CRISIS ALERT: Companies Are Expanding Without Adding Jobs, DOW Hit Record High But Corporate Earnings Are Shrinking, And Private Clients Are Propping Up The Stock Market While Everyone Else Is Selling
April 2nd, 2013
Empty Walmart Shelves Show The Biggest Problem With The US Economy
Walmart customers across the country are complaining that many stores have trouble keeping items stocked.
This is being reported by Renee Dudley at Bloomberg News, who notes that the workforce has fallen by 120,000 since 2008, and that in the same time the company has added several hundred locations.
This actually speaks trend at Walmart represents a bigger problem with the U.S. economy.
Companies have expanded a lot since the downturn, but haven’t hired that many additional workers, leading to high unemployment.
Bloomberg News reportedly received thousands of emails about the empty shelves at Walmart.
Dudley interviewed Bob Shank, a Tucson, Arizona man who said his local store had “bare shelves” with “yards of empty spaces” and “few employees visible, especially at the check-out counters.”