Always __________
From the notoriously anticapitalist left-wing nut jobs at the St. Louis Business Journal comes this shocking story:
A study focused on the effects of Wal-Mart stores on poverty rates found that an estimated 20,000 families nationwide have fallen below the official poverty line as a result of the chain’s expansion.
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Authors, Goetz and Swaminathan write that the presence of Wal-Mart was “unequivocally associated” with smaller reductions in family-poverty rates in counties nationwide during the 1990s relative to places that had no stores.
During the last decade, dependence on the food stamp program nationwide increased by 8 percent, while in counties with Wal-Mart stores the increase was almost twice as large at 15.3 percent, according to the study. Although Wal-Mart employs many people living in its communities, for most, the hours worked and the wages paid do not help these families transition out of poverty, the study said.
The study, which sought to identify the independent effect of Wal-Mart stores on changes in U.S. family-poverty rates at the county level, found that one of the greatest effects of a Wal-Mart opening is the closing of mom-and-pop-type operations.
I must have missed that part in the commercials. Perhaps I was too focused on that smiley face in the Zorro outfit. That guy cracks me up.
(Via — I’m embarrassed to say, being a St. Louisan an’ all — No Capital).
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