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This is assuming "mom and pop stores" are beneficial. We certainly like them when driving through picturesque small towns but I know a lot of people living in t
by zwieback 5y ago
This is assuming "mom and pop stores" are beneficial. We certainly like them when driving through picturesque small towns but I know a lot of people living in those towns that prefer an efficient supplier. They understand what they lose but prefer to save money on their shopping trips.
- Turing_Machine 5y agoRight. Walmart not only sells merchandise cheaper than "Mom and Pop", they almost certainly pay their employees higher wages than Mom and Pop ever did. They also have a 401(k) (fully-vested after only 7 years) and an education program that covers tuition, books, and fees for majors of interest to Walmart (e.g., IT and supply-chain management). The opportunities for advancement at "Mom and Pop" were pretty much limited to "Son or Daughter". By contrast, the current CEO of Walmart (annual compensation $22 million, net worth > $100 million) started working there as a summer job in high school, unloading trucks, and has never worked anywhere else.