this post was submitted on 17 Jul 2023
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This just isn't true. Walmart specifically has steadily increased prices, even though they are constantly making money.
https://www.macrotrends.net/stocks/charts/WMT/walmart/gross-profit
In fact, they believe they can perpetually grow and when they don't grow they pin it on people stealing.
Walmart loses about 1% of its annual revenue to theft. Sure that is pretty significant, but then you also have to realize that Walmart is typically the #2 company on spending for lobbyists. Usually influencing labor laws.
Additionally, working class wealth has slowed to almost a stop. Since 2008 wealth generation for the average American is increased by about 1% each year. In comparison to the several hundred percentage that the top 1% has increased.
https://www.pewresearch.org/social-trends/2020/01/09/trends-in-income-and-wealth-inequality/
You are advocating for a shitty faceless corporation and believing that stealing from them is actually harming others. They have made enough money to not only feed every single American, but also pay them a living wage, yet their employees are barely making that.
If they didn't have anybody stealing, prices would still be as high as they are, Walmart would just justify it with an excuse.
They have not stopped increasing how much money they take. Every year they make more, charge more, and we don't move. We stay right where we are and get to watch what was once a liveable wage turn into a nightmarish struggle.
You aren't the victim of others, you are the victim to capitalism.