General Discussion
In reply to the discussion: Any Liberal Who Whines About Walmart Needs To See This Epic Twitter Truthbomb {let him have it} [View all]rucky
(35,211 posts)People eat food.
Poor people spend a good chunk of their income on food.
I'm with him so far... groceries are important. But I lose him on the assumption that Walmart's prices are lower.
Is he saying that Walmart shoppers save $50b a year, compared to other grocery stores? or just that much in savings over their listed retail prices?
So here's the study that Jason Furman cites:
http://www.nber.org/papers/w11809.pdf?new_window=1
which says: Various studies have demonstrated that food prices at Wal-Mart are 8%-27%
lower than at the large supermarket chains, even after discounts for loyalty card and other
specials are taken into account.
So after knowing that, i guess we should figure in how much Walmart costs taxpayers to maintain that savings?