Charles Platt shows he doesn’t know shit about how Wal-Mart works. Maybe this will clarify it, Charles: Demanding lower prices = moving jobs abroad. What a great company that it! And, those workers who used to work in textile mills or in manufacturing jobs that paid enough to support a family, can now get jobs at . . . Wal-Mart. And maybe a second job at Wal-Mart, too, as the first one sure as hell isn’t going to pay the mortgage.
While Wal-Mart may have made some positive contributions to society, they have also helped push thousands of people in this country out of their jobs. How? To quote Fast Company:
The retailer has a clear policy for suppliers: On basic products that don’t change, the price Wal-Mart will pay, and will charge shoppers, must drop year after year. But what almost no one outside the world of Wal-Mart and its 21,000 suppliers knows is the high cost of those low prices. Wal-Mart has the power to squeeze profit-killing concessions from vendors. To survive in the face of its pricing demands, makers of everything from bras to bicycles to blue jeans have had to lay off employees and close U.S. plants in favor of outsourcing products from overseas.