NobleSavage
Veteran Member
But in political terms, the fact that the largest companies in the business of selling stuff to Americans are saying publicly that their shoppers earn too little money is a significant development. It represents a shift in the narrative within the traditional base of support for right-wing economic policy, as the CAP authors note. “If the Heritage Foundation, the U.S. Chamber [of Commerce], and other proponents of trickle-down economics refuse to believe the overwhelming academic evidence that clearly shows low consumer spending and income growth are holding the economy back, they should listen to corporate America and Wall Street,” the report says.
http://thinkprogress.org/economy/2014/10/15/3580001/retail-middle-out-analysis/
I wonder what Walmart's long term business strategy its (soon they'll be for guaranteed income.)