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Walmart says it will kill plans to build 3 new stores if DC wage bill passes

wbcoleman said:
Among professional economists, predatory pricing is pretty much considered a myth. If you think I'm making this up, Wikipedia has a brief explanation: Predatory pricing - Wikipedia, the free encyclopedia. Most support for the idea is political, not economic.
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FYI, the HP PC I have now, parts made in China, assembled in Mexico, was priced three years ago in Best Buy at $1750. It was maybe worth $750 in hindsight. Like I said earlier-----------Breathtaking levels of price gouging...........................
 
Gimmesometruth said:
Wow....this is coming from a guy who when given articles detailing various aspects of how Walmart has negatively impact US industry.....whines over and over again that the article did not substantiate the contention.......who now has the temerity, the gall, to make comment like this.

Hypocrisy knows no bound with you, Jack.
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By definition, no retailer can be responsible for a trade deficit. And I note you are still dodging.:2wave:
 
Jack Hays said:
By definition, no retailer can be responsible for a trade deficit. And I note you are still dodging.:2wave:
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By what definition, Jack? A trade deficit is defined as imports exceeding exports. When an international corporation like walmart is capitalizing on cheap imports and practices domestic policy that closes down US producers, then yes Jack, they are responsible for their share of the trade imbalance.

PS...the article substantiated the evidence contained within it.

You on the other hand continually fail to substantiate ANYTHING you post.
 
Jack Hays said:
No. The products were available, legal and in demand. That would have arrived one way or another.
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Not to mention they're selling complete garbage at superinflated prices........................
 
Jack Hays said:
No. The products were available, legal and in demand. That would have arrived one way or another.
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Annual migration?

FlyingToasters3.jpg
 
Jack Hays said:
No. The products were available, legal and in demand. That would have arrived one way or another.
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Oh sure legal if you don't mind the fact China violates labor standards and human right laws but don't let that stand in the way of cheap stuff.
 
Henrin said:
Isn't your argument basically saying that people can't be trusted to make sure they agree to terms that benefit them?
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Isn't the basic premise of progressive politics the proposition that people require the intervention of experts to take care of them?
 
wbcoleman said:
Minimum wage laws are simply vehicles for politicians to reward certain constituencies at the expense of others. The principal beneficiaries are union labor, whose higher wages are protected from competition.
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LOL...Union wages, which are higher than minimum wages, are "protected" by minimum wages? How so? If a minimum wage is raised, that puts upward pressure on all wages.
 
Bonzai said:
FYI, the HP PC I have now, parts made in China, assembled in Mexico, was priced three years ago in Best Buy at $1750. It was maybe worth $750 in hindsight. Like I said earlier-----------Breathtaking levels of price gouging...........................
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What are you talking about, "It was maybe worth $750 in hindsight"? Are you complaining about Moore's Law?
 
wbcoleman said:
Since you've read the book, it should be easy to point out one or two Japanese companies which have made a successful business model of predatory pricing.
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Toyota, albeit with Japanese government subsidies and capitalization at near zero percent, comes immediately to mind. Thus it's not predatory, per se, since it was help in entering a market, and not intended to put competitors out of business in pursuit of a monopoly.

So, none in fact. :)
 
Gimmesometruth said:
By what definition, Jack? A trade deficit is defined as imports exceeding exports. When an international corporation like walmart is capitalizing on cheap imports and practices domestic policy that closes down US producers, then yes Jack, they are responsible for their share of the trade imbalance.

PS...the article substantiated the evidence contained within it.

You on the other hand continually fail to substantiate ANYTHING you post.
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Why are you complaining about a trade deficit? What's the specific problem that's bothering you?
 
wbcoleman said:
What are you talking about, "It was maybe worth $750 in hindsight"? Are you complaining about Moore's Law?
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I'm complaining about paying vastly inflated prices........................
 
Gimmesometruth said:
LOL...Union wages, which are higher than minimum wages, are "protected" by minimum wages? How so? If a minimum wage is raised, that puts upward pressure on all wages.
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Precisely. You get it, why are you asking me to explain? The only point you're leaving out is that, as wages are pushed above market equilibrium levels, labor is priced out of the market. But for a while, at least, organized labor is protected.
 
Bonzai said:
I'm complaining about paying vastly inflated prices........................
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What's the basis for your claim? PC's are and have been a highly competitive market for decades. They are commodity products with minuscule margins. IBM got the hell out.
 
wbcoleman said:
What's the basis for your claim? PC's are and have been a highly competitive market for decades. They are commodity products with minuscule margins. IBM got the hell out.
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Maybe this is clearer: HP is a garbage company peddling garbage products...................................
 
Bonzai said:
Maybe this is clearer: HP is a garbage company peddling garbage products...................................
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We might be able to reach a point of agreement here...
 
Bonzai said:
FYI, the HP PC I have now, parts made in China, assembled in Mexico, was priced three years ago in Best Buy at $1750. It was maybe worth $750 in hindsight. Like I said earlier-----------Breathtaking levels of price gouging...........................
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Yet, since you needed that item deperately, for your basic survival, you were forced to pay the inflated asking price. Such a rough life you lead. Believe it or not, a used Dell laptop computer serves me well.
 
ttwtt78640 said:
Yet, since you needed that item deperately, for your basic survival, you were forced to pay the inflated asking price. Such a rough life you lead. Believe it or not, a used Dell laptop computer serves me well.
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Thanks for the human sympathy, pit viper........................
 
ttwtt78640 said:
Yet, since you needed that item deperately, for your basic survival, you were forced to pay the inflated asking price. Such a rough life you lead. Believe it or not, a used Dell laptop computer serves me well.
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I would say its more, ignorance on the part of the consumer, rather than actual need or demand.
 
In other words, an agent of the almighty invisible hand propping up what otherwise should be a net loser in the PC market.
 
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