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(Current)   What to say to the last five people that still defend Walmart   (current.com) divider line 437
    More: Obvious, Wal-Mart, John Fugelsang  
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10773 clicks; posted to Politics » on 26 Jul 2013 at 5:15 PM (51 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-07-26 08:48:56 PM
Apparently, hundreds of millions of shoppers are ignoring the message.

It's a free country.  Go to Whole Foods and mix with the elite, or shop with the poor people at Wal-Mart.  I like mixing with the latter myself.
 
2013-07-26 08:50:25 PM

dumbobruni: the attacks on Walmart are severely misguided, as most other big-box retailers (and Amazon) are guilty of the same things that Walmart does.

I hear and see a lot of crying over Walmart killing off small businesses and stopping collective organization of workers, but almost never hear of complaints of the same against from by Target, Sears, Kmart, Macys, Best Buy, Staples, Home Depot, Lowes, Kohls, Family Dollar, Big Lots, Ikea, etc. All of them are guilty. And "killing" Walmart wouldn't solve it, as some other behemoth would come to take its place (as Walmart did to Sears Roebuck).


Walmart gets the most grief because Walmart is the biggest employee in the US, and by far the most powerful retailer in the US. They have had a serious effect on our economy, simply because by demanding lower prices from their suppliers that means more jobs have gone overseas. Less manufacturing jobs, and overall less money going into local communities. No doubt others are just as bad, but Walmart gives it competitors little choice but to do the same to stay competitive.
 
2013-07-26 08:50:33 PM
Target has hotter women shopping. That's my reason to not go to Walmart.
 
2013-07-26 08:50:56 PM

firefly212: SirGeorgeBurkelwitzIII: Popcorn Johnny: CynicalLA: White trash love them some Walmart!

Internet sheep love to hate on some Walmart!

I disagree with about 95% of what you post on Fark, but this thread is ridiculous. Everyone is jumping all over your ass because you shop at Wal Mart because its the economically sound decision. You're not even defending their business practices, just saying you shop there because its cheaper (as anyone smart with their money would do).

People around here can be so farking stupid.

I feel for people in that position... mostly because Wal-Marts are (by the math) only cheaper for the first three years they are in a town... after that, the local inflation at wal-marts exceeds average inflation... Basically, they put stuff on sale until they run local businesses and nearby competitors out, then they jack up prices to cover the earlier losses, so it ends up being more expensive (and more profitable) in the long run. Though I empathize with the short term savings (having been poor at times myself), in the long-run, shopping at wal-mart both increases your costs, and screws the local businesses. I certainly wouldn't demonize their shoppers though... I mean Wal-Mart has built an empire focused around information asymmetry, whether we're talking about the conditions their products are made in, or their pricing structures... they're winning a war against the people they're preying on, and I certainly wouldn't demonize the very people who are hurt by that information asymmetry.


See, now this is something I agree with, rather than the rabid hyperbole that seems to normally get thrown out.
 
2013-07-26 08:55:04 PM
Walmart is awesome.  The exact same products I'd buy elsewhere, for less money - that's a no-brainer.  If you don't like it, shop elsewhere.

With a few exceptions, most of the opposition to Walmart is either political (anti-free trade left) or fronting ("I pay extra for my invisible clothing because I'm morally enlightened").
 
2013-07-26 08:55:18 PM
Er, employer. Not employee. Bleh.
 
2013-07-26 08:56:49 PM

Captain Dan: Walmart is awesome.  The exact same products I'd buy elsewhere, for less money - that's a no-brainer.  If you don't like it, shop elsewhere.

With a few exceptions, most of the opposition to Walmart is either political (anti-free trade left) or fronting ("I pay extra for my invisible clothing because I'm morally enlightened").


So you like the fact that your tax dollars are going towards subsiding Walmart employees eh?
 
2013-07-26 08:57:39 PM

bbfreak: So you like the fact that your tax dollars are going towards subsiding Walmart employees eh?


No, of course not.  I'd rather not subsidize anyone's health care.
 
2013-07-26 08:58:01 PM
bp2.blogger.com
 
2013-07-26 09:03:13 PM
What to say ? 1 word for each- Why do you hate america ?
 
2013-07-26 09:05:25 PM

Captain Dan: Walmart is awesome.  The exact same products I'd buy elsewhere, for less money - that's a no-brainer.  If you don't like it, shop elsewhere.

With a few exceptions, most of the opposition to Walmart is either political (anti-free trade left) or fronting ("I pay extra for my invisible clothing because I'm morally enlightened").


Or, y'know, "Their service is shiat, their business practices are shiat, and they treat their employees like shiat."
 
2013-07-26 09:09:28 PM

Sergeant Grumbles: Debeo Summa Credo: Smells like bullshiat. A vendor is going to put their name on a shiattier quality product just for walmart? No chance.

This is documented fact.

http://www.cio.com/article/31948/Supply_Chain_Partnerships_How_Levi_s _ Got_Its_Jeans_into_Wal_Mart


He is wrong about everything, as usual.
 
2013-07-26 09:10:29 PM

LarryDan43: Target has hotter women shopping. That's my reason to not go to Walmart.


Checking out too, don't know why but this has been my experience.
 
2013-07-26 09:21:41 PM

LordJiro: Or, y'know, "Their service is shiat, their business practices are shiat, and they treat their employees like shiat."


1. I've never had a problem with their service.  What service problems have you had?  (Did you complain to a manager or supervisor?  How was your complaint resolved?)

2. Which business practices are you upset about?  Specifically, not "they're greedy and furthermore capitalism."

3. How specifically do they treat their employees "like shiat"?
 
2013-07-26 09:22:14 PM
Costco, which has very loyal and happy employees who are paid well above the average for retail, for comparison:  Stock price - 10 yrs ago:  $31, today's close $116  (375% return on investment)

WalMart - with shoddy stores, unhappy employees and a pay and benefits package that barely beats out some 3rd world nations:  Stock price-  10 yrs ago $55, today's close $78 (141% ROI)


Which business model seems to be the most successful?  Paying your employees such a crap wage that you tend to draw the worst dregs of the employee market to man your stores; or providing a pay and benefits package that leads to having one of the highest employee retention and job satisfaction rates in retail?

How can the "geniuses" that run WalMart not see what is plain on its face?  More importantly, how can someone analyzing the retail market place looking for a place to buy some stock, not see that Costco provides close to 3 times the ROI than WalMart?
 
2013-07-26 09:26:50 PM

jst3p: LarryDan43: Target has hotter women shopping. That's my reason to not go to Walmart.

Checking out too, don't know why but this has been my experience.


It is strange. We have a Target across the street from a Wally-mart and the MILFs do tend to go to Target. I think they cater more to the ladies than wally-mart but the price points are similar. There are watered down versions of TVs (Panasonic and sony are guilty of this) and watered down brand name clothing as well but target somehow makes their clothing lines acceptable to middle class people.
 
2013-07-26 09:27:05 PM

rev. dave: I will still shop there if the price is 30% more.  Especially if the workers are better treated.


You just described Costco's business plan. Which leads to the question, why aren't you shopping there instead?
 
2013-07-26 09:28:44 PM
Just going to leave this here:

Penn & Teller on Walmart
 
2013-07-26 09:31:06 PM

lawboy87: Costco, which has very loyal and happy employees who are paid well above the average for retail, for comparison:  Stock price - 10 yrs ago:  $31, today's close $116  (375% return on investment)

WalMart - with shoddy stores, unhappy employees and a pay and benefits package that barely beats out some 3rd world nations:  Stock price-  10 yrs ago $55, today's close $78 (141% ROI)


Which business model seems to be the most successful?  Paying your employees such a crap wage that you tend to draw the worst dregs of the employee market to man your stores; or providing a pay and benefits package that leads to having one of the highest employee retention and job satisfaction rates in retail?

How can the "geniuses" that run WalMart not see what is plain on its face?  More importantly, how can someone analyzing the retail market place looking for a place to buy some stock, not see that Costco provides close to 3 times the ROI than WalMart?


You don't know if there was split, what the dividend return was etc. WMT is part of the Dow Jones Costco isn't this means more diluted shares outstanding. Costco could have bought back treasury stock etc. This is a poor comparison.
 
2013-07-26 09:31:06 PM

Captain Dan: LordJiro: Or, y'know, "Their service is shiat, their business practices are shiat, and they treat their employees like shiat."

1. I've never had a problem with their service.  What service problems have you had?  (Did you complain to a manager or supervisor?  How was your complaint resolved?)

Recently? None, because I stopped shopping at that dump long ago, after I had to repeatedly wait ages for service (if it ever arrived) at various counters because the store was understaffed to save money.

2. Which business practices are you upset about?  Specifically, not "they're greedy and furthermore capitalism."
How about selling lower-quality versions of name-brand items? And weaseling out of giving their employees any sort of benefits?

3. How specifically do they treat their employees "like shiat"?

See above. Also, there are quite a few stories around the internet of such things.
 
2013-07-26 09:32:14 PM

Captain Dan: LordJiro: Or, y'know, "Their service is shiat, their business practices are shiat, and they treat their employees like shiat."

1. I've never had a problem with their service.  What service problems have you had?  (Did you complain to a manager or supervisor?  How was your complaint resolved?)


Every grocery cart that I've ever tried to use there has had a bum wheel.  While they have 22 checkout lines, they never seem to have more than four or five open.  There are a lot of screaming kids running around (maybe not something Wal-Mart can control, but I don't notice the same thing at Target or Publix, so it makes me less likely to go to Wal-Mart).  The parking lot is always overcrowded with tons of discarded carts laying around.
 
2013-07-26 09:33:34 PM

Selena Luna: Debeo Summa Credo: peacheslatour: Popcorn Johnny: I shop there at least a few times a month, suck it.

You would.

So do millions and millions of other people, because they can get more for their money there.

Shake your impotent fists of rage all you want, this is a fact.

Over time, it costs considerably more. When the only clothes I could afford were WalMart clothes, I was replacing them all the time. I can afford better clothes now and they last much longer. I realize this is an anecdote, but it's also the case with most of the crap. Your money doesn't go further there.


Remember, cost is money x time. Which costs less, really: Something that you pay $400 for that lasts six months, or something you pay $600 for that lasts 2 years?
 
2013-07-26 09:38:03 PM

Captain Dan: Walmart is awesome.  The exact same products I'd buy elsewhere, for less money - that's a no-brainer.  If you don't like it, shop elsewhere.


Except they're usually not. Even the brand-names are far shoddier than they would be elsewhere.

That's the trick to another promo they have: "If you find a lower price on the same item in another store, we'll match it!" ...except even if you find that lower price, you'll find out that it's not "really" the exact same item. "See, that's model 121J, while we carry model 121JW, a model exclusive to Wal-Mart stores!" ...and made with cheaper materials and/or comes with less stuff.
 
2013-07-26 09:41:50 PM

lawboy87: Costco, which has very loyal and happy employees who are paid well above the average for retail, for comparison:  Stock price - 10 yrs ago:  $31, today's close $116  (375% return on investment)

WalMart - with shoddy stores, unhappy employees and a pay and benefits package that barely beats out some 3rd world nations:  Stock price-  10 yrs ago $55, today's close $78 (141% ROI)


Which business model seems to be the most successful?  Paying your employees such a crap wage that you tend to draw the worst dregs of the employee market to man your stores; or providing a pay and benefits package that leads to having one of the highest employee retention and job satisfaction rates in retail?

How can the "geniuses" that run WalMart not see what is plain on its face?  More importantly, how can someone analyzing the retail market place looking for a place to buy some stock, not see that Costco provides close to 3 times the ROI than WalMart?





Oh look, it's that durrrrtard that compares Costco to Walmart instead of SAMs club.....
 
2013-07-26 09:42:43 PM
The only thing I buy at Walmart is ammo.  The ammo is made in America, and there's no way Walmart makes money with their prices on ammunition, given the amount of hassle and payroll they have to focus on that particular merchandise.
 
2013-07-26 09:45:27 PM

Captain Dan: Walmart is awesome.  The exact same products I'd buy elsewhere, for less money - that's a no-brainer.  If you don't like it, shop elsewhere.


Shoprite is cheaper or groceries, target is cheaper for clothes and electronics. Most people just think walmart is cheaper.
 
2013-07-26 09:46:07 PM

TuteTibiImperes: Captain Dan: LordJiro: Or, y'know, "Their service is shiat, their business practices are shiat, and they treat their employees like shiat."

1. I've never had a problem with their service.  What service problems have you had?  (Did you complain to a manager or supervisor?  How was your complaint resolved?)

Every grocery cart that I've ever tried to use there has had a bum wheel.  While they have 22 checkout lines, they never seem to have more than four or five open.  There are a lot of screaming kids running around (maybe not something Wal-Mart can control, but I don't notice the same thing at Target or Publix, so it makes me less likely to go to Wal-Mart).  The parking lot is always overcrowded with tons of discarded carts laying around.


Sounds exactly like the WM by me.

The thing that got me was that they took out the self-checkout stands and replaced them with more regular checkout stands that are rarely open.
 
2013-07-26 09:46:48 PM
not sure if this has been posted already, but it always gives me a laugh.


www.motivationals.org
 
2013-07-26 09:48:35 PM

Popcorn Johnny: dumbobruni: Kohls

You want to talk about some shady business practices, they're among the worst. They overprice everything they sell and then constantly have everything marked at a discount so people think they're getting a deal.


This has to be the first time i've agreed with you on pretty much anything.
 
2013-07-26 09:51:11 PM
Walmart is the functional microeconomic version of the housing bubble.
Same effect but on a different scale, slower but much deeper and damaging.
 
2013-07-26 09:51:18 PM
Is it possible to not use Walmart because I feel the onus of responsibility is on the consumer?

A corporation is a soulless legal entity that exists to maximize utility for its owners (just like a union). It has no political views and no ethical restrictions and will consider all available options to maximize utility. If Walmart thought that it could make more money by closing the stores and building cruise ships, it would do so. If Walmart thought it could get away with paying labor a cheaper rate, it would do so. And if Walmart thought that it could improve business by giving billions of dollars away to save the rain forest charities, it would also do so. The only ways to control a corporation are through consumption and through the government (both of which required informed citizenry - a major no-no).

I don't agree with Walmart's stance on labor rights and blatant abuse of economies of scale, so I don't use them.

/Filthy liberal socialist
 
2013-07-26 09:52:14 PM

Almost Everybody Poops: Popcorn Johnny: dumbobruni: Kohls

You want to talk about some shady business practices, they're among the worst. They overprice everything they sell and then constantly have everything marked at a discount so people think they're getting a deal.

This has to be the first time i've agreed with you on pretty much anything.


Now the question is, is he bringing it up because he legitimately gives a shiat, or because he appears to be advertising for Wal*Mart and Kohls is competition?
 
2013-07-26 09:53:24 PM

firefly212: SirGeorgeBurkelwitzIII: Popcorn Johnny: CynicalLA: White trash love them some Walmart!

Internet sheep love to hate on some Walmart!

I disagree with about 95% of what you post on Fark, but this thread is ridiculous. Everyone is jumping all over your ass because you shop at Wal Mart because its the economically sound decision. You're not even defending their business practices, just saying you shop there because its cheaper (as anyone smart with their money would do).

People around here can be so farking stupid.

I feel for people in that position... mostly because Wal-Marts are (by the math) only cheaper for the first three years they are in a town... after that, the local inflation at wal-marts exceeds average inflation... Basically, they put stuff on sale until they run local businesses and nearby competitors out, then they jack up prices to cover the earlier losses, so it ends up being more expensive (and more profitable) in the long run. Though I empathize with the short term savings (having been poor at times myself), in the long-run, shopping at wal-mart both increases your costs, and screws the local businesses. I certainly wouldn't demonize their shoppers though... I mean Wal-Mart has built an empire focused around information asymmetry, whether we're talking about the conditions their products are made in, or their pricing structures... they're winning a war against the people they're preying on, and I certainly wouldn't demonize the very people who are hurt by that information asymmetry.


You're an econ PhD if I remember correctly. Do you have citations for this? I teach undergrad econ and usually want to say stuff like this, but I'm not sure how to back it up.
 
2013-07-26 09:56:44 PM
Maidens Wal-Marts I have rescued on the internet:  countless
Maidens Wal-Marts that have rewarded me with sex:  0
 
2013-07-26 10:00:55 PM
Oh goodie, Current is now criticizing companies in the US that provides millions of jobs, supports millions of jobs of suppliers  and has stock that is owned by unions and teachers and little ol ladies
 
2013-07-26 10:02:45 PM

muddythinker: Apparently, hundreds of millions of shoppers are ignoring the message.

It's a free country.  Go to Whole Foods and mix with the elite, or shop with the poor people at Wal-Mart.  I like mixing with the latter myself.


This is the part where we call the left "elitist" for standing up for the common man as we throw our weight behind the fat cats shipping jobs to third-world sweatshops, I see.

/do most of my grocery shopping at WinCo.
//just as cheap as Wal-Mart, and employee owned.
 
2013-07-26 10:02:56 PM

gnosis301: Maidens Wal-Marts I have rescued on the internet:  countless
Maidens Wal-Marts that have rewarded me with sex:  0


I'd hit Funny, if I wasn't on mobile Fark.
 
2013-07-26 10:06:17 PM

Debeo Summa Credo: Sergeant Grumbles: SirGeorgeBurkelwitzIII: I disagree with about 95% of what you post on Fark, but this thread is ridiculous. Everyone is jumping all over your ass because you shop at Wal Mart because its the economically sound decision. You're not even defending their business practices, just saying you shop there because its cheaper (as anyone smart with their money would do).

And if you'd understood anything you read, you'd see that everyone is mentioning the hidden price of shopping there, mainly via taxes to support Wal-Mart's poverty wages.

SirGeorgeBurkelwitzIII: People around here can be so farking stupid.

Right back at ya.

Don't like subsidizing the workers? Cut the farking subsidy!!!

Its not walmarts fault. If Walmart wasnt around, we'd be paying even more to support these people, and every other poor person who now shops at Walmart would have a harder time making ends meet!


Sounds good. Anyone employed for more than 1 hour per week either directly or through contract by a company with more than 5000 employees is not eligible for any sort of government funded social assistance.

Write your congress and and senator today.
 
2013-07-26 10:06:52 PM

HeartBurnKid: muddythinker: Apparently, hundreds of millions of shoppers are ignoring the message.

It's a free country.  Go to Whole Foods and mix with the elite, or shop with the poor people at Wal-Mart.  I like mixing with the latter myself.

This is the part where we call the left "elitist" for standing up for the common man as we throw our weight behind the fat cats shipping jobs to third-world sweatshops, I see.

/do most of my grocery shopping at WinCo.
//just as cheap as Wal-Mart, and employee owned.


Aldi and Woodman's.  Aldi pays their people decent wages, and Woodman's is employee owned.  Also better food and prices, and a far, far wider selection (at Woodman's).

Why you would go grocery shopping at a Walmart or Target is beyond me....
 
2013-07-26 10:17:05 PM

Popcorn Johnny: ghare: Unemployed, or on disability?

I'm on the higher end of the average Farker pay scale, that doesn't mean I'm not going to shop smart. If you feel superior by paying more for what you buy, rock on with your bad self


Because prices for the consumer are the only thing that matter in a global economy where wages have now become a commodity. I'm glad you were able to share how awesome it is to save three cents on the dollar so that we can show the third world (and pampered American labor) how worthless it is in the grand scheme of things.

I, like you, prefer lower priced goods in favor of lower wages. It's God's plan, dontcha know.
 
2013-07-26 10:22:21 PM

TuteTibiImperes: Also, 5 years in and only $11 an hour?  That's not exactly something that people should be shooting for.


A job at WalMart is not a lofty career ambition?  You don't say!
 
2013-07-26 10:22:57 PM

IlGreven: Except they're usually not. Even the brand-names are far shoddier than they would be elsewhere.


Most of my excursions to Walmart are specifically for cheap items, e.g. things that I won't mind breaking, or for groceries, which are often 25% less than any of the other nearby grocery stores.
 
2013-07-26 10:24:01 PM

muddythinker: Apparently, hundreds of millions of shoppers are ignoring the message.

It's a free country.  Go to Whole Foods and mix with the elite, or shop with the poor people at Wal-Mart.  I like mixing with the latter myself.


Well, that isn't saying much. >.> Grownups 2 was also thought to be more worth seeing than Pacific Rim even though Grownups 2 got a score of 10 percent on Rotten Tomatoes. Shockingly, American consumers are idiots. You get what you pay for.
 
2013-07-26 10:24:04 PM

Fark It: HeartBurnKid: muddythinker: Apparently, hundreds of millions of shoppers are ignoring the message.

It's a free country.  Go to Whole Foods and mix with the elite, or shop with the poor people at Wal-Mart.  I like mixing with the latter myself.

This is the part where we call the left "elitist" for standing up for the common man as we throw our weight behind the fat cats shipping jobs to third-world sweatshops, I see.

/do most of my grocery shopping at WinCo.
//just as cheap as Wal-Mart, and employee owned.

Aldi and Woodman's.  Aldi pays their people decent wages, and Woodman's is employee owned.  Also better food and prices, and a far, far wider selection (at Woodman's).

Why you would go grocery shopping at a Walmart or Target is beyond me....


I quit going to Wal-Mart for groceries a few years ago when I started to realize that the prices at the Albertson's that was was closer to my the house I lived in were the same on pretty much everything, and they had better produce and meat than I could find at Wal Mart, all without the aggravation of standing in a 10 deep line like I would be at Wally World. Seriously, I challenge those that shop at Wal Mart for everything to really sit down and do a price comparison between WM and some other store, and you'll find your saving very little, if you are saving at all.

After that, I started looking at other things. Tools, etc can be purchased from my local or regional chain hardware store for not much more than I would pay at WMT, but the quality of the tool is better. When I needed a water pump for the swamp cooler, I found a more powerful pump with a one year warranty at the local plumbing/HVAC store that came with a one year warranty for the same price that WMT wanted for a less powerful, more cheaply made one with a 60 day warranty...the list goes on and on.

I am not a well off guy. Far from it, in fact. I save wherever I can, and I've found that Wal Mart, most times, does not save me any money at all, and costs me a lot of of aggravation every time I do need to go there.
 
2013-07-26 10:26:13 PM

bbfreak: Captain Dan: Walmart is awesome.  The exact same products I'd buy elsewhere, for less money - that's a no-brainer.  If you don't like it, shop elsewhere.

With a few exceptions, most of the opposition to Walmart is either political (anti-free trade left) or fronting ("I pay extra for my invisible clothing because I'm morally enlightened").

So you like the fact that your tax dollars are going towards subsiding Walmart employees eh?


If he is, his beef is with politicians and voters who enact these subsidies, not Walmart.

Don't like giving people handouts with tax dollars? Then don't.
 
2013-07-26 10:30:30 PM

TuteTibiImperes: BMFPitt: I came to refute the derp, but then it was a video so fark that until someone makes a list.

No derp, just facts like Wal-Mart drives local businesses out of business and despite record profits still pays so little that in many states Wal-Mart employees are the largest group on public assistance.  Just getting the message out there that the low prices you pay have a hidden cost in your tax dollars because Wal-Mart won't pay enough for employees to live without government funded assistance.


If they're out competed, they're out competed. Good riddance to inefficient business!
 
2013-07-26 10:33:11 PM

Snarcoleptic_Hoosier: Is it possible to not use Walmart because I feel the onus of responsibility is on the consumer?

A corporation is a soulless legal entity that exists to maximize utility for its owners (just like a union). It has no political views and no ethical restrictions and will consider all available options to maximize utility. If Walmart thought that it could make more money by closing the stores and building cruise ships, it would do so. If Walmart thought it could get away with paying labor a cheaper rate, it would do so. And if Walmart thought that it could improve business by giving billions of dollars away to save the rain forest charities, it would also do so. The only ways to control a corporation are through consumption and through the government (both of which required informed citizenry - a major no-no).

I don't agree with Walmart's stance on labor rights and blatant abuse of economies of scale, so I don't use them.

/Filthy liberal socialist


I'm okay with this. Everyone should follow your example: don't like Walmart? Don't shop there.

I'll go because those near me arent nearly as bad as they apparently are in other parts of the country, and they have good prices on basic staples.
 
2013-07-26 10:35:06 PM

muddythinker: Apparently, hundreds of millions of shoppers are ignoring the message.

It's a free country.  Go to Whole Foods and mix with the elite, or shop with the poor people at Wal-Mart.  I like mixing with the latter myself.


There are a lot of white trash in this country and Walmart seems to be their favorite place.  I'll shop where it doesn't smell.  I'm lucky and tons of different choices.
 
2013-07-26 10:36:57 PM

Msol: firefly212: SirGeorgeBurkelwitzIII: Popcorn Johnny: CynicalLA: White trash love them some Walmart!

Internet sheep love to hate on some Walmart!

I disagree with about 95% of what you post on Fark, but this thread is ridiculous. Everyone is jumping all over your ass because you shop at Wal Mart because its the economically sound decision. You're not even defending their business practices, just saying you shop there because its cheaper (as anyone smart with their money would do).

People around here can be so farking stupid.

I feel for people in that position... mostly because Wal-Marts are (by the math) only cheaper for the first three years they are in a town... after that, the local inflation at wal-marts exceeds average inflation... Basically, they put stuff on sale until they run local businesses and nearby competitors out, then they jack up prices to cover the earlier losses, so it ends up being more expensive (and more profitable) in the long run. Though I empathize with the short term savings (having been poor at times myself), in the long-run, shopping at wal-mart both increases your costs, and screws the local businesses. I certainly wouldn't demonize their shoppers though... I mean Wal-Mart has built an empire focused around information asymmetry, whether we're talking about the conditions their products are made in, or their pricing structures... they're winning a war against the people they're preying on, and I certainly wouldn't demonize the very people who are hurt by that information asymmetry.

You're an econ PhD if I remember correctly. Do you have citations for this? I teach undergrad econ and usually want to say stuff like this, but I'm not sure how to back it up.


http://onlinelibrary.wiley.com/doi/10.3982/ECTA6649/abstract

There are a few out there, the one I like was written in 2004, but I can't for the life of me find it (just wrapping up a 13 hour day, so my brain isn't all here).
 
2013-07-26 10:39:44 PM
Follow up-

Joe Stiglitz was the one who wrote the study I liked best, but I'm so friggin burned out tonight... Borderlands, then bed.
 
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