Walmart Good for America? (1/6)

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News & Politics

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• Frontline
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• Walmart
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[eddiegill]

Henry Ford was asked why he paid his workers so well....He said so they could afford to buy his cars.

[VictoryCough]

Wal-Mart is good in that it fights inflation. I go there often, sometimes I go to a small local grocer for beer or small items. I simply couldn't afford a months worth of groceries at a boutique store.

However the trade deficit is worrisome, I can't blame that on Wal-Mart. That is the fault of central banking and being able to devalue currencies to increase exports.

[USfutbol]

@VictoryCough Why does it matter if we don't physical produce iphones. We have the largest gdp in the world. I know we have enough resources to produce iphones on our own if we ad an incentive to do so. So why is it bad that we decide to save money by making our iphones overseas.

[VictoryCough]

@USfutbol We've traded all of production for cheap money from China.

I guess a trade deficit could be neutral if we had a growing economy and exports far exceeded imports.

There is too many service sector jobs and too few production jobs. The talking heads are saying production is greater than ever before, yet we don't produce anything we consume on a daily basis. We have the largest economy in the world and we don't have the production capacity to produce iPhones.

[USfutbol]

@VictoryCough What's the problem with the trade deficit?

[posimosh]

"Lowest prices HAVE TO lead to lower wadges...and job loss." That says it all really, and I have seen it first hand, like many others. They steamroll the local competition at a deficit, then raise prices once the competition is gone while they exploit and underpay their workers and the Walton family count their money and pay off congress...

[CCRider100]

@swu880 - I am sure u have a so called 'trade defecit' with ur grocer or barber since u are buying their goods & services while not "directly" serving them in exchange.hahhaah Please go take some economics"

You are describing a barter system between individuals and businesses, which has nothing to do with balance of trade between countries. Don't worry kid, once you move out of mommy's basement, it mght make more sense.

[CCRider100]

Cont

You can lower the debt by cutting expences with cutbacks in government spending, and/or increasing government revenues with more tax dollars. Obviously, most American workers are close to being taxed out, meaning the extra revenue should come from creating not just more jobs, but more better paying jobs, which helps not only the government but the economy and society. How you create large numbers of better paying jobs is the 15 Trillian dollar question.

[BorgKing001]

I'm a vender and one of my stops is Walmart, Their employees, the entry-level ones anyway, are lazy and know little about the store. They don't deserve more money.