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Major Retailers Killed Themselves CEPersVid-26

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Published on Mar 27, 2009

Even the lowest-paying jobs in the U.S. are being lost, but not for reasons that you think, such as the decline in the economy. Many of these jobs are being lost because of the government's failure to enforce federal and state laws prohibiting price discrimination. The Robinson-Patman Act prohibits price discrimination, but it is not enforced by the government, and it is too costly for impoverished companies to enforce. As a result, the largest retailer - Wal-Mart gets larger and larger, but this does not happen for Wal-Marts largest competitors, who are being threatened with extinction. I explain why in this video, and show you how Wal-Mart is losing $78 billion per year at the same time!

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