Post by Deleted on Nov 25, 2013 15:22:56 GMT -5
I know I do it. It's so easy and tempting.
Highlights from the column by Al Lewis:
Please read the rest of the article. I didn't want to post the entire column because of copyright issues.
Read more: www.nasdaq.com/article/als-emporium-happy-thanksgrabbing-20131125-00236#ixzz2lgt9wdFM
Highlights from the column by Al Lewis:
Al's Emporium: Happy Thanksgrabbing!
The solution for many mass merchants is to take what President Lincoln declared as a national day of giving thanks and turn it into a national day of grabbing foreign-made goods.
In doing so, they continue the cycle that has landed them precisely where they are today. A recent report by the Economic Policy Institute estimates that America's widening trade deficit with China between 2001 and 2011 eliminated a net 2.7 million U.S. jobs. The equation is simple: (more imports) = (fewer jobs) = (fewer shoppers).
In doing so, they continue the cycle that has landed them precisely where they are today. A recent report by the Economic Policy Institute estimates that America's widening trade deficit with China between 2001 and 2011 eliminated a net 2.7 million U.S. jobs. The equation is simple: (more imports) = (fewer jobs) = (fewer shoppers).
"It astonishes me . . . how many men and women have sacrificed to secure our freedom -- and then we as a society are not willing to buy American-made products so that they have a strong economy to come home to," she says.
At a recent investors' conference, Wal-Mart U.S. CEO Bill Simon tacitly admitted that as many as 525,000 of his full- time employees earn less than $25,000 a year. You've likely heard the furor over a news story out of Cleveland last week that reported on a Wal-Mart store's canned-food drive "so associates could enjoy Thanksgiving dinner."
Please read the rest of the article. I didn't want to post the entire column because of copyright issues.
Read more: www.nasdaq.com/article/als-emporium-happy-thanksgrabbing-20131125-00236#ixzz2lgt9wdFM