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>>the average low net worth household probably saved much, much more than $3,000 by shopping at Walmart. That's a win-win, and it's how an economy grows. Dunno

>>the average low net worth household probably saved much, much more than $3,000 by shopping at Walmart. That's a win-win, and it's how an economy grows. Dunno, it doesn't seem to be win-winning. Maybe because the pressures exerted by Walmart to get those low-low prices has forced the formerly decently paying manufactoring jobs overseas. So the guy who used to work at a factory now works at McDonalds making 33% of what he made without any decent benefits.

twoodfin 13y ago
Of course it's a win-win. The money those low net worth households save doesn't disappear: The poor spend most of their income, and as a result, the money that was going to a more inefficiently manufactured product is now being spent on something more economically competitive. A burrito at Chipotle or a pair of sneakers or an Android phone. Nobody's entitled to a job, but when Walmart trims inefficiencies, it ensures that consumer spending is going towards the products of more efficient producers at their own stores and elsewhere, adding jobs where they can be the most productive.