Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Walmart Has To Overcome A Scary Reality About Its Customers [View all]hedgehog
(36,286 posts)12. Henry Ford paid his workers enough that they could afford to buy the cars they made!
Now, it is my personal opinion that he had to raise wages to prevent employee turn-over - working the assembly lines was so mind-numbingly soul killing that a lot of guys drank their first week's wages and didn't come back the next Monday! still, whatever the motivation, the result was that the workers could afford to buy cars!
Edit history
Please sign in to view edit histories.
33 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Yup, people who can no longer afford Walmart are most likely going to the dollar stores. nt
Raine
Nov 2012
#31
I'm surprised he didn't say it was because the tax rate on their customer's dividends is too high
corkhead
Nov 2012
#14
Walmart CEO Mike Duke : customers are among those most affected by concerns about the fiscal cliff.
DJ13
Nov 2012
#5
I think if you dig into their complete histories you will find something like
BlueStreak
Nov 2012
#29
Henry Ford paid his workers enough that they could afford to buy the cars they made!
hedgehog
Nov 2012
#12
No they aren't. The communities are killing themselves by bringing Walmart the $ to pay for it.
jtuck004
Nov 2012
#22
That has such a Keynesian sound to it that I expect the supply-siders to ignore it completely
HereSince1628
Nov 2012
#23
Maybe WalMart should listen to the Nuns on the bus. They could give them a big lesson.
southernyankeebelle
Nov 2012
#26