I just despise this, the deck is stacked against us so hard that a normal life feels so.... Utopian in how impossible it is to acquire.
this post was submitted on 26 Dec 2024
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I thoroughly enjoyed this article. It was full of cited information and even the sources led to interesting reads.
The Walton Family are terrorists
This just in, studies rediscover basic functions of an economy. Again.
A few more studies bro, just a few more. We are sure to figure this stuff out if we just do another study.
The frustrating thing is: Sometimes the same economists who do these studies tend to magically forget their own findings a week later when they are interviewed by some news channel about what the government should do about x or y. Because they can't live with the fact that some of the base principles and beliefs of their own school of thought are deeply flawed.
Or, more likely the economic incentives that they are exposed to (academia, grants and the politics of both) reward this behaviour.
The principals are understood, I remember reading about similar issues with the Dutch East India Company (you know that recent company that just went under in 1799) back in school. The reason we are where we are is that people (economists often try to say otherwise, but are included in this set) in the system we have are incentivised to not actually change things, but to come up with reasons why they should stay this way.
Someone should look into this capitalism thing and see if its creating any problems, surprised noone has thought about it till now
Oh yeah, we should do a study....
Wait a minute, I am on to you grant boi.....
Another quality-of-life lowering thing caused by Walmart/Amazon that's obvious but they didn't go into, is that once Walmart and Amazon have eliminated so many local businesses, everyone is forced to shop at them. Even if we don't want to, we have nowhere else to go--we can't just boycott them and still get stuff we need.
Walmart decides what you will and won't have access to buy. They've pared down the variety of brands and offer a subset of items by those brands minimum, for their efficiency of ordering and stocking items, including groceries. Then the brands stop making the items that Walmart decided not to stock, so they're gone. There are still a few other grocery stores but most have them have merged into a few mega-grocery chains with the same issues as with Walmart.
So even if you're OK with going to Walmart your choices are limited (those of us old enough to remember things we used to be able to buy that are long gone these days may notice this more). So what it's come down to is you get what Walmart offers you, or you order it from Amazon or Temu. There are still a few places to get real things of good quality, but they're harder to find, never local stores, so you have to order online sight unseen, and of course it's an expensive and time-consuming process compared to being able to just go to the store and grab something.
Their stores extract local spending dollars and transfer them to shareholders who live in gated communities.
If they paid more in wages than a store made in profits they would close the store.
Yes to the first part, but the second part is just how businesses work? If your gross income is lower than your expenses you're operating at a loss and it's not sustainable. Wages should absolutely be higher, though. Quick back-of-the-napkin math shows that last year Walmart made a net profit of over 11 billion dollars and employed just over 2 million people. They could boost every single employee's pay by $5000 annually and still make a billion dollars in profit.
They could boost every single employee’s pay by $5000 annually and still make a billion dollars in profit.
Except for the corporate employees / managers, which get stock options that are much higher than $5,000 annually ofc
Yes it is exactly how corporations work. That is the root cause of the problem.
It should be no suprise that the corporations are sucking the country dry.
The need is for an economic implementation that does not lead to death by parasite to most of the land.
Okay for Walmart. Now, is it the same or worse with Amazon ?
Walmart is bad for small town America. And the rest of America too.
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