Skip to main content
  1. News
  2. Business & Finance
  3. Small Business

The Black Friday Ballot.

See also

Black Friday and Cyber Monday are now in the rear of our view and according to published statistics the numbers fell below what was predicted. Although approximately half of the American buying population joined long lines and browsed crowded stores, they spent $1.7 billion less than they did in 2012. But the pain is felt even more on Main Street where the competition is not the store next door, but the mall just up the highway.

They operate in the same economy of slow wage growth, high unemployment and sliding economic confidence. Many of their customers are their neighbors. They sit in the same pews and their children attend the same schools, but economic decisions often negate emotional bonds. Most local store owners could not compete with the huge discounts that the big stores offered. The dynamics of their size and cost structure makes them animals from different species and therefore incomparable. An organization like Wal-Mart, for example, can dictate the cost of procuring many of the items they carry in their inventory, one among the many drivers they have perfected in their business model.

When Wal-Mart opened their newest store, in Washington DC, it was with the blessing of the mayor, and by all account, the buying public. Despite the opposition from his city council, the mayor showed his support by vetoing a bill that would have raised the minimum wage that Wal-Mart could pay its DC staff, and then attending the opening ceremony like any good host. Shoppers ignored demonstration picket line and voted with their dollars in support of their newest convenience.

But can we really read anything into any of this? Have shoppers ruled on the side of low non-unionized wages in exchange for low cost items and the peril of their local stores? Or is it just the average Joe and Jane trying to stretch a buck?

Advertisement

News

  • Mt. Everest avalanche
    Disaster strikes Mt. Everest as at least 12 people were killed in an avalanche
    Video
    Watch Video
  • Most Earthlike planet discovered
    The Kepler telescope has discovered the most Earthlike, possibly habitable planet yet
    Space News
  • Easter crosses create debate
    Easter crosses spark a debate of separation of church and state in Ohio
    Headlines
  • Chelsea Clinton is preggers
    Former first daughter Chelsea Clinton is pregnant with her first child
    Headlines
  • Stanley Cup playoffs
    The battle for Lord Stanley's Cup is on, don't miss a minute of playoff action
    Sports
  • Ukraine discussed amongst U.S., E.U., Russia
    The U.S., E.U. and Russia agree on ways to diffuse the tension in Ukraine
    Video
    Watch Video

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!