Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (72821)	12/26/2007 2:45:17 PM
From: Webster Groves	Read Replies (1) \| Respond to of 116555

Those are not new jobs. They are a smaller set of the previous ones needed to transport goods to all the stores Walmart put out of business. Walmart also does not contribute more to the local tax base than all the stores it displaced. For every Walmart shifting sales to its store location in community A, there's a loss in sales revenue for the surrounding communities without the store. Only if Walmart increased overall sales would your analysis be true, and that ain't the case. Overall sales are governed by the number of dollars in the customers' pockets rather than the number of Walmarts. Walmart's chief economic function is to equilibrate the economies of China and the US. Good for China but not so good for US. wg

To: mishedlo who wrote (72821)	12/26/2007 5:04:57 PM
From: John Carragher	Read Replies (2) \| Respond to of 116555

i also expect wal mart becomes a training ground for level entry low paying jobs. in your post you sighted loading docks,, ie driving fork lift trucks.would be a good example. another can be stocking shelves... yes, just stocking shelves..can give them experience to go to a union grocery store with higher pay scale and benefits. I knew a few guys who made a decent living years ago stocking shelves for the first national stores.. now a&p. i think. later worked himself up to shift supervisor. i would expect if some of these people are take charge , willing to learn , can advance. the opportunities are out there. Even working for small snack stores.. they can move up with experience to assistant manager and be paid a decent salary.. they put in long hours but most pull in around $50,000. . if they get their own store salaries go to $70,000 or higher. i knew a young lady who was pulling in $150,000 a year as manager at "in and out" in l. a. area. i am not talking college grads or even some college rather h.s. or equivalent. we pooh pooh too much. Wal mart does improve the standard of living for the community. on average i believe the numbers are like savings of close to $2000 a year if they shop groceries in addition to dry goods at wal mart. that is quite a bit of spendable income in savings. I also expect the assessments for real estate tax base is much higher than several local stores who may have the tax assessor in their back pocket or pleading for abatements. I highly doubt these stores pay much more if they do to the clerks who work in these stores. more likely the franchise owner or private owner is sucking out as much income he can to bring back to his family.

To: mishedlo who wrote (72821)	12/26/2007 8:12:34 PM
From: Roads End	Read Replies (2) \| Respond to of 116555

Walmart's ability to deliver low prices in part is derived from an efficient distribution network which implies fewer jobs not more jobs.

To: mishedlo who wrote (72821)	12/26/2007 8:15:39 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 116555

"Coming up, some news that you will like about walmart." They are losing market share? They are being sued? Someone burnt one down? Oh I know....since they added Micky Dees in their stores they now can say they are now increasing their contribution to the manufacturing sector?