3 ms·
Lower prices are good for consumers. If you manufacture commodities then ideally you will have no profit margin in a free market. If you did, someone could co
by skwirl 12y ago
Lower prices are good for consumers. If you manufacture commodities then ideally you will have no profit margin in a free market. If you did, someone could come in and undercut you and take your market share, without losing money doing so. Walmart is just being a rational consumer - if they can get something for cheaper somewhere else, they will.
The only thing I have a problem with is when costs are cut by reducing wages to the point where employees have to take public assistance. This is government subsidization of your business. This should be solved with a mandatory minimum wage set to a value that is a living wage.