A fascinating article about Wal-Mart from FastCompany:
There is no question that Wal-Mart’s relentless drive to squeeze out costs has benefited consumers. The giant retailer is at least partly responsible for the low rate of U.S. inflation, and a McKinsey & Co. study concluded that about 12% of the economy’s productivity gains in the second half of the 1990s could be traced to Wal-Mart alone.
via Dave Pollard.
Note: Originally posted to my Synop blog on January 30, 2004.