Quote:
Originally Posted by ChinoCoug
However, a really smart guy, Obama's director of economic policy has produced research demonstrating that Walmart actually helps the poor by providing low-cost goods.
http://www.americanprogress.org/kf/w...rogressive.pdf
I haven't read the paper but it doesn't sort out both effects (low wages/low prices). |
Right, this is exactly what I was wondering. I've noticed in the past that Wal-Mart is almost like a old-time company store. They set the standard for low wages in the area, then people go pick up their walmart paychecks, have no choice but to line up at wal-mart to buy all their stuff for the week, load it up on their Wal-mart credit card with their 5% employee discount, and support the very institution that's in part keeping them impoverished with substandard wages.