Is Walmart Screwing Customers? Former Secretary Of Labor Says So - Nj.Com

The way we pay for goods and services has undergone a significant transformation in recent years, with various digital payment methods emerging as the preferred options. However, some small business owners are resistant to adapting to these changes, with Robert Reich, former Secretary of Labor under President Bill Clinton, being a notable exception.

Reich has accused Walmart of "price gouging," suggesting that the retail giant is taking advantage of inflation to justify price increases. In previous essays, Reich has argued that businesses have been using inflation as a cover to justify price hikes, and that the current inflation is not driven by an overheated economy, but by overheated profits.

Reich's accusations against Walmart are not isolated, as many other businesses have also been accused of engaging in similar practices. The rise of digital payment methods such as Venmo and mobile wallets has made it easier for consumers to split bills and make payments without the need for cash. However, some small business owners have expressed concerns that these new payment methods may lead to a decline in cash transactions, which could be detrimental to their businesses....

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