actually walmart is a horrible example... their jobs generally end up paying empoyees barely livable wages which qualify them for government services/assistance (which they encourage) so basically walmart employees cost us a lot of money in government assistance...
If you're working at Walmart, what do you really expect as pay? These are low-skill jobs anybody can do, and why should I be effectively subsidizing a zero-skill job at "livable wages"? The low pay should be a negative incentive to make people strive for better things.
But then steps in the government to make up the difference. There's the real problem: why strive for anything better if the result is the same? It's like people in Louisiana refusing to work because their unemployment benefits after Catrina were better than any job they'd find.
People will then talk about Costco, and how they provide better pay and benefits. That's great, but Costco only has so many jobs to go around. So when those jobs are all filled, where do people work? Walmart or other places.
additionally in this example walmart would be o-like and aixiz would be the hundreds if not thousands of other retailers walmart has decimated
It's a bit different than that. Walmart's tactic is to move into a community and enact a "dumping" like policy to wipe out the local competition. The competition suffers because it costs more to do business than what they earn.
With Aixiz, and O-like, the overheads are so low that it comes down to what is offered and at what prices. Aixiz is charging their prices simply because they can: they have the advantage over O-like. Sure, people can order 20x modules from O-like, but it'll take two weeks, it's a Chinese company that people often don't trust, and it's only worth buying if you need 20 at a time. If the Aixiz module market heats up, Aixiz can respond in turn with lower margins for themselves as well.
Even then, when you see these local retailers going out of business, it's usually because of just prices. Walmarts don't provide a nicer environment, better products/service, or even convenience (they're usually on cheap land away from the town somewhat). So if it's just
price that Walmart wins people over on, the local businesses really aren't offering anything exceptional, and have, perhaps, grown complacent as a result of a lack of competition. Sadly enough, many local retailers simply aren't dynamic enough to adjust to the competition.
Nice find, but I feel bad for the family run business here in the US maybe losing come customers. But then again, I probably won't be needing modules anytime soon, got surplus on myself as-it-is.
