So I was watching Frontline on pbs this evening and this was the topic. My wife gets some groceries, toiletries and over the counter medicine at Wal-mart and I get things there as well.
I am very familiar with Wal-marts tactics as I have family in the retail food industry that competes directly with Wal-mart. In fact, my sister-in-law is a buyer for Albertsons that goes head to head with her counterpart at Wal-mart almost daily.
Up to this point I've always believed that competition is good. Maybe not immediately noticable but eventually, good for everyone. This is why I really haven't thought too much about where I shop for the cheapest price.
This show has made me put a little more thought into it.
The point in the show that made me start thinking was when they pointed out that Wal-mart buys so much from China that they are considered a joint venture with China. It's one thing to buy retail goods from China but an entirely different scenario when you've got your hands in the pocket of the worlds largest manufacturing force and their government.
I found out the best paid manufacturing workers in China make about $100 a month. Most make half that. I found out that Wal-mart is the richest company on the planet but has among the lowest wages and pays out the least amount for health benefits when compared to percent of salary.
I don't know. I guess many large companies work in the same way.
I like going to my small town local grocer as well as my local ACE Hardware store but it's going to be hard to adapt to paying 14.00 for that can of 3M Spray Epoxy that I could get at Wal-mart for 7.89.
If anyone gets a chance, check out the show next time it airs. I think it does a good job of showing both sides.
What do you guys think?
I am very familiar with Wal-marts tactics as I have family in the retail food industry that competes directly with Wal-mart. In fact, my sister-in-law is a buyer for Albertsons that goes head to head with her counterpart at Wal-mart almost daily.
Up to this point I've always believed that competition is good. Maybe not immediately noticable but eventually, good for everyone. This is why I really haven't thought too much about where I shop for the cheapest price.
This show has made me put a little more thought into it.
The point in the show that made me start thinking was when they pointed out that Wal-mart buys so much from China that they are considered a joint venture with China. It's one thing to buy retail goods from China but an entirely different scenario when you've got your hands in the pocket of the worlds largest manufacturing force and their government.
I found out the best paid manufacturing workers in China make about $100 a month. Most make half that. I found out that Wal-mart is the richest company on the planet but has among the lowest wages and pays out the least amount for health benefits when compared to percent of salary.
I don't know. I guess many large companies work in the same way.
I like going to my small town local grocer as well as my local ACE Hardware store but it's going to be hard to adapt to paying 14.00 for that can of 3M Spray Epoxy that I could get at Wal-mart for 7.89.
If anyone gets a chance, check out the show next time it airs. I think it does a good job of showing both sides.
What do you guys think?