[lbo-talk] Re: WMT goes orgo

Willy Greenfields filthydirtyunwashed at yahoo.com
Mon Aug 28 12:42:59 PDT 2006


Hi, Miles:

You wrote:


>In short, the problem's not Wal-mart; the problem is
the
>inevitability of Wal-mart style organizations in a
>capitalist economy.

I don't see this teleology, honestly. The drive to increase earnings doesn't necessarily require a Walmart-style assault on labor. Costco, which competes against WMT and its SAM's Club, follows a much different operating model. For the nature of the work completed by most of its employees, it pays what passes for a decent wage in this country (this is skewed a bit by the warehouse-type environment - more forklift and sideloader operators, for instance - but the basic point holds). Compare market performance of Walmart and Costco shares. Costco's not really being penalized for its 'generosity,' at least on a relative basis.

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