Posted 1 year ago on Aug. 18, 2012, 11:48 a.m. EST by TheRazor
This content is user submitted and not an official statement
Walmart serve a unique niche, providing low cost goods for low income people. People shop at Walmart because its human nature to barter for the lowest price possible. A percentage of people will shop at Whole Foods, but a very much larger percentage will buy Walmart.
Its a real Catch 22. EVERYONE wants cheaper products. Cheaper products are made by cheaper labor. Cheap labor by definition means low wages. People that can organize pools of cheap labor will become very very rich. Thats what rich guys do, organize cheaper and cheaper labor to make cheaper and cheaper products. Low skill, low education Americans compete with higher skill, higher education Indians and Asians.