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jtuck004

(15,882 posts)
16. The local Walmart has big black banners draped over the front. What happened?
Fri Jun 28, 2013, 03:11 AM
Jun 2013


Oh, they lost a money-making source. That explains it.

Maybe the drunk lady (chick would have worked here, though) with $20 billion can fix it. Her, latest net worth is US $26.3 billion, the second richest woman in America. This is gonna put a crimp in her louis vuitton accessories. She did help rejuvenate an airport. She is also known for not being one of the mean relatives to Sam Walton before he wrote his will. For this she has $26.3 billion. It is unknown if she contributes in any other meaningful way to the other 313 million people who need dollars too, or if she is just holding most of it for herself. Dear Alice.

Interesting factoid I read about them last week. Walmart doesn't own many of the things it sells. They don't take ownership until the cash register. So they don't get stuck with a lot of unsold merchandise, unlike smaller stores. It also takes out the cost of maintaining an inventory and the profit that would be built into that, and removes them from the sometimes short lives of the people who make that stuff they sell. Selling cheaper, being rewarded handsomely. Now that they have used up Bangladesh, where will they turn to? India? Might be too expensive. 'Course they might surprise me and suddenly go to Bangladesh on a mission, and bring them the help they might ask for. But I bet not. They really don't care about you, about the people. They are just a source of revenue to the family.

The workers at Walmart create incredible wealth for just a few, and are quite jacked-around on their labor. But as one of those employees, a 20's-something man who was dreaming of moving away from his parents home, when he could get enough hours, said "They pay us ok here, it's pretty good!". Later he told me it was around $8-$9/hr.

Good luck, kid.
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