Comment by jmyeet

This was I think effective early on but now there are many systems to detect this "fraud". I say "fraud" because I honestly have zero sympathy for these companies who are doing anything but paying people a living wage to do a job and that goes for Walmart in particular.

I've had opportunity to hear many stories from people who have had largely unintended encounters with law enforcement. Many of these are for "shoplifting". That can be something as simple as forgetting something on the bottom of the cart. Walmart are super aggressive about this and rather than saying "sir, did you forget that thing or not want it anymore?" they prosecute.

Walmart is one of those publicly subsidized companies in the country. They don't pay employees enough so the government gives them food stamps. Those food stamps are largely spent at Walmart so Walmart is profiting on both ends. And then they displace checkout workers with self-checkout and pay for fraud detection systems and when people either intentionally or unintentionally didn't scan something correctly (or at all), they offload the costs of loss prevention onto the state by prosecuting. Walmart doesn't pay for that prosecution. TAxpayers do.

Walmart is a trillion dollar company. The stock has almost 3x'ed in less than 4 years. How long did it take to 3x to that level? About 23 years.