Host Frank Stasio talks with Charles Fishman, former editor at The News & Observer, about his new book, The Wal-Mart Effect: How the World's Most Powerful Company Really Works and How It's Transforming the= American Economy (Penguin/2006). Listener Call-In. (59:00)
Very interesting. He's not a fan of Wal Mart but argues that big businesses are here to stay so we should look out how we change the landscape as they WILL be a part of it.
One very interesting point he made. Wal-Mart isn't greedy. Their profits are about $6,000 per employee when averaged. So making them add heath benefits or other costs means that prices will go up. Tell that to the voters in an area. :)
I'm not a big fan or enemy of Wal Mart. They are.
Things change. My uncle died about a year ago. He was the last link to the family farm. When I was very young about 1960 it still had an operating saw mill, slaughter house, grew crops, etc... The slaughter house was the last operating piece and it was sold off about 10 years ago. I stopped by last year and the owner was candid that he couldn't stay open except for the work he did for deer hunters.
We no longer go to school in white T shirts, jeans, and black Keds.
We expect the drug store and doctor to be open on Thursday.
We expect stores to be open Wednesday afternoon in particular and after 5 in general. Mom isn't home all day to run to the stores during the day.
We like having more than two choices for canned green beans. Large and small. :)
We no longer need to have towns every 10 to 20 miles so we can get there and back in one day on a horse.
Now that makes sense. Come up with a REASON for folks to visit a small store and pay a bit more. But most folks still look at purchase price and then complain later about the results of their decision.
One of the most ironic comments I've ever seen was a fellow talking about how WalMart was evil, didn't pay people enough, provide benefits, etc ... This was on a forum dedicated to finding the absolutely cheapest prices on technology. ;)