3 ms·
Yes. Walmart has a big impact on local economies. Especially small rural communities. Tractors had a similar impact on agricultural workers when they started di
by troupe 3y ago
Yes. Walmart has a big impact on local economies. Especially small rural communities. Tractors had a similar impact on agricultural workers when they started displacing labor.
If you calculate what impact Walmart has had on the average standard of living, would you claim that it has driven it lower? There are obviously going to be some people and segments that aren't able to adapt quickly, but that is the case with anything...and even those individuals are going to benefit from goods being available at lower prices.
- monero-xmr 3y agoIt’s amazing how people worship this supposedly perfect former world of “mom and pop shops”, ignoring the terrible prices and selection. Wal Mart won because consumers liked it better - far better. If we wanted to subsidize tiny stores that were worse on every metric, you are essentially making a museum or charity, at the cost of damaging the entire society via higher prices and worse products.