Re: Say NO NO NO to Wal-Mart!!!

Jonathan Ball <[EMAIL PROTECTED]> wrote in message news:<[EMAIL PROTECTED]>...
> Doug Kanter wrote:
> 
> > "Jonathan Ball" <[EMAIL PROTECTED]> wrote in message
> > news:[EMAIL PROTECTED]
> > 
> > 
> >>People earning minimum wage don't generally have families.
> > 
> > 
> > Where did you hear that???
> 
> Here's some more typical leftist BULLSHIT about 
> Wal-Mart (a place at which I don't shop):
> 
> "But Wal-Mart's PR slogan "Our People Make the 
> Difference" does capture a truth. Based on the 
> company's profit and employment figures, I calculate 
> that each employee generates more than $11.20 in new 
> wealth for every hour she works. The average U.S. 
> employee is paid an average hourly wage of $7.50, and 
> the balance – about $3.70 – goes back to Arkansas as 
> profit."
> 
> http://www.alternet.org/story.html?StoryID=17060
> 
> Wrong from the get-go.  An employee doesn't generate 
> *wealth* per hour.  An employee generates revenue or 
> income.  Income is a flow; wealth is a stock.
> 
> The $3.70 does not all "go back to Arkansas as profit". 
>   That $3.70 pays the suppliers, pays the rent on the 
> land, pays utilities, pays local and corporate taxes. 
> In fact, you have no way of knowing how much of it is 
> profit, unless you look at Wal-Mart's annual report.
> 
> The author, some economics-illiterate named Stan Cox, 
> is a fool.  He's writing inflammatory bullshit.  Stupid 
> leftists gobble it right up like caviar.


except that most leftists cant afford caviar as wal-mart is the only
place we can afford to shop.