ON LOW-WAGE CAPITALISM, PART 1…

Good morning. I'm away on my annual Wildacres Writer's Retreat atop Pompeii's Point in North Carolina. I've been reading Fred Goldstein's Low-Wage Capitalism and thought his "Why the bosses need Walmart" instructive. Enjoy Part 1:
Not only does Walmart pay low wages, but its low prices allow the entire capitalist class to pay low wages to a large section of the working class. Walmart has been considered one of the engines driving the process of low-wage capitalism. The company in 2006 employed 1.2 million workers in the United States and 400,000 workers abroad, making it the biggest private employer in the world. Its rise to power has been on the basis of of high technology, low prices and low wages. Walmart is the pre-eminent low-wage company in the U.S. capitalist establishment. Its wages have been declining since 1970, driving down wages throughout the retail industry.
Previously... Yes, I realize that Goldstein as leader and member of the secretariat of the Workers World Party has a point of view anathema to the majority of people in the United States, but he consistently raises points that I think important and worthy of deep discussion concerning our present economic hierarchy in general and Walmart in particular. I sincerely hope that when I return from my retreat I'll find the beginning of discussion that brings a thoughtful, large and varied voice to The Writing On The Wal. Jeff Hess: Have Coffee Will Write.

One Response to “ON LOW-WAGE CAPITALISM, PART 1…”

  1. […] ON LOW-WAGE CAPITALISM, PART 1… Good morning. I’m away on my annual Wildacres Writer’s Retreat atop Pompeii’s Point in North Carolina. I’ve been reading Fred Goldstein’s Low-Wage Capitalism and thought his “Why the bosses need Walmart” instructive. Enjoy Part 1: Not only does Walmart pay low wages, but its low prices Keep reading… […]

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