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>>> People working at factories with families have to make economically smart decisions. The poor and lower class alone didn't make Walmart a retail titan. It
by georgeplusplus 3y ago
>>> People working at factories with families have to make economically smart decisions.
The poor and lower class alone didn't make Walmart a retail titan.
It was the middle class who launched walmart into the top spot and fortunately for them, compared to their lower income peers, they did not have to make those life or death cost saving decisions but chose to like when they wanted a new flat screen TV or niche kitchen appliance
These purchases werent truly necessary and id even argue whatever perihperal like a tv and kitchen aplliance they had owned was in working condition, maybe not the top of the line cutting edge device. So this wasn't truly a needed product except for upgrading for the sake of upgrading that the middle class started splurging on the idea of a discount being presented.
During that time, as TVs improved year over year I knew several families who would trade theirs in for the yearly imorovement almost like an iPhone upgrade.
- j4yav 3y agoBy middle class here are you referring to middle range wage earners?
- georgeplusplus 3y agoIs this what the downvotes are for? I don't think someone has to necessarily be wage earning to be considered middle class. Middle Class is a fairly broad and ubiquitous term used in the USA to refer to a group of the population who doesn't necesarily live paycheck to paycheck or is on government assistance and whose definition probably varies person to person.
- j4yav 3y agoNot sure about the downvotes, but I was curious which part you were referring to because it is a broad group and can be an ambiguous term depending on who you're talking to. The part I personally think of as middle class arent really Walmart shoppers.
- edgyquant 3y agoNo the downvotes are likely for responding to a comment with the exact same drivel as the GP it responded to. Make a new point