's basically a falsification of the hypothesis that a growing economy raises the standard of living for everyone. It's an issue not addressed by policy. It's depressing that they would rather get their wage slaves to subsidise other wage slaves, rather then raise wages.
Lore wrote:Walmart is in a desperate death spiral trying to keep that house of cards from falling. Why, because you can never be too cheap and there is always someone or something cheaper.
Wal-Mart Stock Hammered as Profit Warning Triggers Price War Fears
Wal-Mart Stores Inc. warned on Wednesday that higher wages as well as spending on e-commerce and lower prices would cut earnings per share as much as 12 percent next fiscal year, sending its shares down 10 percent.
Wal-Mart faces tough competition on multiple fronts, from the relentless expansion of online leader Amazon.com Inc. to dollar stores and supermarkets fighting for a piece of its grocery business. Its international operations are also under pressure with a stronger dollar eating into sales.
Wal-Mart Chief Executive Doug McMillon said at an investor meeting in New York that a $1.5 billion investment in wages and training, including raising the minimum store wage to $10 an hour from $9, were needed to improve customer service and would account for three-quarters of the expected 6 to 12 percent drop in earnings per share next year.
http://www.nbcnews.com/business/markets ... rs-n444706
dinopello wrote:We don't have a Walmart in our entire county. But, that's because the government made them illegal. There is a Costco and I think a Target either in or just over the county line.
dinopello wrote:Lore wrote:Walmart is in a desperate death spiral trying to keep that house of cards from falling. Why, because you can never be too cheap and there is always someone or something cheaper.
Ain't it the truth !
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