" The median household income of Wal-Mart shoppers is under $40,000. Wal-Mart, the most prodigious job-creator in the history of the private sector in this galaxy, has almost as many employees (1.3 million) as the U.S. military has uniformed personnel. A McKinsey company study concluded that Wal-Mart accounted for 13 percent of the nation's productivity gains in the second half of the 1990s, which probably made Wal-Mart about as important as the Federal Reserve in holding down inflation. By lowering consumer prices, Wal-Mart costs about 50 retail jobs among competitors for every 100 jobs Wal-Mart creates. Wal-Mart and its effects save shoppers more than $200 billion a year, dwarfing such government programs as food stamps ($28.6 billion) and the earned-income tax credit ($34.6 billion). People who buy their groceries from Wal-Mart -- it has one-fifth of the nation's grocery business -- save at least 17 percent." -- George Will
I like Wal-Mart; my significant other can't stand it due to all the fat ugly people in the south Knox store - it may be true but I still call her a snob
(sorry - I can't find the first source of this quote, but the analysis seems resaonable)
|
|
Discussing:
- Feds indict civil rights group (3 replies)
- Georgia issues burn ban, first time in state history (2 replies)
- State of TN proposes exempting voucher students from standardized testing (1 reply)
- UAE asks for financial assistance? (1 reply)
- Are our deployed military going hungry? (1 reply)
- Tennessee passes bill to restrict college students' protests (1 reply)
- Inflation up, gas up, food up, consumer sentiment lowest ever (1 reply)
- Some AI uses are "outside the bounds of safe/reliable technology" (2 replies)
- A Letter to the U.S. Congress (1 reply)
- President: we can't take care of daycare, Medicare, Medicaid (1 reply)
- U.S. House Democratic Leadership says to Stop the Madness (1 reply)
- Am I missing something? (1 reply)
TN Progressive
- Louisville, TN, town center coming soon? (BlountViews)
- Siemens expending in Blount County, But... (BlountViews)
- Maryville Arts Walk - 3rd Thursday - today thru Oct. 15 (BlountViews)
- Candidate for U.S. Rep., against Burchett campaigns Saturday, 4/18/2026, Blount County (BlountViews)
- WATCH THIS SPACE. (Left Wing Cracker)
- America As It Is Right Now (RoaneViews)
- A friend sent this: From Captain McElwee's Tall Tales of Roane County (RoaneViews)
- The Meidas Touch (RoaneViews)
- Massive Security Breach Analysis (RoaneViews)
- (Whitescreek Journal)
- My choices in the August election (Left Wing Cracker)
- July 4, 2024 - aka The Twilight Zone (Joe Powell)
TN Politics
- Appeals court blocks remote access to abortion medication nationwide (TN Lookout)
- Democrats renew calls for US Supreme Court overhaul after voting rights decision (TN Lookout)
- Gov. Bill Lee calls special session to redraw TN’s U.S. House map in hopes of favoring GOP 9-0 (TN Lookout)
- Three shutdowns later, Trump signs bill that finishes funding the government (TN Lookout)
- Visual: What a TN U.S. House map would look like without a Memphis Democratic-held seat (TN Lookout)
- Tennessee LGBTQ+ advocates urge governor to veto slate of bills (TN Lookout)
Knox TN Today
- Lady Vols load roster to 15 players (Knox TN Today)
- Dishing It Out: Kentucky Bourbon Pie (Knox TN Today)
- All Dogwood, all weekend (Knox TN Today)
- Zoo Knoxville is the family choice for fun (Knox TN Today)
- Meet Joey Chestnut… the hot dog eating phenom (Knox TN Today)
- Big love in a big package: Sampson’s happy ending (Knox TN Today)
- Close to Home, Far from Ordinary: Hidden gems we’ll miss staying on the highway (Knox TN Today)
- Hiking with Harrington on Little River, Cucumber Gap & Lumber Ridge Trails (Knox TN Today)
- 5/1 HEADLINES: News and events from the World, the USA, Tennessee, Knox & Historic Notes (Knox TN Today)
- Dining Duo goes mountain Mexican? (Knox TN Today)
- Trending: Storage with solar (Knox TN Today)
- Tales from the Lily Pad (Knox TN Today)
Local TV News
- Annual event at University of Tennessee gives free eye exams to service dogs (WATE)
- Maryville College introduces Mark Sansone as new head basketball coach (WATE)
- UT student sues company for using her TikTok to market 'nasty hookup app' (WATE)
- Gov. Bill Lee calls special legislative session to review congressional map (WATE)
- How Knox County Schools is spending money on technology (WATE)
- Oak Ridge History Museum to unveil statue of Manhattan Project photographer Ed Westcott (WATE)
News Sentinel
State News
- Tennessee Gov. Bill Lee calls special session for redistricting - Chattanooga Times Free Press (Times Free Press)
- Hamilton County officials express concern about land purchase near Enterprise South Nature Park - Chattanooga Times Free Press (Times Free Press)
- Hamilton County woman arrested for allegedly lighting her house on fire, killing husband - Chattanooga Times Free Press (Times Free Press)
- Hamilton County lawyer with 54-year career permanently disbarred - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- How do I get my money back from Spirit Airlines? What to know after shutdown. - The Washington Post (Business)
- Berkshire CEO Greg Abel Takes the Stage, Making a Case for the Post-Buffett Era - WSJ (Business)
- Multnomah Athletic Club ‘destroyed’ after former employee drives explosives-filled car into building, sources - OregonLive.com (US News)
- Ohio Republicans fear former ICE official could cost them a battleground House seat - Politico (US News)
- Supreme Court Asked to Restore Access to Abortion Pill by Mail - The New York Times (US News)
- Warren Buffett says it's important to know which deals not to take (BRK.B:NYSE) - Seeking Alpha (Business)
- More Than Three Million People Have Lost Federal Food Aid - WSJ (US News)
- Jensen Huang says some CEOs have a ‘God complex’ when it comes to AI apocalypse warnings, which can create shortages of critical workers - Yahoo Finance (Business)
- Gas prices are up across the country. Here's where you'll find the most expensive -- and cheapest -- gas - ABC News - Breaking News, Latest News and Videos (Business)
- How the Voting Rights Act reshaped Black representation in Congress - The Washington Post (US News)
- Elon Musk went to court. The judge wasn’t amused. - The Washington Post (Business)
- Warren Buffett asked Tim Cook to take a bow in a surprise speech at Berkshire meeting - Business Insider (Business)
- Berkshire Hathaway’s Cash Surges in Abel’s First Quarter as CEO - Bloomberg.com (Business)
- Trump says Iran hostilities 'have terminated' in letter to Congress - Euronews.com (US News)
- Trump’s Cuban American base is no longer guaranteeing him loyalty - Politico (US News)
Local Media
Lost Medicaid Funding
Search and Archives
TN Progressive
Nearby:
- Blount Dems
- Herston TN Family Law
- Inside of Knoxville
- Instapundit
- Jack Lail
- Jim Stovall
- Knox Dems
- MoxCarm Blue Streak
- Outdoor Knoxville
- Pittman Properties
- Reality Me
- Stop Alcoa Parkway
Beyond:
- Nashville Scene
- Nashville Post
- Smart City Memphis
- TN Dems
- TN Journal
- TN Lookout
- Bob Stepno
- Facing South

Yes, but
The average full-time Wal-Mart employee makes less than the federal poverty level, and fewer than half of its full-time employees can afford even the cheapest health insurance plan offered by the company.
Furthermore:
That's hardly a ringing endorsement of unfettered capitalism or a justification for the fawning adulation spewed on the company by the free-market types. But, I guess as long as we're all able to continue buying Chinese-sweatshop-made landfill crap at extra low prices, it doesn't really matter all that much, does it?
--Socialist With A Gold Card
"I'm a socialist with a gold card. I firmly believe we need a revolution; I'm just concerned that I won't be able to get good moisturizer afterwards." --Brett Butler
yes but, but
Yes but, but……………………
Accepting your figures and the ones I quoted - Wal-Mart cost the tax rolls $2.5 billion yet saves the people $200 billion. And most of that $200 billion is saved by those at the lower end of the economic ladder.
Should we get rid of the discount stores (i.e., by paying higher wages) and lose jobs for those on the lower economic ladder - meaning those working in discount stores and those who benefit from shopping in discount stores most?
Hummmm... have you happened to notice that those pushing for higher minimum wages are from those STATES that already have a STATE mandated minimum wage? Could it be that those states are losing jobs to those states that have prevailing wages closer to what the economy/market desires? Economics 101.
Socialism - a failed economic theory embraced by the short-sighted
Wal-Mart cost the tax rolls
There's so much wrong with that figure it's hardly even worth arguing.
One example: Balance of trade. How much would Wal-Mart help US businesses if Wal-Mart would only market "Made in the USA" like they used to? How much trade imbalance is Wal-Mart responsible for, since it imports much of its stock from China?
There's a lot of shadow costs which that "savings" doesn't account.
____________________________
On tops of mountains, as everywhere to hopeful souls, it is always morning. --H. Thoreau
I wouldnt exactly call Media
I wouldnt exactly call Media Matters.com the epitome of "fair and balanced".
Did you get paid to write
Did you get paid to write this, RedDog, the way Wal-Mart is buying off think tanks that publish similar praise. Moreover, why do you feel you need to defend such a successful corporation anyway? Can't they make it in the "free marketplace" on their own, without political apologists doing free marketing campaigns for them?
I havent seen anyone being
I havent seen anyone being forced at gunpoint to apply/work at Wal-Mart. If someone wants to earn more money/benefits look for another job.
Restaurant Review
Would this be a good time to let folks know of what I thought about Flemings Steakhouse? ;-)
Wal-mart
If you research Wal-mart you will stop trying to defend a company that is driving the US & Canadian economy into the toilet. It's goal seems to be to turn Canada and the US into third world coutries. By squeezing suppliers to cut wholesale costs, the company has hastened the flight of U.S. manufacturing jobs overseas. By scouring the globe for the cheapest goods, it has driven factory jobs from one poor nation to another.
Driving down wages, sending manufacturing to China, Bangladesh, and Honduras. Monthly wages: China= $63.75, Bangladesh= $18.53, and Honduras= $139.00, USA= $893.00. Do you want Salmon that is caught in China and shipped to the US, handled hundreds of times just to save $2.00. I am more than willing to pay more for things to keep our economy growing and healthy. Lets keep our products made in North America, before it is too late.