“The costs Walmart imposes in the form of not only lower earnings but also higher unemployment in the wider community outweigh the savings it provides for shoppers. On net, they conclude, Walmart makes the places it operates in poorer than they would be if it had never shown up at all.”
Reposted from
Chris Hayes
If you made this argument back in the day you were smugly dismissed as an economically illiterate lefty.
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