In a chilling reversal of Henry Ford’s strategy, which was to pay his workers amply so they could buy Ford cars, Wal-Mart’s stingy compensation policies–workers make, on average, just over $8 an hour, and if they want health insurance, they must pay more than a third of the premium–contribute to an economy in which, increasingly, workers can only afford to shop at Wal-Mart.
To make this model work, Wal-Mart must keep labor costs down. —Liza Featherstone —Down and Out in Discount America (The Nation)
An interesting analysis of the relationship between poverty and Wal-Mart.
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