Here’s a grim picture of the state of the American economy: The CEO of Dollar General explained to the Wall Street Journal why things are looking up for his company.
Dollar General, with about 14,000 stores across the country and a $22 billion market value, targets customers making $40,000 a year or less. They are expanding, CEO Todd Vasos told the Journal.
Why?
“The economy is continuing to create more of our core customer,” Vasos said.
Who frigged the labor market? Nancy Pelosi, Jerry Brown, constantly adding fixed government fees to labor, making the labor market ineffective. Under this condition, the save bet to to bet more poor people, and Dollar General is winning that bet.
The follow on bet is skilled workers leave California, and California goes bankrupt. Something, by the way, that Jerry Brown announced when he claimed he will intervene in the Supreme Court cases on labor.
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