Wal-Mart is good. Read on

Do you really think Wal-Mart only wants to drive the Mom and Pop operations out of business? I think Wal-Mart would love to bury Target, K-Mart, Sears, etc. With them gone, who would be around to keep Wal-Mart honest? A virtual monopoly within a market sector would corrupt a choir of archangels, let alone the management team at Wal-Mart! Voluntary self-regulation is a joke, I'm not even sure if the Federal Government would take a stand.

do you have a problem with companies using Illegal Immigrants?



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Wow mpstyles is still hittin' the crackpipe I see.
Darn right WalMart has cheap prices, and that's all that idiot materialistic Americans care about.

Arthur
wewerethecoolkids.blogspot.com/

Because I worked there and because I have several close friends and/or family members who work for (or have worked for) WM I feel I need to address a few things that you said - particularly because the ones who still do work there (out of sheer necessity) can't say this stuff themselves without risking their jobs.

"I hate how people say wal-mart is bad and such. But they provide merchandise at a cheap price. Now what would be the down side. Rite workers making on the average of 10 bucks an hour, having a good benefits package, and feeling that they belong to something."

To begin with, employees do NOT make an average of ten dollars an hour. Averages are exceptionally deceptive numbers, it's almost magical how you can manipulate an 'average' to make it show what you want it to, here, I'll show you.

1000 cashiers, making the starting cashier salary of 7.50$ hourly, who each work 35 hours a week for a full year, before taxes each make 13,650.00$. Add their annual pre-tax gross and you get 13,650,000.00$. Of course, if you did your division from here you would find that the "average" employee only makes 7.50, and that just doesn't suit their image so....

Add 57 store manager salaries to that, pre-tax, not including any kind of bonuses at a conservative estimate of 100,000.00$ annually, which would be 5,700,000.00$.

So, 5,700,000. + 13,650,000. = 19,350,000.$

Here's where the fun of averaging numbers really comes in. Take that 19,350,000.$ and divide it by 1057 so you get individual pre-tax annual earnings of 18,306.53$.

Take that amount and divide it by 52 weeks of the year for 352.04 weekly. Lastly, since the average, non-salaried employee (the majority of them) works an *average* of 35 hours a week, divide the weekly number by the hours worked:

352.04 / 35 = 10.05$

There you have it, the "average" employee now appears to make 10.05 an hour. Math can be so intriguing sometimes can't it?

But now let's put the wages issue aside for a moment, you also said that the employees get a good benefits package. That's completely untrue of hourly employees. Since they don't make the money people -think- they make the majority of employees can't afford to sign up for a health insurance they won't ever use... why won't they use it? Because the deductible is too high, they know they won't reach the out of pocket cost they have to hit before they get the "good" benefits, so it's a waste of money to even sign up for it. The majority of people who I personally know that have worked there did *not* have health insurance, or any other kind, through WM, some of them do/did have state insurance, or have insurance from a spouse or parent, but *not* through WM - and WM has it set up like that on purpose, because the fewer people who sign up, the less money it has to spend on those benefits.


". The i hear the argument that these mom and pop shops go out of business, well, if Wal-Mart buys a piece of property is it not allowed to start a sell its products at which ever price they choose."

Let's not even bother getting into -how- exactly WM manages to buy some of the property it buys, putting mom & pop stores out of business, because there are plenty of communities that did NOT want WM around that ended up with one anyway...


There you go, my dimes worth (inflation and all that *winks*).

~@~ Victor Hugo: Imagination is intelligence with an erection.

First off you say I know nothing about economics
I have a PHD in Economics from Brown

You say something about trade deficits
First off you have no clue what a trade deficit is
Trade Deficit is defined as when a trade occurs between countries that one side has more imports and the other country has more exports thus the country with more exports is in a trade defecit

Now lets take a look at you lame explanation of Chinese trade deficit

I will now explain why a trade deficit is not really a bad thing
It shows that people are willing to spend on products from abroad get services from abroad.

How is that bad that means people ahve money and would like to spend it
That shows that the ecnomoy is in a good condition
Lets take a look at what happens in this country
We pay in dollars right for forgeign products and not in yen or any other currency
So the frogein manufactures and sellers look to be paid in the currency in their country
So where will all this currency go that we buy in dollars to pay for stuff.
Back here of course unles these big businesses horde all this money in a huge vault for fun no obvisouly they would'nt they would much rather reinvest moeny back into the United States, thus creating a currency rate. Seing how much money is flowing back into the country thus creating a better ecnomy

You also talk about inflation occuring inflation occurs because we keep making money to cover inflation.
If we keep making money the value goes down simply economics supply and demand
So the way to combat inflation is to slowly bring down the supply of money, and to start making it more market friendly by backing it with gold, and putting less regulation on the market letting banking institutions that have been regualted make money with their own gold in their vaults, this way if a problem in the economy arises then the people can come and take gold out of the bank to keep safe rather than just having pieces of paper that have no backing. This gold standard makes it possible so that the open gold market can determine the price and supply of money rather than just inflating when we need it.

So lets take a look at your inflation argument

Wal-Mart buys American products from the US with Dollars
The people of China buy in yuan thus wal-mart is stuck with yuan wal-mart first will probably start buying with in china for products as china makes most of the products it sells, and also go to the open market to buy the dollars and give in exchange their yuans and thus making the yuans more and thus making them less priced.
Now you will probably retaliate in syaing that we buy more Chinese products in the Unites States today that is where the limited money supply comes in in that less money in actual dollars we give them the better so buy limited the supply thus raising the value of the dollar per dollar makes it so that 1 dollar makes it more valuable than the yuan

You will then say about the Chinese would do the same thing

But the Chinese control their money supply like I said in my explanation before if we privatized it with the gold standard with regulation it would make it so that the market for gold will determine the outcome

Now let me go into the gold standard a bit more

Our country wants gold as we are in a gold standard t(his is all theory for explanation) now we would acquire it through other governments that have it in their deposits, that money does not unnecessarily be shipped but rather can be a number on a computer, thus when we buy a lot of goods from abroad they ask for gold, and countries rarely can be self reliant and also want our goods in return we ask gold from them, but how can we import to china when they export so much simple

Get rid of all the laws that entitle the worker like unemployment social security income tax and other things

This will encourage producers to producer more thus making more to export.

Make it so the the licensing boards are gone so that it is not impossible for someone to make something

Making all this go into effect will make it so that the economy of the US will produce and export and get more gold.

But even if the US did not make enough to keep up does it matter, as our gold reserves go low in our banks the banks will issue less currency instead of inflating the price this will not only end inflation but take care of of deficit as our dollar is worth so much as we have less total quantity in money and making our value sky rocket.
As this happens the dollars that we give forgein investors will not only be high in value they will have to trade it back to the US for a lot of their currency as we have given them a lot of gold in exchange for their products.

Let continue to make this very simple.

Since the financial institution have the gold supply with government institution to protect the citizens from fraud. As these institutions control money their money is almost like a receipt for that much gold. So that when they go to buy something they can pay in gold and is worth in the same amount as the receipt is.

Now lets take this into more theory if the US right now elected that we do this would the Chinese no as they do not have a floating system. Now we have gold from the reserve bank to the financial institutions, we buy Chinese products with our gold backed money. They take the receipt and have to buy the gold from the institution they get the gold and have the gold in their computer systems what do they do then well, they will have to either witch to the gold system, or sell the gold back to us in investments and such

Continuing on if they do switch to the gold system does it matter who exports and imports more as we export we will make it so that it is worth that much gold and as they export it will be that much gold and the currency system is basically gone as gold is the same as currency and no more inflation just trading. Nothing else no trade deficits nothing. This will make it possible so that the American people can finally see that we cannot solve the problem by just going and putting tarries down but instead by going and changing and make it easier to produce and make and then export this will drive the economy into a plus as more people will have work, thus getting more gold as we export more.

Now you no that Wal-mart does not create inflation the GOVERNMENTS do by no backing anything with our money and keep making money for no purpose except to hide our bad value of the dollar.

You have called me a conservative I AM NOT A CONSERVATIVE DO NOT CALL ME THAT

I AM A LIBERTARIAN I believing that government's should make it easier so that people can make a business easier and make things easier and thus export things easier.

mpstyles i would not spend too much time debating the walmart haters. I have known many of them in real life and they usually fall into a few categories:

The angry poor person or pothead hippy who blames the world cause he only makes 7 dollars an hour. He looks for the biggest and easiest target to blame for his poverty. (i love hippies by the way)

The ex-union employee. He once made 30 dollars an hour making tv sets in tennessee and he got unlimited healthcare and coffee breaks every 2 hours.
He was replaced by someone cheaper and he blames walmart because he can not find another job.

The union bosses. They have traditionally been controlled by the mafia and have legally extorted businesses/consumers with the threats of work stopage.
Yes, many current union bosses in NY make 300,000 a year and do nothing. They are foaming at the mouth thinking how many of hundreds of millions of dollars they could be getting from walmart employees.

The mom and pop store owner. They once had a tiny store with limited hours, a tiny selection and high prices. Their customers found better prices and a better selection. Walmart did not close them down, their customers did.

The competitor. They work and/or own stock in a competing store. Walmart hurts their profits so attacks are expected.

The angry neighbor. Walmart opened a store next to them and they hate the traffic.


Most of the walmart haters i have known are broke miserable people who are looking to blame someone.

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