The Walmart Effect — The Atlantic
There was a time when lowering costs improved quality of life—raising millions of people out of poverty all over the world. But in the last decade, cost-squeezing has led to very different results, and is increasingly linked to a collapse in the quality of products and services. Some people get richer from these cost efficiencies, and a larger grou... See more
competition from lower-cost countries is bound to put downward pressure on wages of the online
Guy Standing • The Precariat: The New Dangerous Class SPECIAL COVID-19 EDITION
The deepest problem that local-food efforts face, however, is that we’ve gotten used to paying so little for food. It may be expensive in terms of how much oil it requires, and how much greenhouse gas it pours into the atmosphere, and how much tax subsidy it receives, and how much damage it does to local communities, and how many migrant workers it
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