9.30.2004

I was right all along.....

"When Paul Samuelson, the dean of American economists, begins questioning the benefits of free trade, it is a bit like the pope having doubts about the virgin birth. "
"If enough higher-paying jobs are lost by American workers to outsourcing, he calculates, then the gain from the cheaper prices may not compensate for the loss in U.S. purchasing power. In other words, the low wages at Wal-Mart do not necessarily make up for their bargain prices. "
http://www.prospect.org/web/page.ww?section=root&name=ViewWeb&articleId=8686

Anyone that has seen me speak has heard me tell the Wal-Mart story - it goes like this:

Back in the day. Henry Ford believed that if he paid his employees enough, they would all go out and buy cars.... Wal-Mart believes the same thing, they pay their employees so little, the can't shop anywhere else.

WAL-MART IS THE SINGLE GREATEST ANCHOR ON THE AMERICAN ECONOMY. I don't think that I can state it any more clearly than that. Until they pay their employees a fair wage, and attempt to sell American products when possible, they will continue to gut America's purchasing power by forcing manufacturing jobs oversees and decimating pay in the retail sector.

DO NOT SHOP THERE UNTIL THEY REFORM.

Here's a last Wal-Mart Joke -

Q: Did you know that you can't but Sam Walton's book there anymore?
A: They don't allow anything in there with 'Made in America' on it.

No comments: