Comment by plagiarist
3 days ago
Wal-Mart and Amazon have reduced wages for employees and the quality of purchased goods more than they have improved prices for consumers.
3 days ago
Wal-Mart and Amazon have reduced wages for employees and the quality of purchased goods more than they have improved prices for consumers.
How do we know that?
And why do customers come back to shop there?
We know that from observing evidence such as how much the government pays out in welfare to Wal-Mart employees.
Customers continue shopping there because human beings are typically incapable of accepting a short-term loss (higher price) for a long-term gain (product lasts more than three uses).
> We know that from observing evidence such as how much the government pays out in welfare to Wal-Mart employees.
That's a weird metric. If tomorrow Wal-Mart laid off all employees and replaced them with robots, they would surely be worse off, but by your metric Wal-Mart would look less evil?
> Customers continue shopping there because human beings are typically incapable of accepting a short-term loss (higher price) for a long-term gain (product lasts more than three uses).
Groceries typically only last one use.
2 replies →