maybe they should. they are getting the shaft. i read a study a while back. it said there was something like $80 profit in an ipod. china gets about $3 of that profit to make it. apple and the retailers get $77 profit. who is better off?
What is particularly interesting about WMT is the idea of globalization itself.... WMT in actuality is one of the best real world examples as to whether globalization is truly a viable concept.... In my opinion ....common stock ownership is the key to whether or not globalization is truly a workable concept.... WMT establishes a new "pricing normal" for the majority of retail buyers....This is how they enter the market.... Efficiency is good to those that position themselves to benefit from it.... ie Direct Edge with 70 employess is now the 3rd largest stock exchange in the world with BATS coming in next.... Just imagine where the stock markets could be in just a short period of time.... Particularly if the costly politicos were taken largely out of the game.... And there is no reason that all instruments should not be on this highway.... When coupled with WIKI type information ....there would be a whole new venue as to the fairness of globalization....via stock ownership.... The common stock highway should be largely unencumbered by politicos and legal largesse high cost add ons....
................................................... Very interesting ie Hummer....(cheap when in trouble) When the dollar is weaker....why not ? ie BUD....AMBEV.....ie EURO play Very possible ....cherry pick'in time if the dollar declines meaningfully.....ie cheap dollar play....
The folks who worked at RubberMaid and the countless other American companies that WMT ruined would argue with that study.
The WMT model is predicated on one criteria -- cheap labor. Stock ownership is no guarantee for success or security. Lehman and Enron are but two examples of companies heavily owned by thier employees. How'd that work out for them?
........................................................................................... Exactly.... If a company is going to move towards another nationale because of lower costs....whether it be taxes....labor....inputs....etc....The Globalistic view is that this is a good thing....Good thing for some....bad for others....The question being is it net bad....net good ...etc.... Companies go broke all of the time....being in business and failing/thriving is a never ending game.... But common stock would at least offer financial reward for the winners that helped the company form as a success.... Naturally some are going to win....some are going to lose.... One tends to perform with their self interest at heart when they have skin in the game.... This is also why it is so important for the US to change the tax structure.....to attract manufacturers and the world's best talent....
22K more minimum wage jobs (while simultaneously squeezing out the competition). That's just what this economy needs. It's hard to walk in this jungle of green shoots. Maybe a collapse in the dollar isn't such a bad thing. At least China-Mart would have to take a second look at its business model.
Many will become sanguine about accepting minimum wage jobs... won't be long before that's all there will be.... with lots of competition for each. Of course, we're hoping it will be better... and Obama is promising to "revitalize the middle class"... anybody with half a brain knows that promise is pure horseshit.
they just did a piece about walmart on cnbc. they pay 9.01 per hour plus benifits. ahead of target and kmart. hardly minimum wage.