On Thursday, Aug 7, 2003, at 22:37 US/Central, Paul Double wrote:
[Winona Online Democracy]
The Community Profile of Faribault, MN from www.mnpro.com reports
employment of 290 for their Wal-Mart. Even if they were all part time
employees that's a lot of payroll checks circulating in the community to
be spent at all the businesses who don't sell the same products. It
seems to me that some economic models have use a ratio of 10 to 1 as to
the rollover effect of payroll into a community by employers. That's
seems to me to be a nice impact to the community. As for profits
staying in the community the percentage of profit for most retailers is
small and I believe in the 3-5 % range so I'll take the payroll, sales
and property taxes plus the portion of corporate income made in
Minnesota and could care less about the bread crumbs that trickle back
to Arkansas or to be reinvested into new stores in more Minnesota
communities.
Paul Double
Someone said the same thing about Hy-Vee, payroll recirculation. The problem is Hy-Vee did not add to the pie. Therefore, there was no added payroll to recirculate. This makes the payroll recirculation argument become irrelevant because Hy-Vee cut the pie smaller therefore reducing every grocers labour needs. Poof all the hours and payroll addition that Hy-Vee was supposedly going to add to this over glorified sandbar are gone as well as any claim of an economic gain from the store.
Econo is now closed at Midnight. Poof more of the so-called gains gone. All Hy-Vee did was screw everyone who was unlucky enough not to have seniority at their employer, whether it be a restaurant or a grocer. Those that did not have seniority have to carry eighty-six jobs because one job cannot provide a reasonable amount of hours because of the so called Hy-Vee progress. Even those with seniority at many places still have been affected by the emergence of that "thing" some call an ideal grocery store. Yet, Hy-Vee is considered a boom not a bust. It maybe a source of a boom according to Enron's books but not in reality.
From there it could be reasonably countered that Hy-Vee, added a momentary spurt or as corporate socialists like to say, "stimulus" to the Winona economy. If one wishes to make this claim, when would this have occurred?
Excuse me while I do the false stereo type of an ostrich and stick my head in the ground some more while others fall for these delusions.
After all this, two years later we are now told Wal Mart will help not harm. Ebeneezer would say proudly, Bah Humbug!
******************************************** David Dittmann
If Republicans are so good for the economy, why, when Republicans control the White House and the Legislative House does the stock market preform the least?
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