Sunday, November 9, 2008
Today I am at the Coffee Mug enjoying various flavors of coffee, and a cinnamon roll. Various flavors because it's several cups. Ha! A nice luxury for a Sunday morning.
As I was sitting here I was thinking about today's economy. I was wondering how lower income people are making ends meet. Also the retired who are on fixed income. The first word that came to my mind was WalMart. And the syndrome is this. Americans hate Walmart, but most of us shop there. We despise Walmart because it is big, but we love their prices. Some of us won't shop at Walmart, but some of us have to. We don't like inflation, but we don't appreciate Walmart for keeping prices low.
In truth, I would rather help the poor through low prices (which I can also take advantage of) than to send them a stimulus check (which last time we didn't get). I'd rather they pay their own way by taking advantage of low prices than me paying their way through redistribution of wealth that they did not earn.
While Walmart gets spurned by it's haters, Walmart's stock is soaring, because in these hard times, even more people are taking advantage of their sales and low prices. Walmart helps control inflation by setting the standard for standard pricing.
I nominate Walmart as the business of the year! And, oh, their wages and benefits are about the same as K-Mart, Target, the Family Dollar, Lowes, Home Depot, and others. And their wages may be higher than a lot of the department stores that we so love.
Now, let's face it. A lot of people who gripe about Walmart, shop Walmart!
Also, I must note, there are a lot of people who love WalMart. Several times in the past couple of weeks I have heard people say with affection, "that's my Walmart."