The growth of Walmart https://t.co/NX6wjyPNRC via @Maptive pic.twitter.com/znLHy3w2Ai
— Max Galka (@galka_max) January 16, 2016
The growth of Wal-Mart mapped
20 Jan 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, technology diffusion, Walmart
Public opinion about the profit margin of Wal-Mart
18 Dec 2015 Leave a comment
in industrial organisation, organisational economics Tags: creative destruction, the alertness, The meaning of competition, voter demographics, Walmart
Unlike @Subway @WalmartToday understands the #DHMO awareness campaign
19 Nov 2015 Leave a comment
in economics of media and culture, economics of regulation, environmental economics, health economics Tags: political satire, precautionary principle, Subway, Walmart
What does @Walmart do wrong but @APPLEOFFIClAL does right?
16 Nov 2015 Leave a comment
in applied price theory, applied welfare economics, entrepreneurship, industrial organisation, politics - USA Tags: Apple, creative destruction, entrepreneurial alertness, Left-wing hypocrisy, Leftover Left, superstar wages, superstars, top 1%, Twitter left, Walmart
Amazon.com as a gale of creative destruction
30 Jul 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: Amazon.com, business history, creative destruction, e-commerce, entrepreneurial alertness, Walmart
Amazon is now bigger than Walmart read.bi/1Lyy93u http://t.co/XBsLW2HG8o—
Business Insider (@businessinsider) July 24, 2015
Facebook is now worth more than Wal-Mart
25 Jun 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, Facebook, Walmart
Facebook is now worth more than Walmart
buff.ly/1fuvV7V h/t @DKThomp
$FB $WMT buff.ly/1fuvSZB http://t.co/FtIIJP3EGN—
Ninja Economics (@NinjaEconomics) June 22, 2015
Why Did Wal-Mart Raise Its Wages?
03 Apr 2015 Leave a comment
in industrial organisation, labour economics, labour supply, minimum wage, politics - USA, survivor principle Tags: Paul Krugman, supply and demand, Walmart
Why Did Walmart Raise Its Wages?
forbes.com/sites/realspin… http://t.co/0LRQQcKGKm—
Benn Steil (@BennSteil) April 02, 2015
The retail sector quits rate, the number of people quitting jobs as a per cent of total employment, is also considerably higher than the quits rate in the private sector broadly: 2.9% versus 2.2%.
Not surprisingly, Gap and Ikea have made wage-hike announcements similar to Wal-Mart’s. Retailers are clearly having more and more trouble finding and keeping workers at the federal minimum wage.
In short, Krugman’s story of Wal-Mart raising wages in response to political pressure simply flies in the face of the evidence. Wal-Mart is just being Wal-Mart: making a rational decision to lure and retain workers in a tightening retail labour market through greater compensation.
The problem with ignoring this evidence is that it encourages the notion that we can make wages, in Krugman’s words, “a political choice,” with no concern for its effect on employment.
The simple reason Wal-Mart is handing out raises — people are quitting – Vox
27 Feb 2015 Leave a comment
in great recession, job search and matching, labour economics, labour supply, macroeconomics, poverty and inequality, unemployment Tags: inequality of bargaining power between workers and employers, The meaning of competition, Walmart
Another blow to the inequality of bargaining power between workers and the bosses. Job quits are not supposed to undermine the grand cartel of employers grinding the workers down.
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via The simple reason Wal-Mart & TJ Maxx are handing out raises — people are quitting – Vox.
What Sam Walton do to make his family rich?
10 Jul 2014 2 Comments
in applied price theory, applied welfare economics, entrepreneurship, industrial organisation, market efficiency, survivor principle, technological progress Tags: entrepreneurship, innovation, Walmart
HT: antidismal.blogspot via cafehayek
Utopia, you are standing in it! 
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