Advantage Quote by Sam Walton
“I pay low wages. I can take advantage of that. We're going to be successful, but the basis is a very low-wage, low-benefit model of employment.”
About This Quote
Source Interview: Business Strategies, Sam Walton, 1970s
The speaker acknowledges exploiting low-wage labor as a core business model for profit.
In simple terms: Profits rely on paying workers very little.
Key Takeaway
Consider ethical alternatives to low-wage models.
Themes
business
ethics
labor
profit
strategy
Mood
critical
reflective
Type
advisory
analytical
When to use this quote
- retail management
- startup budgeting
- employee relations
- market competition
Key Concepts
exploitation
cost leadership
social responsibility
Questions to Reflect On
- Is short-term profit worth long-term ethical costs?
- How can businesses balance cost and fair wages?
A Different Perspective
Low wages can damage reputation and long-term sustainability.
![“Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then [these?], any man might instantly use what another had invented; so that the inventor had no special advantage from his own invention. The patent system changed this…” quote by Abraham Lincoln](https://sms4smile.com/quotes/img-quotes/449/abraham-lincoln-88_adoption_next-came-the-patent-laws-these-began-in_1828.jpg)
