The Daily Show on China Toy Recall

WalMart should have better consideration for the People’s Liberation Army. After all they have housing needs and a schedule to modernize their weapons systems. That can be funded by more Chinese exports to WalMart instead of good paying American manufacturing jobs to help pay mortgages in the United States of America.

Wal-Mart founder Sam Walton once said, “I pay low wages. I can take advantage of that. We’re going to be successful, but the basis is a very low-wage, low-benefit model of employment.”
http://en.wikipedia.org/wiki/Criticism_of_Wal-Mart#_note-
iswalmartgood

“Is Wal-Mart Good for America?” PBS. November 16, 2004. Retrieved on February 24, 2007.

Hey Sam! Can you say that in Chinese? Come on, do it for the Wikipedia.

Talk about hypocrisy...how about this business with SanDiegoView taking Friday off from whatever it is he does to pull-down a paycheck and sit around and make multiple posts on Wal-Mart Watch under a half-dozen names?

And he has the nerve to put my name in quotation marks.

SanDiegoView - noone cares to hear my propaganda, so I have to pretend to be someone else just to get attention!

Higher production costs in China would prove my claim that global trade is good for the US. With higher costs overseas, US companies have no motivation to move abroad. If Chinese workers are earning more money, their cost advantage is negated. By earning more money, they are able to consume. Because no nation or people can produce 100% of everything they need, trade must necessarily follow. With a growing consumer class in China, and more cost equality (assuming US unions don’t break the bank) our goods can be sold in China. Thus, free trade DOES benefit the US.

I read an interesting quote from a Chinese economic minister. He was discussing the complaints of US steel manufacturers claiming the Chinese were “dumping” steel in the US at low prices and engaging in unfair competition. He said “These people seem to forget that China was a net importer of steel every year up until this year. There were never any complaints when China was a net importer. Now that we are exporting steel, these people complain”.

Trade is not about jobs. Jobs are not the goal of our economy. Our goal is, and should be, free trade. We must buy things where they are cheapest and use our additional capital to create other businesses or buy other goods.

If a trade “deficit” is a bad thing then we are all in trouble. All Americans carry some sort of “deficit”. When I give you $500 and you give me a watch in return, we both gain. I get a watch I wanted and you get the money you wanted. According to WMW logic, I now have a $500 trade “deficit” with you and I am in real trouble. TRADE is different from a LOSS. Exchanging money for goods is TRADE and there is no deficit involved. Gambling money and losing is a LOSS. Why? Because you get nothing of value in return.

When two parties engage in a voluntary transaction in which they exchange something of value (money or goods) there is no deficit involved. Nobody gained or lost anything. Both sides merely traded one value item for another. Why can’t WMW understand the utter simplicity of this?

Gambling money and losing is a LOSS. Why? Because you get nothing of value in return.

But what if you win

Wallstreet

My point was, if you trade $25,000 for a car, you get something tangible in return. If you lose $25,000 gambling, you get nothing in return. And, yes, more people lose than win. Sheldon Adelson, the owner of the Las Vegas Sands, is worth $24.5 billion. I highly doubt that he, Steve Wynn, Kirk Kerkorian and others got so rich by losing money to schmucks.

I think I will go Cho the next time I hear some senior whining about how they can’t afford prescription drugs or property taxes when they are the wealthiest demographic AND they make up a very large percentage of gamblers, especially in my area.

Right On! Mr.X. Those assholes at Walmart are selling us down the river. the good paying jobs are gone and it is all service BS now. Sam Walton did what he said and low balled the wage slaves into the welfare offices. Now we pay it to China instead of to our own people!

jordan, i somewhat agree that we are being sold down the river...but, as long as american consumers are willing paying the ticket for the boatride...where does the responsibility lie? i for one jumped off the walmart shopping ship years ago!!!

Jordan,

“the good paying jobs are gone”

I always hear people saying this, but is it really true?  What high paying job did you have that is no longer there?

When I lived in Wisconsin, I worked in a foundry and started out at $3.03 an hour and after 13 years, I was up to $8.80 an hour!!  That was in 1990, then I moved to Arkansas and started out in a factory at $5.50 an hour and after 14 years, I was up to $15.36 an hour as a supervisor, my workers made about $12.50 an hour after 10 years!! Except for the auto industry, where were these high paying, good jobs that you say are now gone and what was the starting pay there?  Wal-Mart sounds like they aren’t much out of line with what the factories pay!!

RDS

If you were making 8.80 per hour why would you have to take a job for less?

Since you live in Arkansas was it Wal Mart were they starting the low pay then also

My Daughter was in College then ,she sure made a lot more then 5.50 when she was working during breaks.

You mean in working 27 years you were only up to $15.36 per hour.

wallstreet,

“If you were making 8.80 per hour why would you have to take a job for less?”

Mainly because I couldn’t convince the foundry I worked at, to move the plant from Wisconsin to Arkansas, where I was moving!!  And, I had to take a job for less, because the ‘new’ company I went to work for, started me out at the starting rate, they wouldn’t just start me out at the pay I was getting at my last company, does this sound strange to you?

“You mean in working 27 years you were only up to $15.36 per hour.”

That’s right, switching from one job to another put a break in my upper end of raises!!  This happens most of the time, when a person has many years at one company and then moves on to another company!!

A problem most people have, is worrying about how much they make PER HOUR and not so much on how much their PER HOUR wage will purchase!!  In other words, which would you rather have: $30.00 an hour pay and $5,200.00 a month expenses, or $10.00 an hour pay and $1,700.00 a month expenses?  Expenses follow wages, that is why rent is higher in high wage areas!!  Same thing with taxes and other expenses, like utilities!!  Property values also raise as wages in the area raise!!  It’s called “ability to pay”, the more you make, the more able you are to pay more, therefore, people tend to charge, “what the market will bear” for things!!

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