Lifestyle > Train of Thought
walmarts bad for economy? (i dont know if this is the right section sorry)
J @ M @ L:
--- Quote from: Lincoln on January 01, 2007, 08:43:00 PM ---It's the opposite, Wal-Mart is great for the economy. It provides jobs at half-decent wages to people who otherwise would not find work (such as the elderly, students, perpetually unskilled and therefore unemployed.)
--- End quote ---
You can't say Walmart is great for the economy simply because it creates jobs. You can't just focus on one positive aspect, and ignore other negative effects that something may have.
With that being said, there is no definite answer to whether Walmart is "good" or "bad" because first you have to ask/define in what context you want to use those terms, what in your opinion would make something good or bad.. people always have different normative views. For example, Lincoln might believe it's good for the economy because it creates jobs, but someone else might look at the same exact situation and consider it something horrible. Like someone above said, Walmart engages in predatory pricing (they lower their prices to the extent that competition is driven out, barriers to entry are created, and can almost be considered a monopoly in certain areas - these things usually lower efficiency - im not sure if you're familiar with that, but that's basically a measurement of the overall benefit to consumers and producers). And since the creation of jobs was brought up, Walmart isn't really known for adhering to labor laws, is anti-unions (again this depends on your view of whether unions are good or bad), and Walmart uses more foreign labor than any other company (but then again Walmart is the world's largest retailer, so it's all relative.. and even this can be considered as good or bad).
Basically when your teacher says it's bad for the economy, I'm assuming he has looked at certain figures and came to the conclusion that Walmart lowers economic efficiency.
Ant:
Ahhh my head hurts.
--- Quote ---Basically when your teacher says it's bad for the economy, I'm assuming he has looked at certain figures and came to the conclusion that Walmart lowers economic efficiency.
--- End quote ---
This is such a retarded comment you should be ashamed. Same goes for "even my teacher says." So you're suggesting that anything a "teacher" says must be the "truth." So what happens when teachers disagree? Now you're fucked.
Guess what?! Just because a "teacher" says something doesn't mean it's true. Plenty of teachers are just as dumb as you.
Back to the question... Is Walmart good for the economy?
To the extent that improved efficiency is good for the economy, Walmart is also good for the economy. The question you're all addressing is a different one. You're discussing if Walmart is good for society. This is debatable, but you cannot debate that Walmart is good for the economy.
Of course a few people are ballsy (stupid) enough to suggest Walmart reduces economic efficiency. But these people are not to be taken seriously. Walmart clearly improved the efficiency of our international and national economic system. The problem is there is often a trade-off between efficiency and equality. When we make the economy more efficient we create losers. People are hurt. Small businesses get killed. Workers get laid off. Middle income jobs get replaced with lower income jobs. Or something else happens. These things are all good for the economy. But its not so clear that they are good for society. Try not to confuse the two.
J @ M @ L:
--- Quote from: Ant on January 01, 2007, 09:52:49 PM ---
--- Quote ---Basically when your teacher says it's bad for the economy, I'm assuming he has looked at certain figures and came to the conclusion that Walmart lowers economic efficiency.
--- End quote ---
This is such a retarded comment you should be ashamed.
--- End quote ---
--- Quote from: Ant on January 01, 2007, 09:52:49 PM ---Of course a few people are ballsy (stupid) enough to suggest Walmart reduces economic efficiency.
--- End quote ---
First it's retarded, and then you edit your post. LOL.
That's why I said his teacher must've looked at some shit to come to that conclusion... I personally never stated that it does decrease efficiency, nor do I know, since I haven't looked into it myself... but I assumed his teacher must've thought that...
Remember: "There are lies, more lies, and statistics"
Ant:
What does me editing my posts have to do with anything? That's another ridiculous comment you should be ashamed for making.
And you're statement implied he should listen to his teacher since they probably "looked at some shit." If that isn't what you meant you certainly didn't do a good job of making it clear.
Finally, if you haven't looked into this topic why are you commenting on it?
J @ M @ L:
--- Quote from: Ant on January 01, 2007, 10:50:26 PM ---What does me editing my posts have to do with anything? That's another ridiculous comment you should be ashamed for making.
And you're statement implied he should listen to his teacher since they probably "looked at some shit." If that isn't what you meant you certainly didn't do a good job of making it clear.
Finally, if you haven't looked into this topic why are you commenting on it?
--- End quote ---
I said that his teacher probably looked at some statistics and came to the conclusion that Walmart is bad for the economy (aka reduces economic efficiency)
You reply saying I should be ashamed for making such a "retarded" comment. Then right after you say yourself that there are people who in your opinion are stupid enough to suggest that Walmart reduces economic efficiency. What I did is basically state that his teacher might be one such person who believes that. If you were able to comprehend simple English, you'd see that's all I was saying.. nowhere did I state that he should listen to his teacher, or that his teacher was right. I wrote one sentence saying what his teacher probably meant, and you pull 3 different assumptions out of your ass. It's clear as glass, you're just an idiot who doesn't even know the difference between "you're" and "your". Finally, he asked what his teacher meant when he said Walmart is bad for the economy, and I simply answered and told him what his teacher could've been referring to when making that statement. I didn't say whether his teacher is right or wrong. Step up your reading comprehension, dipshit.
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