I am no great fan of WalMart, but just to play devil's advocate, lower wages are Not a negative if you are the one paying them, whether directly, as an employer, or indirectly, as a customer.
WalMart is an engine of deflation, and if did not exist, someone else would have come up with a similar business model, and reaped the rewards. Whether that is a bad thing depends (like all deflationary engines) on whether you are leveraged or not.
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I am no great fan of WalMart, but just to play devil's advocate, lower wages are Not a negative if you are the one paying them, whether directly, as an employer, or indirectly, as a customer.
Nov 10 16:51 pm
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All Comments by Jasper M »The Good and Bad of Wal-Mart [View article]
WalMart is an engine of deflation, and if did not exist, someone else would have come up with a similar business model, and reaped the rewards. Whether that is a bad thing depends (like all deflationary engines) on whether you are leveraged or not.