Opponion Forum Index
RegisterSearchMemberlistLog in
Reply to topic Page 1 of 1
Evil Wal-Mart Strikes Again
Author Message
Reply with quote
Post Evil Wal-Mart Strikes Again 


http://www.nytimes.com/2006/10/02/business/02walmart.html?ex=1159934400&en=eaafdee2075fc56d&ei=5087%0A

Wal-Mart is putting caps on its wages, and moving towards hiring more part-time, "flexible" employees and forcing out long-term full-time employees to save on wages and benefits. All this to help its stock prices.

Turns out "everyday low prices" come at the cost of social justice and vibrant local economies. Who's shocked?

What are your thoughts on Wal-Mart?


Reply with quote
Post  


Watched a PBS documentary about Wal-Mart a while back. Wal-Mart pretty much started the job outsourcing and had driven a lot of companies out of business. One example was Rubbermaid, which used to be the name of a company carrying the same name, now it is just a brand under a different company. In the old days, if you are a manufacturer or farmer, you set your product prices and retailers will set their prices accordingly to make a profit. Wal-Mart completely changed that. Now, Wal-Mart sets the prices for manufacturers. If they don't like the price set by Wal-Mart, they will lose their business there. So, in order to meet Wal-Mart's low prices, companies have to find cheaper labors. That led to the massive job outsourcing.

There was an article about Wal-Mart's impact on our economy on Business Week. The article concluded with: The best thing for a company is to do business with Wal-Mart; the second best thing is NOT to do business with Wal-Mart.


Display posts from previous:
Reply to topic Page 1 of 1
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum