Walmart going under would be simultaneously amusing and tragic. Tragic in the sense they are one of the largest employers in the country. So them going under would hurt a lot of people.
Amusing though because Walmart seemed like an unbeatable Corporate Juggernaut for the longest time.
Do you know how many small businesses got put out of business or bought out while Walmart was claiming the retail space?
It might be some short-term pain, but if that allows the range of companies that were lost to reopen, it would be an overall positive that the money would flow in and out within a community rather than being extracted and sent to Walmart Corp headquarters.
You don’t have to feel sympathy for Walmart in order to feel empathy for families and individuals that are going to struggle even more now that they’re losing an income in this shit economy
I meant Tragic as in the amount of people it’d hurt. That’s it.
I couldn’t give a Rats ass about what happens to the company. It’s the people I was mostly concerned about.
Because unless it’s changed dramatically since I worked there. Most of the staff aren’t there because they like Walmart. They’re working there because they’ve got precious few options.
And realistically the most likely replacement of Walmart would probably be regional competition/copycats buying up Walmart assets. Because they have the money and with the demise of Walmart the demand to fill.
Which while I suppose it’d be an improvement over a Multi-National Conglomerate. Probably isn’t what you were banking on.
I typed out the previous response before seeing this, and I have to agree with this part.
It may come up that they are just regional replacements, but a big part of what makes Walmart profitable is by buying in such vast bulk that companies have no choice but to lower the prices to an extreme. Unless Walmart gets soaked up by a similarly large company, which is unlikely because many of these big box stores (Target for ex) are suffering in a similar way at this time.
Walmart going under would be simultaneously amusing and tragic. Tragic in the sense they are one of the largest employers in the country. So them going under would hurt a lot of people.
Amusing though because Walmart seemed like an unbeatable Corporate Juggernaut for the longest time.
Tragic?!?
Do you know how many small businesses got put out of business or bought out while Walmart was claiming the retail space?
It might be some short-term pain, but if that allows the range of companies that were lost to reopen, it would be an overall positive that the money would flow in and out within a community rather than being extracted and sent to Walmart Corp headquarters.
200 people losing their jobs is tragic, yes.
You don’t have to feel sympathy for Walmart in order to feel empathy for families and individuals that are going to struggle even more now that they’re losing an income in this shit economy
Fair point, I do sympathize with the minimum wage workers, who often need to get food stamps on top of their job to get by.
However, there's no way to fix these things to keep these massive companies from sucking the wealth from communities.
I meant Tragic as in the amount of people it’d hurt. That’s it.
I couldn’t give a Rats ass about what happens to the company. It’s the people I was mostly concerned about.
Because unless it’s changed dramatically since I worked there. Most of the staff aren’t there because they like Walmart. They’re working there because they’ve got precious few options.
And realistically the most likely replacement of Walmart would probably be regional competition/copycats buying up Walmart assets. Because they have the money and with the demise of Walmart the demand to fill.
Which while I suppose it’d be an improvement over a Multi-National Conglomerate. Probably isn’t what you were banking on.
I typed out the previous response before seeing this, and I have to agree with this part.
It may come up that they are just regional replacements, but a big part of what makes Walmart profitable is by buying in such vast bulk that companies have no choice but to lower the prices to an extreme. Unless Walmart gets soaked up by a similarly large company, which is unlikely because many of these big box stores (Target for ex) are suffering in a similar way at this time.
I feel like Amazon would just grow bigger. They put our local bookstore out of business.
Kinda like what happened to World Championship Wrestling.
In 1997, WCW Monday Nitro was THE most-watched show on ALL of cable television.
Four years later, the entire company was dead.