U.S. labor leaders will realize that automation can multiply man’s wealth far more rapidly than it is multiplying at present and that automation will leave all men free to search and research… Realizing the direct competition with foreign industry on a straight labor basis will mean swiftly decreasing wages per hour and longer hours and decreasing buying power of the public.
R. Buckminster Fuller
Kellogg’s and Campbell’s moats
Kellogg’s and Campbell’s moats have also shrunk due to the increased buying power of supermarkets and companies like Wal-Mart. The muscle power of Wal-Mart and Costco has increased dramatically. Charlie Munger