this post was submitted on 20 Aug 2024
615 points (97.2% liked)

Greentext

3994 readers
1720 users here now

This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.

Be warned:

If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.

founded 11 months ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] lowered_lifted@sh.itjust.works 7 points 1 month ago

Walmart's literal trainings when you work for them reference this by a different name. They call it "everyday low cost" and say that when they "get a volume discount from a supplier" they can "roll back prices" and they offer scenarios in which this happens which are identical to the process timeworntraveler is accurately describing. I worked there 5 years in many different positions around the store and made sure to learn everything I could and I can indeed confirm this is how Walmart works. It's actually a really easy to understand business model. For all its flaws and despite being quite dated the documentary "The High Cost of Low Price" https://www.bravenewfilms.org/walmartmovie from all the way back in 2005 is still a good explainer of how Walmart became so dominant as to be able to completely set prices for all aspects of its suppliers and often its labor market. I personally witnessed everyone on my team get a $3 raise overnight when Fred Meyer threatened to poach some of our employees as scab labor to fight their union which was on strike. Now I am a union worker set to make a couple bucks more an hour than I did at Walmart but they always try to keep it competitive.