Comment

Don't Blame the 1% for America's Pay Gap

29
Bob Levin4/25/2012 8:25:14 am PDT

re: #27 Obdicut

Walmart made its money by selling products at a lower price than other stores. They essentially took the customers of Kmart, JCPenny, Sears. And when the economy turned bad, Macy’s. This is when they moved into the cities, the later part of their strategy. When they made this move, they would go to a manufacturer and tell them the price they would pay for the product—which was a lower price than what the manufacturer sold to other stores.

There are certain items that people have to buy, and Walmart made those more affordable. Other stores, other one percenters, were angry with Walmart.

Walmart’s initial strategy was to place a store where there were no other stores. That is, Sears, Target, Macy’s, all forgot about these sections of the country.

I really don’t get how you can deny this. It’s freaking obvious.

We’re getting very close to having to end this discussion. My point is that these propositions are not Self-Evident, and you’ve got to think them through.

I haven’t said anything that wasn’t true.