Quote:
Originally Posted by detbuch
Actually, the consumer is not responsible for net jobs lost by buying from Walmart. The money the consumer saves by buying at Walmart will be spent elsewhere in the economy, creating or saving other jobs.
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No, actually that is completely wrong. The economy is run by many factors , not just one purchase.
First example, consumer spending is often driven by confidence. Confidence is closely related to the unemployment rate. Walmart is the worse offenders off forcing companies to go offshore to produce products at the price that walmart demands. When there are massive job losses it causes a problem in two ways. Those that are laid off don't have money to spend and those that do have jobs don;t have the same confidence, therefore not spending as much money as before.
Second reason: Walmart does not pay a viable wage. When supermarkets have unions (and I am not arguing for or against them) they can not compete price wise and may be forced out. Those employees went from making a livable wage to being forced into a low wage by the only place in town.
Do you work for walmart?