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drm604

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Gender: Male
Hometown: Philly region, Pennsylvania
Home country: USA
Current location: Philly region, Pennsylvania
Member since: Fri Nov 12, 2004, 02:20 PM
Number of posts: 14,371

Journal Archives

So DID Mitt Romney Really "Create Jobs" At Staples?

http://www.ourfuture.org/blog-entry/2012072815/did-romney-really-create-jobs-staples
Did Mitt Romney really "create 100,000 jobs" with Staples? Simple answer: only if no one else was selling office supplies, stationery, etc. before Staples came along. What Staples did was force many competing stationery, office supply and computer stores out of business, probably shifting their employees into lower-wage jobs. Staples was just one more part of the Wal-Martization of our economy in the last few decades. In our system the wealthy few have the power to lay people off or force pay cuts and then pocket the difference for themselves. We have to come to grips with that, and fix the system.
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As Staples grew it overtook competing chains like Businessland and others. In other words, Staples took business from other, existing stores -- often local retailers. Staples did not “create” jobs, it shifted office-supply jobs from local stores, etc., probably to lower-paying jobs. (The former owners of local businesses certainly were worse off from this.) They likely even lowered overall office-supply, stationery, etc. employment in the larger economy.
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