'behavioral trap'? When I was unemployed, do you think it would have been better for me and my family to purchase more expensive goods from places that were not Wal-Mart?
What you call a 'behavioral trap', I call common sense. If you do not have a whole lot of money to play with, you need to be frugal. The best place for me to do that around here is Wal-Mart. On Mon, Sep 27, 2010 at 4:21 PM, Larry C. Lyons <[email protected]> wrote: > > and that in a nutshell is why so many manufacturing jobs are going offshore. > > Its a classic behavioral trap, the short term positive consequences > outweigh the long term negative ones. > > On Mon, Sep 27, 2010 at 4:17 PM, Scott Stroz <[email protected]> wrote: >> >> To be honest, in this economy, I don't give a shit. >> >> I, like a lot of people, need to get the most out of each and every >> dollar I spend. The best place for that, in my opinion, is Wal-Mart. >> >> When the economy turns around, and I am no longer afraid that it may >> effect my job, then I can go back to supporting local businesses, >> until then, I need to do what is best for my family. >> >> On Mon, Sep 27, 2010 at 4:10 PM, Larry C. Lyons <[email protected]> >> wrote: >>> >>> With Walmart however its not just the employees they like to screw >>> around, its the small and medium businesses that are the suppliers for >>> the company. >>> >>> What happens is that the contracts allow for a renegotiation every >>> year. Year 1 no problem, the supplier typically gives a reasonable >>> price which Walmart accepts. Year 2 Walmart comes back and tells the >>> supplier to knock 5% off the price. If not Walmart will go overseas to >>> a Chinese supplier who can meet that price. That's not so bad so the >>> supplier usually complies. Unfortunately Walmart then does it on year >>> 3 and 4. Quite rapidly the supplier finds that his margin has >>> disappeared and they either have to let the Walmart contract go (which >>> has its own problems) or they have to go overseas themselves to meet >>> the new price. In the end the supplier and the people working for that >>> supplier in the US lose out. >>> >>> On Mon, Sep 27, 2010 at 3:50 PM, Sisk, Kris <[email protected]> wrote: >>>> >>>>>Didn't you use that example last week and didn't Jerry shoot it down? >>>> They don't raise prices and they create as many new business as the >>>> ones they replace. >>>> >>>> I must've missed it. I missed a lot of the list last week. It was a busy >>>> week. I'll have to go hunt through the archives. >>>> >>>>>Also, WalMart, like most retail jobs pay around minimum wage and >>>> employee college kids, housewives and retirees. If you are working >>>> there as a career they do have management opportunities but not that >>>> many. >>>> >>>> That's what they'd like. The truth of the matter is that an awful lot of >>>> people depend on full time Wal-Mart jobs to pay the bills. I know >>>> several of them and they make more than minimum wage (not that they're >>>> well paid by any stretch, but it's not minimum wage). Admittedly most of >>>> them are high school graduates or people who such useful majors as >>>> philosophy or, but that doesn't change the fact that they work full time >>>> at Wal-Mart. One in particular actually has a business degree but stays >>>> at Wal-Mart because she's getting by just fine (and, I think, is scared >>>> of change). The last several years Wal-Mart corporate has been bending >>>> over backwards to make their lives miserable because it costs them a >>>> hell of a lot less to fill the schedule with college kids, housewives, >>>> and retirees who don't qualify for full time benefits. >>>> >>>> >>> >>> >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:328011 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
