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goobster  ·  3002 days ago  ·  link  ·    ·  parent  ·  post: Apples and Walmarts

Fuck this author. He needs a punch in the dick.

Walmart exists ONLY because of the US security safety net. They dropped their prices so low they couldn't pay a living wage, force out businesses that DID pay a living wage, and then push their employees to get welfare and food stamps and emergency room health care ... which is all paid for by all of the employees of companies that pay a living wage!

The author points this out in his amazing calculations that show raising employee wages would cost more than Walmart makes in a year!

Well, duh! No shit, sherlock. That's their entire useless fucking business plan!

Step 1: Open a store in a small town.

Step 2: Offer prices too low for any local competitor to meet.

Step 3: Employ all the competitor's laid-off workers at 1/2 their previous pay scale.

Step 4: Point out that if they can't live off the Walmart wages, that the Gummint will support them.

Step 5: Move profits into overseas banks and manufacturing, to protect it from US taxation.

Step 6: Let the American taxpayer pay the bills that Walmart abdicates paying.

This isn't even interesting. Or hard to figure out. They do nothing to hide it. All the information is right there, out in the open, available to anyone who wants to look at it.

And they STILL get away with it.