

Its interesting how the left who want a social safety net and a minimum wage now desire illegals and high levels of immigration. Even Bernie Sanders had once called it a plan by the Koch Brothers to debase salaries and undermine unions.
After the inflation it was done in many countries to cease wage pressure, as inflation causes wage pressure via more consumption of goods and high demand, on account of the grown money supply.
By debasing the salaries you entrench the created asset inequality and prevent cost of living adjustments from keeping pace with inflation, which the left then bemoan and call the rich greedy; as if they were the ones debasing their workers salaries and inflating their own asset values.








Sure, they had to cheat just to eek out this margin:
Profitability:
Profit Margin 3.07%
Operating Margin (ttm) 4.57%
My point isn’t that Walmart isn’t a scumbag, just that prices won’t fall appreciably even if we did something about it. What’s debasing peoples standard of living is money supply growth, via QE largely.