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The new retail bogeyman/hobgoblin…. – Publications – AEI

Summary:
AEI The new retail bogeyman/hobgoblin…. … is no longer Walmart for saving its customers millions of dollars with “everyday low prices.” It’s now the 30,000 dollar stores in the US that are saving customers millions of dollars with prices below even evil Walmart’s, and those low prices are just too much to take for some local communities. And the politicians in North Tulsa are fed up, and they have had enough of the rock-bottom prices and the cost savings that dollar stores are bringing to their local community and the anointed political busybodies have found a political solution. They’re putting a stop to the possibility of even more low prices in the future by passing legislation so that no new dollar stores can open up in north Tulsa. Then the political busybodies in New Orleans, north

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AEI
The new retail bogeyman/hobgoblin….

… is no longer Walmart for saving its customers millions of dollars with “everyday low prices.” It’s now the 30,000 dollar stores in the US that are saving customers millions of dollars with prices below even evil Walmart’s, and those low prices are just too much to take for some local communities.

And the politicians in North Tulsa are fed up, and they have had enough of the rock-bottom prices and the cost savings that dollar stores are bringing to their local community and the anointed political busybodies have found a political solution. They’re putting a stop to the possibility of even more low prices in the future by passing legislation so that no new dollar stores can open up in north Tulsa. Then the political busybodies in New Orleans, north St. Louis, and Haskins, Ohio heard about the “Tulsa solution to low prices” and they contacted Tulsa councilwoman Vanessa “Czarina” Hall-Harper, the sponsor of the city’s dollar store ban, because those communities also think they have too many low prices at too many dollar stores. The political busybodies in Mesquite City, Texas, followed suit and passed Tulsa-style dollar store restrictions right away.

Find out more about the new retail bogeyman/hobgoblin here from NPR’s Planet Money.

Related: CNBC reported today that “Walmart’s U.S. store managers earn an average of $175,000 per year and receive benefits including parental leave, health benefits and 401(k) contributions. That’s higher than the average salary of some of the country’s best paying jobs, including dentists, who make an average $174,110 a year, according to U.S. News & World Report, and lawyers, who make an average of $141,890.”

Who-d a-Thunk It? Walmart managers make more than dentists and lawyers on average? And I’d bet many of them started as hourly associates and worked their way up to store manager…. but, but, but I always heard those retail jobs at Walmart were dead end jobs….??

The new retail bogeyman/hobgoblin….
Mark Perry

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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