I don't enjoy the Wal-Mart shopping experience - a giant building full of stuff I don't need sold by people who generally don't know anything about what they're selling. Anybody ever shopped at Harrods in London? Now there's a store.
In related news, I wonder how the following will play out on Wal-Mart?
"China's supply of cheap labor is running out. Hundreds of China's factories are raising wages and benefits to contend with nagging labor shortages. Applicants used to "just show up at the door," said a human resources manager at appliance maker Well Brain. "Now we put up an ad looking for five people, and maybe one person shows up." The change could push up the prices of cheap exports that have fueled China's economic boom, and drive low-cost manufacturers to other countries such as Vietnam. "We're seeing an end to the golden period of extremely low-cost labor in China," said Goldman Sachs economist Hong Liang. (The New York Times, free registration required)"
In related news, I wonder how the following will play out on Wal-Mart?
"China's supply of cheap labor is running out. Hundreds of China's factories are raising wages and benefits to contend with nagging labor shortages. Applicants used to "just show up at the door," said a human resources manager at appliance maker Well Brain. "Now we put up an ad looking for five people, and maybe one person shows up." The change could push up the prices of cheap exports that have fueled China's economic boom, and drive low-cost manufacturers to other countries such as Vietnam. "We're seeing an end to the golden period of extremely low-cost labor in China," said Goldman Sachs economist Hong Liang. (The New York Times, free registration required)"