Reddit's view on the Walmart boycott

Miscellaneous General
1

“You Shouldn’t Shop at Walmart on Friday - A new study by the think tank Demos reports that raising the salary of all full-time workers at large retailers to $25,000 per year would lift more than 700,000 people out of poverty, at a cost of only a 1 percent price increase for customers.”

I couldn’t find a single libertarian comment. Reddit needs serious help on economics.

2

I find they need more “adjustments to their moral compasses” than any economic education.

It bothers me how it never occurrs to people these days to actually fix the problem themselves instead of forcing others to fix it (presuming it even needs fixing). Every time I stumble upon outcries like this, I suggest they just help the poor.

3

…

Ignoring everything else, even assuming that Walmart can pass off the full burden of a cost increase to consumers, exactly hod do they work out that a 50% increase in cost will only increase to all around 1 percent increase in prices?? Isn’t that absolutely impossible? I skimmed the study and that’s exactly what they seem to be saying

O.o

4

From Reich’s article:

WMT share price is $69. Who is stopping WMT employees or potential WMT boycotters from becoming WMT shareholders themselves? Finally, everyone should be free to boycott whomever they want for whatever (stupid) reason they want.

That seems to be a huge part of the problem right there.