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by parasubvert
2059 days ago
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It’s completely naive and overwrought, however I think it’s quite arguable that Walmart and Amazon have done a lot for society in terms of passing down cost savings and customer satisfaction. This is why they have been successful. This is at the price of how they treat their labor, which is a political failure of the USA. This isn’t too different from much of modern capitalism: globalized cheap labor with poor conditions and limited collective bargaining power makes your phone, textiles, and appliances. |
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What costs have gone down over time? The highest expenditures I think for most people are housing, healthcare, education? What percentages have they been driven down by our system? Food? According to the U.S. Bureau of Labor Statistics, prices for food were 769.75% higher in 2020 versus 1962 (founding of Walmart).