Timothy Noah Quote

Wal-Mart uses technology to increase sales volume, but the more it does so, the more it drives down profit margins - its own and everybody else's. The same logic does not appear to hold for Goldman Sachs.

Timothy Noah

Wal-Mart uses technology to increase sales volume, but the more it does so, the more it drives down profit margins - its own and everybody else's. The same logic does not appear to hold for Goldman Sachs.

Tags: sales, logic, down

Related Quotes

About Timothy Noah

Timothy Robert Noah (born 1958) is an American journalist, author, and a staff writer at The New Republic. Previously he was labor policy editor for Politico, a contributing writer at MSNBC.com, a senior editor of The New Republic assigned to write the biweekly "TRB From Washington" column, and a senior writer at Slate, where for a decade he wrote the "Chatterbox" column. In April 2012, Noah published a book, The Great Divergence, about income inequality in the United States.