Walmart Announcement

Good thing I don't go to Walmart too often. It's too bad such a powerhouse cannot do a little better for their home country, kwim? I'm not very 'economically educated', so I don't know their reasoning for making this kind of decision.

 

Profit, plain and simple. Buy something from China for $1 and bring it over here and sell it for $10.

 

Sell it to whom?

American consumers.

Don't blame Wal-Mart.

http://www.slate.com/id/2089532

 

Supply & demand

 

I understand that reasoning...BUT...you'd think they'd want to do more for the US....somehow.

 

New England Consulting estimates that Wal-Mart saved its U.S. customers $20 billion last year alone. Factor in the price cuts other retailers must make to compete, and the total annual savings approach $100 billion. It's no wonder that economists refer to a broad "Wal-Mart effect" that has suppressed inflation and rippled productivity gains through the economy year after year.

 

I'm not blaming anyone for anything...just stating an opinion.

 

blame NAFTA,free trade is destroying this country

 

Didn't mean to imply that. That's the name of the article.