| K-Mart will meet WalMart prices on the same items.
Competition cannot be created against Walmart. I inquired about two items for Walmart shelves. Both can be produced in China for less than fifty-cents each. Here it would cost more than $6.00 per item to manufacture.
Solutions? There isn't any, unless you can find American workers who are willing to work for pennies on the hour.
What good will unions be to empty spaces? And is Greenspan still wanting to lower the min wage?
I think we're already seeing the first phase of Ameica's third world status. But wasn't it inevitable anyway? I mean how long has any nation prospered until its cup runeth over? |