Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Wednesday, May 10, 2006
Walmart Employment Problems
Walmart (NYSE:WMT) has recently made several very high profile appointments to an Employment Practices Advisory Panel, including a former mayor of Detroit and the highest ranking female general and other notable figures. Leaving aside the significant social justice issues the real problem for Walmart is the changing demographic of an aging population base. Walmart has relied on cheap labor. If unemployment stays down and long term demographic trends stay on course, the work force will not settle for Walmart job opportunities. This will have a fundamental impact on Walmarts cost structure. Walmart is unfamiliar with scenario's where they compete to acquire resources.