Hard Times For Main Street
 

http://www.nbcnews.com/business/pers...rs-say-n177746



I guess the Walmart wage paradigm hurts everyone.

The greed of the rich is killing the goose that lays the golden eggs.

And when it's finally dead, they will blame Obama and the Democrats.

They are already doing that as part of the process.

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Companies are ever relocating/outsourcing so as not to pay decent wages.

Moreover States are in a downward spiral of competition offering the no-union, no taxes incentive.

The end result is there are not sufficient workers with the disposable income to light up Main Street.

I notice my mayor De Blasio in the thick of things. :D

Lower wages decreases cash flow. Bad business methinks.

Of course it does, where's the broad market without the means to participate. A lowered wage scale only serves a few, and so-called free-market libertarians only serve these few by "carrying their water".

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Dp, nt.

That's where we are here on Topeka. Average wage keeps decreasing, high end stores like Macy's just cannot survive, while they keep building more Wall Marts, four now, in a city of 125,000 people that cannot even support a Macy's.

The Kansas art commissioner asked me earlier this year why I no longer involve myself in local art fairs. I told her it's because this is a wall mart town and wall mart people don't buy art that isn't from China.

And since taxes on the middle class keep rising and rising while they eliminate taxes on the rich, Kansas has no where to go but down.

Maybe the art market is better at the very high end where the 1% shop.

They've been doing real well lately.

Do you have a shop that sells Piscasso originals?

In Brooklyn here we keep Wall Mart out so that Mom and Pop stores can survive.