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 Originally Posted by Silly String
Originally Posted by BankItDrew
On the other hand, the building and parking lot take up a lot of land... but that's the only downfall I can think of.
But just think of the efficiency. There used to be 25 shops around town that it took to service the same needs as one Wal-Mart.
Those 25 shops had to pay rent to a local businessman to sustain their locations, gouge their customers to make enough revenue for health insurance for family employees and to pay them a decent wage allowing them to work extra hours to keep the shops clean, organized, happily staffed. Meanwhile they charged more to support the 25 families that ran those shops so they could spend the profits at the 24 other shops in town.
Wal-Mart can cut out all that waste: they can save money on rent & buy the land, not waste money on advertising locally, manage all this from afar so you don't have to pay locals as much & use their economies of scale to cut margins for all their vendors & regional service providers. They can also squeeze the last bit of pride out of their employees, surrounding areas & even customers.
Definitely a fair trade off for cheap stuff and a liberal return policy.
I couldn't agree more. The way I feel towards this specific subject is the same way I feel about building new highways to compensate for the bottlenecking we have going on here in Ontario and throughout other highly populated areas: one day production needs to cease to exist.
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