Saturday, November 21, 2015

“Free market” at work

In the last 10 years Wal-Mart has opened almost 1,500 new stores in the U. S., increasing its square footage of retail space by about 45 percent.

Wal-Mart sales are up 50 percent in the same period.

Wal-Mart execs forgot to hire more clerks and cashiers—the workforce has grown only 8 percent in the last decade.

Who do you think benefitted from the 50 percent increase in sales?

What do you think happened to customer service at Wal-Mart in the past 10 years?

Yup, it’s the “free market” at work.

Copyright © Richard Carl Subber 2015 All rights reserved.

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