There is a video that accompanies this article. It is not the video below. I suggest anyone wanting to understand "Walmart Economics" watch this video on "Squawk Box." Thank you. By Stacy Mitchell
July 2, 2012
Sam Walton (click here) opened the first Wal-Mart (WMT +1.20%) store in Rogers, Ark., 50 years ago this month. Sprawled along a major thoroughfare outside the city's downtown, that inaugural store embodied many of the hallmarks that have since come to define the Wal-Mart way of doing business. Walton scoured the country for the cheapest merchandise and deftly exploited a loophole in federal law to pay his mostly female workforce less than minimum wage....
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