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I'm sure there are other kinds of stores wal-mart could push out though.
by rconti 9y ago
I'm sure there are other kinds of stores wal-mart could push out though.
- adventured 9y agoSure and they all pay even lower wages than Walmart and employ few people. I grew up in one of these types of locations. There was absolutely nothing glorious about the Mom & Pop stores that employed few people, paid crap wages and offered zero benefits at all (because they all made little money, couldn't afford to purchase in volume (margins), and were always drifting on the edge of going out of business). Since Walmart showed up there, wages are up over 50% in ~20 years. Walmart absorbed all the perpetual under-employment in the low skill pool, along with teenagers and retired elderly. It helped set a base income for the entire population by altering the local economy.