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Thread: Corporations Aren't People

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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    No, their profit margins just aren't the same as places that undercut their worker's wages.
    Walmart's profit margin is not that large. They have the money they do because a) they get subsidies they don't need from Washington, and b) they have geographical saturation. One Walmart store makes profit, but 25,000 of them makes super-profit. The source of their profit comes from suppliers cutting them deals for buying in absurd levels of bulk, and paying workers a relatively low (but still legal and marketable) wage. Walmart employees make a little more than minimum wage - not much, but a little.

    You can't tell me that Walmart has a significantly different profit margin than the local chain that pays their employees more than they're worth. They probably operate with the same amount (give or take 2%) and just pass along their inefficient wages and supplier relationships with considerably more expensive groceries.

    That's why I said that if you slapped a Walmart smack dab in the midst of those grocery chains, they'd be hurting badly. Of course, I support any community that doesn't want Walmart in its midst. It's a destructive force overall. I just don't want them coming to my side of the street, dictating what happens here.

  2. #282
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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    Just so you know, I don't give them my business. That does not mean many people are aware of the many issues places like this cause on our economic system.
    You must have missed the part about us living in a free market. In a free market, the people who work there and shop there are at fault. Again, i am 20 and have never worked for minimum wage in my life. Why? Because i didnt feel that was enough for me to live on. So i went down the road and found something else. If everyone who was unsatisfied with the wages did that, mcdonalds would offer higher wages.

  3. #283
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    Re: Corporations Aren't People

    Quote Originally Posted by Gipper View Post
    Walmart's profit margin is not that large. They have the money they do because a) they get subsidies they don't need from Washington, and b) they have geographical saturation. One Walmart store makes profit, but 25,000 of them makes super-profit. The source of their profit comes from suppliers cutting them deals for buying in absurd levels of bulk, and paying workers a relatively low (but still legal and marketable) wage. Walmart employees make a little more than minimum wage - not much, but a little.

    You can't tell me that Walmart has a significantly different profit margin than the local chain that pays their employees more than they're worth. They probably operate with the same amount (give or take 2%) and just pass along their inefficient wages and supplier relationships with considerably more expensive groceries.

    That's why I said that if you slapped a Walmart smack dab in the midst of those grocery chains, they'd be hurting badly. Of course, I support any community that doesn't want Walmart in its midst. It's a destructive force overall. I just don't want them coming to my side of the street, dictating what happens here.
    Give or take 2% is a lot. With that said, I give you kudos on many of your other points, which gives an imbalance of power for Walmart to wipe out the competition. We are fortunate to have well informed and active members in our community to keep them out.

  4. #284
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    Re: Corporations Aren't People

    Quote Originally Posted by Phil_Osophy View Post
    You must have missed the part about us living in a free market. In a free market, the people who work there and shop there are at fault. Again, i am 20 and have never worked for minimum wage in my life. Why? Because i didnt feel that was enough for me to live on. So i went down the road and found something else. If everyone who was unsatisfied with the wages did that, mcdonalds would offer higher wages.
    Subsidies do not in any way support a free market system. If we had a free market, I would agree with you. Perhaps, your area still has active competition which is a good thing but more and more areas are losing it.

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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    Subsidies do not in any way support a free market system. If we had a free market, I would agree with you. Perhaps, your area still has active competition which is a good thing but more and more areas are losing it.
    I agree. And i am completely opposed to all business subsidies of all kinds.

  6. #286
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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    Subsidies do not in any way support a free market system. If we had a free market, I would agree with you. Perhaps, your area still has active competition which is a good thing but more and more areas are losing it.
    These places would still go out of business even with subsidies if everyone just stopped shopping there and working there. Really, theres a whole chain of problems on this subject.

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    Re: Corporations Aren't People

    Quote Originally Posted by Phil_Osophy View Post
    These places would still go out of business even with subsidies if everyone just stopped shopping there and working there. Really, theres a whole chain of problems on this subject.
    True, but you have to have a well informed public for that to work.

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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    Give or take 2% is a lot. With that said, I give you kudos on many of your other points, which gives an imbalance of power for Walmart to wipe out the competition. We are fortunate to have well informed and active members in our community to keep them out.
    I don't know if I'd call it a "lot", but it's noticeable.

    Do I like Walmart? No. Do I shop there? Yes. I'm sure customer service is better at those markets around you because - well, let's call a spade a spade. Walmart hires morons. Now, by paying more than the market dictates, those expensive grocery stores can attract a higher caliber of people. Walmart is fine with a "warm body" philosophy of filling schedules and payroll. For people who care more about customer service, community, etc. those grocery stores around you make sense. I'm interested in the bottom line and the lowest price. Because of that, I shop Walmart.

    There is room for both. Lots of people will pay a premium for aspects Walmart cannot provide. I'm just not one of them.

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    Re: Corporations Aren't People

    Quote Originally Posted by rabbitcaebannog View Post
    True, but you have to have a well informed public for that to work.
    Agreed. You have to have a well informed and hardworking public for any system to work. Same with democracy.

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    Re: Corporations Aren't People

    Quote Originally Posted by Gipper View Post
    I don't know if I'd call it a "lot", but it's noticeable.

    Do I like Walmart? No. Do I shop there? Yes. I'm sure customer service is better at those markets around you because - well, let's call a spade a spade. Walmart hires morons. Now, by paying more than the market dictates, those expensive grocery stores can attract a higher caliber of people. Walmart is fine with a "warm body" philosophy of filling schedules and payroll. For people who care more about customer service, community, etc. those grocery stores around you make sense. I'm interested in the bottom line and the lowest price. Because of that, I shop Walmart.

    There is room for both. Lots of people will pay a premium for aspects Walmart cannot provide. I'm just not one of them.
    Well Gipper I agree with a lot of what you sat except I don't pay a premium. I shop for a family of 5 and have a very strict budget. I get lots of bang for my buck.

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