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Originally Posted by pan6467
So where's the loyalty to the worker, to the company that you had no problem selling to begin with?
Now, you talk to me about Capitalism and letting the market set the price and blah blah blah..... but then you defend this type of business practice? The market had set the price and the product was moving, very well. The community, the worker and Rubbermaid were doing extremely well and Wal*Mart set out to destroy that. And they did.
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Again, I'm deferring to the fact that capitalism is alive and well. If I want to provide products for my customers at a particular amount, then that is what I will look for. Look at the dollar stores. They exist in all areas and countries (while not a dollar but the equivalent.)
Consumers don't want to spend alot on goods that they cannot tell the difference in quality. Period. Plain and simple.
Do you want to know OTHER companies that did this? Garment manufacturers in NYC all went out of business in the Garment district in the 90s. What caused it? The competition of lower wages via NAFTA.
What did designers say to the manufacturers? I want it at this price... if you can't provide it at this price, I'll take my business elsewhere. The company I worked for is barely eeking a living now when before they were a wonderful cash business that thrived in a recession economy in the early 90s.
Again, capitalistic society, capitalistic market forces.
It's just like the real estate market, buyer's market and seller's market. You hope that when your time comes that you are on the right side of the fence whichever that may be.
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