" 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:
- Child labor still happening in the U.S., Alabama specifically (3 replies)
- TN Dept. of Health tells medical providers it will stop taking federal money for HIV prevention (1 reply)
- M&M's polarizing? (1 reply)
- U.S. has had at least 39 mass shootings in just 24 days so far this year (2 replies)
- Baby boomlet, includes Tennessee (1 reply)
- Crypto mining sites coming to Morristown (2 replies)
- RIP David Crosby (4 replies)
- As of March 1, 2023, Smoky Mountains National Park parking pass is required (4 replies)
- Deja vu? Groundhog day? (2 replies)
- Tennessee proposes increasing EV fees and more (4 replies)
- Eleven Fifty Gone (2 replies)
- CDC identifies possible safety issue with Pfizer’s updated Covid-19 vaccine (2 replies)
TN Progressive
- Friday Toons (RoaneViews)
- Dr. Richardson Says It Better Than Most (RoaneViews)
- Trump's Former Chief of Staff Knew He Was Stupid, But... (RoaneViews)
- Friday Toons (RoaneViews)
- Blount County Covid-19 update as of 12/17/2022 (BlountViews)
- Blount County coronavirus update as of 11/12/2022 (BlountViews)
- Fall 2022 (Whitescreek Journal)
- Early Voting for November 8, 2022, Midterm Election (BlountViews)
- Blount County coronavirus update as of 10/08/2022 (BlountViews)
- Mmmm, A Fresh Hot Cup of Joe (Joe Powell)
- You asked for it and you are going to GET IT, Part 3 - State and Federal Democratic Primaries (Left Wing Cracker)
- You asked for it and you are going to GET IT, part 2 - Judgeships! (Left Wing Cracker)
TN Politics
- Stockard on the Stump: Criminal Court judge balks at state’s supervision plan (TN Lookout)
- Democrats in Congress condemn Biden administration expansion of Title 42 (TN Lookout)
- National Dems give New Hampshire, Georgia more time to change 2024 primary dates (TN Lookout)
- Fair criticism does not equal incivility (TN Lookout)
- GOP senators sent message to interim correction commissioner on Community Corrections (TN Lookout)
- Juvenile justice recommendations from legislature lean heavily on institutions (TN Lookout)
- Environmental activist Pearson wins race to succeed the late Rep. Barbara Cooper (TN Journal)
- Read Gov. Bill Lee’s remarks on the occasion of his second inaugural (TN Journal)
- New TNJ edition alert: Party executive panels could face cuts, Lee readies roads push (TN Journal)
- Here are the Senate committee assignments for the upcoming session (TN Journal)
- Find your local House member’s committee assignments (TN Journal)
- New TNJ edition alert: GOP flexes on Nashville, new House rules to limit speechifying on floor (TN Journal)
Knox TN Today
- Teacher role models: Job, Gen. MacArthur and dad (Knox TN Today)
- Tyre Nichols tapes: How much to show? (Knox TN Today)
- Fall in love with Fall Creek Falls (Knox TN Today)
- ‘Bird love and pair bonding’ (Knox TN Today)
- DAR sets date to honor those buried at Mars Hill (Knox TN Today)
- Another Vol foe goes low (Knox TN Today)
- Covid in the rearview mirror (Knox TN Today)
- Eight transfers over $1 million (Knox TN Today)
- Frosty Bison (Knox TN Today)
- Nicole Lenaghan joins The Trust Company (Knox TN Today)
- Déjà vu Thursday: UConn returns to TBA (Knox TN Today)
- Covenant Health donates land for simulation center (Knox TN Today)
Local TV News
- A chilly, sunny day with wind chills in the 30s (WBIR)
- UT Advisory Board to hold meeting in Knoxville, review Master Plan presentation (WATE)
- 6 free things to do in East Tennessee Jan. 27-29 (WATE)
- New bill aims to regulate Delta-8 products in Tennessee (WATE)
- Expert says rising interest rates leading to higher mortgage payments (WBIR)
- Knox County student's urban vegetation growth recognized in national competition (WATE)
- 1 person dead after 'serious crash' in Knoxville on I-75 (WATE)
- 48 counterfeit checks given to 2 Sevierville locations (WATE)
- 10About Town: A fishing show, ChocolateFest and a Chinese New Year Festival (WBIR)
- Recouping their losses: Gatlinburg wildfire victims plead their case before appeals court (WBIR)
- Southern Skies Music Festival releases 2023 lineup (WBIR)
- East TN teen spreads Parkinson's disease awareness through storytelling (WBIR)
News Sentinel
- Knoxville restaurants and bakeries are scrambling to adjust to sky-high egg prices (KNS Business)
- Roth IRA conversions can make sense in down financial markets | Jimmy Rodefer (KNS Business)
- Ex-Maryville Apostolic teacher volunteered at church after sex assault allegation (KNS News)
- Knoxville founders share their personal 'big pivot' moments | McAdoo (KNS Business)
- Mother of teen in Knoxville cheer gym sex abuse lawsuit: 'Everyone knew' (KNS News)
- I'm glad I gave bingo a second chance | Opinion (KNS Opinion)
- The week in politics: Sexton pressed on speaking tour, trans bill set for committee (KNS News)
- Five fired Memphis police officers indicted, booked in connection to Tyre Nichols death (KNS News)
- Where to find Valentine's Day specials at 14 Knoxville restaurants and bars (KNS Business)
- Real life is found in between 'perfect' posts on social media | Opinion (KNS Opinion)
- Nick and J's Cafe owner on high egg prices : 'There's a loss, I have to eat it'.' (KNS News)
- Nick and J's Cafe carries on as egg prices soar (KNS News)
- Y-12 celebrates new fire station and Emergency Operations Center (KNS News)
- National School Choice Week is about funding students, not systems | Opinion (KNS Opinion)
State News
- Nashville police: Man dead in Lafayette Street shooting (Tennessean)
- Lebanon planning commission given choice: Approve 270 apartment units or likely lawsuit (Tennessean)
- Steven A. James Obituary - Chattanooga Times Free Press (Times Free Press)
- JoAnn Hughes Obituary - Chattanooga Times Free Press (Times Free Press)
- New Memphis eats: Órale Tacos & Bakery serves up authentic Mexican fare. Here's a taste. (Commercial Appeal)
- 'Wow factor': $40M Scheidt Family Performing Arts Center expands U of M music school (Commercial Appeal)
- New Chattanooga Public Library exhibit depicts American reactions ... - Chattanooga Times Free Press (Times Free Press)
- Ethen Vanderpool sentenced for 2018 shooting death of Mt. Juliet High student (Tennessean)
- Stranded no more: New app can help Nashvillians who get lost outdoors (Tennessean)
- Five fired Memphis police officers indicted, booked in connection to Tyre Nichols death (Commercial Appeal)
- Opinion: Once ‘dirtiest city in the country,’ Chattanooga on Lawn ... - Chattanooga Times Free Press (Times Free Press)
- Tyre Nichols' death spurs internal investigation, review of specialized units, says Memphis police chief (Commercial Appeal)
Local .GOV
- Youth Sports Registration is Open! (Knox County)
- Valentine's Day Picnic Dates (Knox County)
- Santa's Workshop (Knox County)
- KCHD's next Spanish Diabetes Management Series starts Feb. 9 (Knox County)
- Renew your TennCare Today (Knox County)
- Environmental Health hosts FREE BBPT Classes (Knox County)
Wire Reports
- The Fed's New Key Inflation Rate Rose In Q4, But S&P 500 Rallies - Investor's Business Daily (Business)
- Post Politics Now: Ronna McDaniel seeks to hang on as RNC chair - The Washington Post (US News)
- 5 Memphis Police Officers Charged With Murder in Death of Tyre Nichols - The New York Times (US News)
- George Santos accused of making vile joke about Hitler, Jews and Black people – live - The Independent (US News)
- Feds announce massive takedown of fraudulent nursing diploma scheme; 2 Burlington County, NJ residents charged - WPVI-TV (US News)
- Intel stock tumbles over 10% after brutal results - CNBC (Business)
- Gautam Adani's business loses $50 billion in market value after short seller report - CNN (Business)
- Tesla stock: Here's Goldman's 'most important takeaway' from Musk's earnings call - Yahoo Finance (Business)
- Revealed: Trump secretly donated $1m to discredited Arizona election ‘audit’ - The Guardian US (US News)
- NBC Bay Area News: Suspect in Northern California farm shootings reportedly confesses, claims he was not in his right mind - CNN (US News)
- There's no whiskey in small bottles of Fireball. Now the company is being sued - NPR (Business)
- Texas death row inmates sue state over ‘brutal’ solitary confinement conditions - The Guardian US (US News)
- McDonald's, In-N-Out, and Chipotle are spending millions on minimum wage referendum - KSL.com (Business)
- FDA to ease blood donation ban on gay men, allow monogamous to give - The Washington Post (US News)
- Hasbro, owner of Wizards of the Coast, to lay off 15% of workforce - The Seattle Times (Business)
Lost Medicaid Funding
Search and Archives
TN Progressive
- BlountViews
- Cup of Joe Powell
- Left Wing Cracker
- RoaneViews
- Southern Beale
- Tiny Cat Pants
- Vibinc
- View From My Kitchen Table
- WhitesCreek Journal
Nearby:
- AC Entertainment
- Backyard Farmer 101
- Blount Dems
- Cameron Brooks
- David Hunter
- David Moon
- Domestic Psychology
- Ellen Smith
- Gerald Witt
- Frank Murphy
- Herston TN Family Law
- Inside of Knoxville
- Instapundit
- Jack Lail
- Jim Stovall
- Knox Dems
- Knoxify
- Les Jones
- Lynn Point Records
- Michael Silence
- Mike Donila
- MoxCarm Blue Streak
- Outdoor Knoxville
- P.E.N. Studio
- Pittman Properties
- Property Scope
- Reality Me
- Rikki Hall
- Stop Alcoa Parkway
- Suzy Trotta
- Tom Humphrey
Beyond:
- Andy Axel
- Enclave
- Pith in the Wind
- Post Politics
- Quiet Life
- Smart City Memphis
- TN Dems
- TN Ticket
- TN Trivia
- Bob Stepno
- Facing South
- Lovable Liberal
At large:
- Agonist
- Atrios
- Burnt Orange Report
- Buzzflash
- College Dems
- Crooks and Liars
- Daily Kos
- Democratic Strategist
- Democrats.org
- Digby's Hullabaloo
- Ezra Klein
- The Fix
- Huffington Post
- Media Matters
- Open Secrets
- Political Wire
- Politico
- Seeing the Forest
- Skippy the Bush Kangaroo
- Suburban Guerrilla
- Talk Left
- Talking Points Memo
- Think Progress
- Truthdig
- Truthout
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.