On Tue, Dec 11, 2012 at 11:38 AM, Judah McAuley <ju...@wiredotter.com>wrote:
> Here's how that plays out, Cam. > That scenario sounds totally plausible and reasonable, and exactly like the sort of competitive job marketplace that drives a competitive America without artificially propping up wages. In a truly open job marketplace, people are always free to switch jobs to one that pays more. > It's the same fundamental strategy that Walmart has used successfully to > expand. They go into a rural area, take a loss on a number of basic items > for a year or two and force their smaller competition out of business > because the smaller guys can't absorb a loss like that. Then, lacking > competition, they are able to gradually bring prices up and make back what > they lost and more and the barrier to entry for potential competitors is > high, helping Walmart lock in that market. > The real problem you seem to be describing here is that of monopoly, which I agree is a problem in America today. Walmart is one example. It's also seen in telecommunications and media companies in some pretty heinous ways. > It's a great corporate strategy, no doubt. But it sucks for workers and > consumers. It's really just an free and open marketplace. But I know that my point of view and yours certainly differ around that. -Cameron ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:359048 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
