[extropy-chat] Seven cents an hour?

[Lifespan Pharma Inc/ MFJ-CTO]

Walmart is just like any other business going to go through a business 
cycle.
Just because Msoft and Walmart are huge is no guarantee that they will 
dominate forever.

In agriculture, we see a cyclical birthing and death of business.
Bigger and bigger does continue, but at the end of every full expansion 
is a paradigm shift... I'd be surprised
if even Msoft and walmart can insulate themselves from this forever.

This discussion is perhaps part of the larger  process that will lead to 
that correction over time.
Those who manage Walmart might accidentally watch Southpark too , don't 
you suppose.

> It's all a matter of perception. If it is true (as is widely reported) 
> that half of Wal-Marts workers live below the US poverty line and 
> cannot afford basic health care - then this surely places a huge 
> burden on society (and is breeding dissent for future trouble) - and 
> the only balancing beneficiaries are the Walton family.
>
> If, hypothetically, Wal-Mart was replaced by several thousand smaller 
> independent stores, all paying their employees a decent living wage, 
> and all competing to keep prices low, wouldn't the US be better off in 
> overall terms?
>
> There would be better job opportunities (a lot more choice), better 
> wages, more wealth in circulation, more opportunities to start and 
> run  a small business - and consumers would have more choice as to 
> where they spent their money...