Daily Archives: June 12, 2008

The Wal-Mart Dilemma, the Two-Income Trap and the End of Oil

I‘ve written before about the Wal-Mart Dilemma: Less disposable real income for workers forces suppliers to lower prices and quality by offshoring production and service and laying off domestic workers, so they have even less disposable income. It’s a classic … Continue reading

Posted in How the World Really Works | 14 Comments