Wednesday, August 03, 2005

Defending Wal-Mart

Starbucks-bashing is so last year. The punching bag of choice for today's anti-corporate American is Wal-Mart. Wal-Mart's defenders have an up-hill battle.

In an Op-ed in today's New York Times, Pankaj Ghemawat and Ken Mark argue that Wal-Mart might (gasp!) help the country. Two reasons:

First, Wal-Mart hasn't just sliced up the economic pie in a way that favors one group over another. Rather, it has made the total pie bigger. Consider, for example, the conclusions of the McKinsey Global Institute's study of United States labor productivity growth from 1995 to 2000. Robert Solow, a Nobellaureate in economics and an adviser on the study, noted that the most important factor in the growth of productivity was Wal-Mart. And because the study measured productivity per man hour rather than per payroll dollar, low hourly wages cannot explain the increase.

Second, most of the value created by the company is actually pocketed by its customers in the form of lower prices. According to one recent academic study, when Wal-Mart enters a market, prices decrease by 8 percent in rural areas and 5 percent in urban areas. With two-thirds of Wal-Mart stores in rural areas, this means that Wal-Mart saves its consumers something like $16 billion a year. And because Wal-Mart's presence forces the store's competitors to charge lower prices as well, this $16 billion figure understates the company's real impact by at least half.

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Any successful capitalistic enterprise will be denounced as exploitative unless it forks over big bucks to the left.
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This How To guide is brought to you by Jay Kay, from The Business Professional.
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PS. The $1 access pass only applies to the first 250 new members. You've got to hurry if you want to claim your deposit. You just cannot afford to miss it!!!

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Jay Kay


PS. The $1 access pass only applies to the first 250 new members. You've got to hurry if you want to claim your deposit. You just cannot afford to miss it!!!

Just go to:out of debt
-----------------------------------------------------------------------------------------------------
So...if you really want to become successful then take action and:
Make your easy! living online. Find out how! Over 100+ Useful Resources That If Utilized Could Easily Be Worth Hundreds of Thousands of Dollars To You!!
Grab yourself a $1 access pass. If you're fast enough to be one of the first 250 new members at: The Business Professional, you bag a limited $1 new member access pass.
Grab your access pass here: out of debt

http://www.profitsupernet.com

--------------------------------------------------------------

This How To guide is brought to you by Jay Kay, from The Business Professional.
Get the net working for you.
Join a community of like-minded entrepreneurs and make your living online.
Become a member of The Business Professional network and look at:
out of debt
http://www.profitsupernet.com
--------------------------------------------------------------

PS. The $1 access pass only applies to the first 250 new members. You've got to hurry if you want to claim your deposit. You just cannot afford to miss it!!!

http://www.profitsupernet.com

8:54 AM  
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Anonymous millionaire said...

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We all want to be financially secure. Who doesn't? Unfortunately, many people are not doing anything to improve their financial status in life.
They spend most of their time working as an employee, using whatever's left of their free time in doing non-productive stuffs such as watching TV, shopping, or worse, doing nothing.
What a complete waste of time! Then they complain and whine on how life can be so cruel to them.
"If You Could Use Whatever Spare Time You Have In Learning How to Be Financially Free, You Could Soon Live the Life of Your Dreams!"
For this purpose, we have created an eye-opening table of contents and see how
The Business Professional will help improve your business!!
read on at: Affiliate

Guaranteed!!
We will show you quick and smart techniques to become wealthy in no time at all.
The Business Professional will definitely help improve your online profits!
Turn your online business into a driving force on the web. The ball is in your court.
If you like then have a look at Affiliate cause I want to help making you big profits and real cash!


I hope to see you on the inside.

Sincerely,

Jay Kay


PS. The $1 access pass only applies to the first 250 new members. You've got to hurry if you want to claim your deposit. You just cannot afford to miss it!!!

Just go to:Affiliate
-----------------------------------------------------------------------------------------------------
So...if you really want to become successful then take action and:
Make your easy! living online. Find out how! Over 100+ Useful Resources That If Utilized Could Easily Be Worth Hundreds of Thousands of Dollars To You!!
Grab yourself a $1 access pass. If you're fast enough to be one of the first 250 new members at: The Business Professional, you bag a limited $1 new member access pass.
Grab your access pass here: Affiliate

http://www.profitsupernet.com

--------------------------------------------------------------

This How To guide is brought to you by Jay Kay, from The Business Professional.
Get the net working for you.
Join a community of like-minded entrepreneurs and make your living online.
Become a member of The Business Professional network and look at:
Affiliate
http://www.profitsupernet.com
--------------------------------------------------------------

PS. The $1 access pass only applies to the first 250 new members. You've got to hurry if you want to claim your deposit. You just cannot afford to miss it!!!

http://www.profitsupernet.com

7:25 AM  
Anonymous secretly wealthy said...

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They spend most of their time working as an employee, using whatever's left of their free time in doing non-productive stuffs such as watching TV, shopping, or worse, doing nothing.
What a complete waste of time! Then they complain and whine on how life can be so cruel to them.
"If You Could Use Whatever Spare Time You Have In Learning How to Be Financially Free, You Could Soon Live the Life of Your Dreams!"
For this purpose, we have created an eye-opening table of contents and see how
The Business Professional will help improve your business!!
read on at: spice up your life

Guaranteed!!
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The Business Professional will definitely help improve your online profits!
Turn your online business into a driving force on the web. The ball is in your court.
If you like then have a look at spice up your life cause I want to help making you big profits and real cash!


I hope to see you on the inside.

Sincerely,

Jay Kay


PS. The $1 access pass only applies to the first 250 new members. You've got to hurry if you want to claim your deposit. You just cannot afford to miss it!!!

Just go to:spice up your life
-----------------------------------------------------------------------------------------------------
So...if you really want to become successful then take action and:
Make your easy! living online. Find out how! Over 100+ Useful Resources That If Utilized Could Easily Be Worth Hundreds of Thousands of Dollars To You!!
Grab yourself a $1 access pass. If you're fast enough to be one of the first 250 new members at: The Business Professional, you bag a limited $1 new member access pass.
Grab your access pass here: spice up your life

http://www.profitsupernet.com

--------------------------------------------------------------

This How To guide is brought to you by Jay Kay, from The Business Professional.
Get the net working for you.
Join a community of like-minded entrepreneurs and make your living online.
Become a member of The Business Professional network and look at:
spice up your life
http://www.profitsupernet.com
--------------------------------------------------------------

PS. The $1 access pass only applies to the first 250 new members. You've got to hurry if you want to claim your deposit. You just cannot afford to miss it!!!

http://www.profitsupernet.com

4:58 AM  
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6:38 PM  
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10:21 PM  
Anonymous make cash said...

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4:22 PM  

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