Wal-Mart: Our shoppers are 'running out of money'

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Wal-Mart: Our shoppers are 'running out of money'

Post by Admin on Sat Apr 30, 2011 5:53 am

NEW YORK (CNNMoney) -- Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact."

Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in.

Lately, they're "running out of money" at a faster clip, he said.

"Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern.
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Re: Wal-Mart: Our shoppers are 'running out of money'

Post by elysium on Sat Apr 30, 2011 6:26 am

Perhaps a worker's slogan (in the upcoming struggle) could be 'if we can't spend, don't expect us to produce.' I've often contemplated why the workers in the U.S. don't collectively unite and not show up at their places of employment, until their demands are met, i.e., a living-wage, appropriate medical benefits, and safe workplace conditions (excluding persons such as hospital staff, etc). This is in contrast a "workers of the world, unite!" approach, in which widespread violence would be anticipated.

When the workers realize they control the purse strings, this whole capitalist oppression can stop. It will be sort of like a reverse of taking the basic sustenance away from the capitalist, as has already been taken away from the worker.

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Re: Wal-Mart: Our shoppers are 'running out of money'

Post by GF on Sat Apr 30, 2011 10:08 am

elysium wrote:Perhaps a worker's slogan (in the upcoming struggle) could be 'if we can't spend, don't expect us to produce.' I've often contemplated why the workers in the U.S. don't collectively unite and not show up at their places of employment, until their demands are met, i.e., a living-wage, appropriate medical benefits, and safe workplace conditions (excluding persons such as hospital staff, etc). This is in contrast a "workers of the world, unite!" approach, in which widespread violence would be anticipated.

When the workers realize they control the purse strings, this whole capitalist oppression can stop. It will be sort of like a reverse of taking the basic sustenance away from the capitalist, as has already been taken away from the worker.

This is very similar to the syndicalist 'general strike'. General Strike

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Re: Wal-Mart: Our shoppers are 'running out of money'

Post by Rev Scare on Sat Apr 30, 2011 6:13 pm

elysium wrote:Perhaps a worker's slogan (in the upcoming struggle) could be 'if we can't spend, don't expect us to produce.' I've often contemplated why the workers in the U.S. don't collectively unite and not show up at their places of employment, until their demands are met, i.e., a living-wage, appropriate medical benefits, and safe workplace conditions (excluding persons such as hospital staff, etc). This is in contrast a "workers of the world, unite!" approach, in which widespread violence would be anticipated.

When the workers realize they control the purse strings, this whole capitalist oppression can stop. It will be sort of like a reverse of taking the basic sustenance away from the capitalist, as has already been taken away from the worker.

The problem is much like the lack of general opposition to repressive and corrupt political regimes. If it were as simple as that, our governments would have been overthrown long ago and most likely would not even have arisen in their corrupt forms. The masses will not act due to both ignorance and a lack of coordination. It is incalculably difficult and therefore highly unlikely that an organized general strike would occur by spontaneity, and I suppose that this is the reason that it does not occur. Individuals will not risk their livelihoods if they do not recognize potential in the form of a coordinated effort (i.e., by means of collective sacrifice).

Even when there exists a formal movement to represent the masses, the struggle is constant and fierce, and infinitely troublesome to generate. It comes as no surprise, then, that what you contemplate does not manifest in reality.

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