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DOLLAR STORES | The Inequality Behind Their Rise and Rebirth

Summary:
Why are dollar stores outperforming the rest of the market? the answer may just be inequality. let's dig into some economic theory and data to explain why these near-century old businesses are finding renewed success today! link to Thomas Piketty's "Capital in the 21st Century" below ⬇️ -- about: this is part of a series of long-form analyses of real-world economics and money topics, which i call "Cultural Capital IRL". but i also do short-form analysis of fictional businesses too (think Krusty Krab, Dunder Mifflin, Moe's Tavern, etc.), check it out here: https://tiktok.com/@thearmanmadani -- credits: - Capital in the 21st Century by Thomas Piketty on Amazon: https://amzn.to/3PqzEoe - propublica: "how dollar stores became magnets for crime" -

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why are dollar stores outperforming the rest of the market? the answer may just be inequality. let's dig into some economic theory and data to explain why these near-century old businesses are finding renewed success today! link to Thomas Piketty's "Capital in the 21st Century" below ⬇️

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about:

this is part of a series of long-form analyses of real-world economics and money topics, which i call "Cultural Capital IRL". but i also do short-form analysis of fictional businesses too (think Krusty Krab, Dunder Mifflin, Moe's Tavern, etc.), check it out here: https://tiktok.com/@thearmanmadani

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credits:

- Capital in the 21st Century by Thomas Piketty on Amazon: https://amzn.to/3PqzEoe

- propublica: "how dollar stores became magnets for crime" - https://www.propublica.org/article/how-dollar-stores-became-magnets-for-crime-and-killing

- american prospect: "dollar store workers organize for justice" - https://prospect.org/labor/dollar-store-workers-organizing-for-justice/

- department of labor: "federal investigation finds dollar general exposed workers to hazards despite citations, penalties" - https://www.dol.gov/newsroom/releases/osha/osha20220705

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chapters:

00:00 Thomas Piketty and inequality theory

00:55 history

02:12 success and present day

03:14 welcome to Toledo, OH - where dollar stores thrive

03:54 present day strategy and externalities

04:55 conclusions

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#culturalcapital #culturalcapitalIRL #economics
Thomas Piketty
Thomas Piketty (7 May 1971) is a French economist who works on wealth and income inequality. He is a professor (directeur d'études) at the École des hautes études en sciences sociales (EHESS), associate chair at the Paris School of Economics and Centennial professor at the London School of Economics new International Inequalities Institute.

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