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Within 10 years walmart will have 0 retail employees. They devastate communities, put all their competition out of business, and then lay off their human work

by gjolund 10y ago

Within 10 years walmart will have 0 retail employees. They devastate communities, put all their competition out of business, and then lay off their human work force. Walmart has a vested interest in perpetuating poverty.

paulddraper 10y ago
Markets are efficient. The value of a large selection of cheap goods (that even indigents can afford, mind you) is higher than the value of certain jobs. Even if you are right 10 years from now (and you won't be), it will be because it increases net economic efficiency.
- cheez 10y ago
  Not exactly. It will be because it saves or makes Walmart money. The theory is that this increases overall net economic efficiency in the global context.
- gjolund 10y ago
  That would be true if Walmart was not already receiving huge subsidies in the form of food stamps.