Surprising research suggests Wal-Mart can actually reduce obesity in low-income neighborhoods starved for affordable fresh food. [...]Makes sense to me. What doesn't make sense are the people who cling to their Wal-mart hate - it's almost as if they love unions, hate efficiency, poor people and local communities or something.
Wal-Mart significantly lowers prices in the communities where it sets up shop, even for people who never shop at the store. On food alone, Hausman and Leibtag found that Wal-Mart delivers a 25 percent benefit to consumers, which has a disproportionately positive effect on the poor because they spend a larger percentage of their income on food.
blogging my (mis)adventures in China between and during bouts of jetlag peppered with random thoughts on investing, strategy and development
Monday, February 22, 2010
Another Solution to Obesity: More Wal-marts
More on my love affair with Wal-mart (theDailyBeast):
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