I couldn't find a single libertarian comment. Reddit needs serious help on economics.
Why anarchy fails
I find they need more "adjustments to their moral compasses" than any economic education.
It bothers me how it never occurrs to people these days to actually fix the problem themselves instead of forcing others to fix it (presuming it even needs fixing). Every time I stumble upon outcries like this, I suggest they just help the poor.
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Ignoring everything else, even assuming that Walmart can pass off the full burden of a cost increase to consumers, exactly hod do they work out that a 50% increase in cost will only increase to all around 1 percent increase in prices?? Isn't that absolutely impossible? I skimmed the study and that's exactly what they seem to be saying
O.o
From Reich's article:
More broadly, the widening inequality reflected in the gap between the pay of Walmart workers and the returns to Walmart investors, including the Walton fammily, haunts the American economy.
WMT share price is $69. Who is stopping WMT employees or potential WMT boycotters from becoming WMT shareholders themselves? Finally, everyone should be free to boycott whomever they want for whatever (stupid) reason they want.
Consumer spending is 70 percent of economic activity,...
That seems to be a huge part of the problem right there.