Key Points
Walmart is rolling out digital shelf labels and expects the technology to be in all U.S. stores by year’s end. Kroger also has begun experimenting with the technology.
The nation’s largest retailer says the digital price tags help associates do their jobs better and stresses that prices on items will be exactly the same for every consumer in every store.
Some legislators are wary of the technology’s potential to be used in dynamic pricing models that disadvantage consumers, with Sens. Jeff Merkley (D-Ore.) and Ben Ray Luján (D-N.M.) introducing a bill to ban it.
Well if you think its Walmart making people poor you’re mistaken I would say, its QE that really erodes your paycheck. The CPI then does hedonic adjustments and substitutions to mismeasure real inflation to make it seem like you’re not getting poorer.
They’re not the only one to blame, no.
The system is propped up by everyone simultaneously. Especially when there’s people like you defending giant corporations like Walmart.
Also I’m not American
If the money supply grows at 8% a year and productivity barely rises that’s just raw debasement in my view, and complaining about an unchanging <4% margin of a consumer staple mainly owner by retired boomers is silly IMO.
According to research everyone should be buying levered positions and staying 100% global equities for life, as an inflation hedge is so important in the casino we call a global economy.
Because that’s how economies of scale work; you say a bigger number happens in another process, which implies that 4% profits are actually 4% socialist.
Man, I really didn’t think you were going for the “Walmart is actually socialist” - bit, I thought it’s beyond exaggerated comedy for me to even suggest you’d be dumb enough to argue that… yet here we are. Lol.
You’re comparing two completely different things; profitability per dollar vs. absolute growth of business.
Ya you lost me on the socialist bit. I’m simply saying there’s so very little juice to squeeze, you’d be extremely luck to trim 1% off their price, banning credit cards at grocery store would probably be more effective.
Why are you genuinely disregarding everything I say about your points? Feels like you’re being disingenuous.
You showcase that profits are 4%, but growth of money supply is 8%, and then heavily imply those can be directly compared, meaning that Walmart is actually losing money with 4% profits when they “should” have that number at the 8%, even when those figures don’t correlate at all.
It’s like saying that since my shoe size is 44 that my IQ must be X or Y. Shoe size has nothing to do with IQ, even if IQ was objective and good enough to be valuable.