Thursday, May 17, 2012

Food for thought

The announcement in February that Target, the second largest US discount department store retailer, will be opening one hundred and thirty-five stores in Canada, starting in March 2013 brought a swift retort from the head of Wal-mart, Canada, Shelley Broader
She said, "When people ask me what our Target strategy is, I say we have a Wal-Mart strategy. That's about helping people save money so they can live better." 
That sounds a little strange from a company that pay their employees little enough to live on, let alone save. Even stranger considering how Wal-Mart force their suppliers to fire union employees lowering their standard of living; strange, too, considering the companies they have ruined in competition, hence more grief and unemployment. Socialists do not take sides in competitions between capitalists as they are all at the same game -- lowering labour costs for more profits -- and the only way to end this race to the bottom is to get rid of the profit system. 

A recent study suggests retailers can increase yearly takings by almost $100 000 by employing people whose ethnicity reflects the local community. The study by Temple University, Rutgers, and Davidson College studied the theory at over seven hundred JC Penny stores. The extra take averages out to $630 per employee (wonder if they received any of it) and brought the company $69 million a year. Altruism is a wonderful thing, especially when it brings in millions. 

John Ayers

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