Wal-Mart does not benefit the American economy. It is a privately owned business that was established in 1962 by Mr. Sam Walton in Bentonville, Arkansas. Walton opened Wal-Mart as a one-stop shop providing services at unbeatably low prices. Wal-Mart has opened many stores, and its development dominating most parts of the American society. Arguments have been raised on the implications of these low prices to the U.S economy and its communities. Film maker Robert Greenwald highlights the impacts of Wal-Mart on small American societies in the film, "Wal-Mart: The high cost of low price." Greenwald has covered different aspects of Wal-Mart in the film like increasing government spending, eliminating small business and abuse of workers. According to Greenwald, overreliance on Wal-Mart has negatively impacted the American economy and society, both locally and internationally.…
1. The U.S. is in a shrinking economy. Many plants are closed and many people are unemployed. The big retailers change their suppliers from U.S. manufactures to the developing countries’ manufactures, which cost much less. The competition between the suppliers( manufactures) is more intensive. The supplier has less prower is retail business. The market is shift from supplier dependence to buyer dependence, which means the buyer/ retailer has more prower. They very know their customers’ needs and wants, and they determine what the manufactures should produce, including the specific product, the schedule, the quality, and the price. Retailers are now more powerful than manufacturers, and they are forcing the decision to move production offshore.2…
With Wal-Mart being so outrageously huge in this short of time, I believe that it has not yet settled into their customers why Wal-Mart is so cheap. Wal-Mart will replace higher wage jobs with lower wage jobs and require taxpayer assistance to keep Wal-Mart employees out of poverty. Numerous studies reveal that, contrary to the company's PR, Wal-Mart does not create new jobs when it comes to town. Wal-Mart simply replaces higher paying retail jobs with lower paying ones and, due to its adverse impact upon local businesses, may actually cause a net decrease in job numbers. The factories in China supply their employees with a whopping three dollars a day; employees work as much as 130 hours per week for wages averaging 16.5 ¢ per hour (below the minimum wage) and no health insurance. In the United States, an employee would be grateful if they were to make nine dollars and hour.…
When you hear the words low prices it is hard not to think of Wal-Mart. The company that revolutionized discount shopping. But what happens behind the scenes? How is it that the world’s largest retail chain can offer so many deals? In the last 20 years the anti-Walmart campaign seems to continuously be on the minds of many. Sebastian Mallaby and Karen Olsson share radically different views on the ethics of the Wal-Mart Corporation. In “Up Against Wal-Mart” we are forced to believe that Wal mart is a vicious company that shows no remorse when firing employees and cutting their benefits. The author produces factual information and eyewitness accounts pointing to these horrible deeds that the large corporation run by money hungry businessmen have cheated many employees out of proper wages, proper benefits and even their jobs. While Sebastian Mallaby depicts Wal-Mart like the average American company. In his article “Progressive Wal-Mart. Really.” He states that while Wal-Mart is responsible for many questionable deeds, they are merely doing what they have to in order to survive.…
Wal-Mart is now the largest grocer, largest retailer, largest corporation in the world. "If Wal-Mart was a nation, it would have a bigger economy than 80 percent of the world's countries"(Singer and Mason). About "138 million people go to one of Wal-Mart's 5,000 stores in the United States and nine other countries", and purchase more than $300 billion every year (Singer and Mason). With a 1.6 million global workforce, Wal-Mart has become the biggest private employer "in the United States, as well as in Mexico and Canada"(Singer and Mason). "Wal-Mart already has 11 percent of all U.S. Grocery store sales," and "by 2013 that figure is likely to rise to 21 percent"(Singer and Mason). As a big corporation, Wal-Mart insists on providing "everyday low prices". The affordable prices for families, which are offered by Wal-Mart, generates "significant savings for consumers on their grocery, apparel, and general merchandise spending, and the redirected spending from the savings" also creates a lot of jobs (LAEDC). All of the above facts shows that Wal-Mart is good for the economy and makes a great contribution to the society.…
Wal-Mart 's army of around 3,400 stores has created some job opportunities, but think of all the jobs lost due to choking out small locally owned businesses as well as the thousands of factory jobs lost due to Wal-Mart 's low production demands. Wal-Mart 's size, convenience, as well as its variety of over 120,000 items makes Wal-Mart a fierce competitor to any business. Due to Wal-Mart being built in the majority of cities and towns no matter the social status, many striving small businesses cannot compete with Wal-Mart 's unbeatably low prices and convenience and are forced to terminate their business. This may be an example of "survival of the fittest", but this process is hurting the economy. Eighty percent of Wal-Mart 's suppliers are from China and that means the more Wal-Mart 's there are, the more foreign products floating around, and less American made production (Is Wal-Mart Good for America). This lack of American production is what causes American factories to shut down leaving their employees without jobs. Even if these employees decided to work with Wal-Mart, they would make around half of their normal salary, as well as no pension, health care, or the job security benefits that have been the norm in factory work. "A…
My views on Wal-mart and the company's effect on the standard of living within the United States varies drastically. I do not think that it is possible to say definitively whether or not their practices are positive or negative when it comes to the effect they have on the standard of living, however, we can measure their effect based on what has been seen in the time they have been open and attempt to foresee a trend.…
Frontline offers two harshly contrasting images: one of Circleville, Ohio, where the local TV manufacturing plant has closed down; the other -- a sea of high rises in the South China, Shenzhen. For Wal-Mart, China has become the cheapest, most reliable production platform in the world, the source of up to $25 billion in annual imports that help the company deliver everyday low prices to 100 million customers a week. But while some economists credit Wal-Mart's single-minded focus on low costs with helping contain U.S. inflation, others charge that the company is the main force driving the massive overseas shift to China in the production of American consumer goods, resulting in hundreds of thousands of lost jobs and a lower standard of living here at home…
Wal-Mart preaches the fact that it possesses the lowest-priced goods. Though it may be true in most cases, it hurts local business.…
In 1988 Sam Walton founder of the greatest discount store of all time was awarded a title. Walton’s name was found in Times Magazine as most influential person to have lived in the 20th century. The founder of Walmart’s goal was to achieve having a store that provided“ a one stop shopping center, with an unlimited supply of product at unbeatable prices”. What Walton failed to foresee, was the destruction and, negative effects that his business would bring all over the globe. Is it possible that the biggest company in the world could bring harm to there own employees? The answer is yes; they would and continue to do so. They come into cities affecting a large amount of members in the communities; right after settling in they do a great deal of damage. Walmart is a supermarket that changed the industry of retail, though it ended up ruining the lives of thousands of hard working citizens. These people are Americans who want to keep a job but have to endure inexcusable treatment from Walmart. Employees have been treated so poorly that lawsuits and protestors around the world have come to stand outside of the nearest Walmart in town to protest. The negative affect of these huge supermarkets led to the spiral of many great pharmacy’s, clothing, hardware stores etc. These types of stores went down the drain as soon as “Big Walmart” came into town. Since the existence of Walmart it has challenged communities big or small to stay open and keep there employee’s wages down and there cost of merchandise down, leaving the other store owners with no profit forcing them to close down. This is the only way Walmart has operated and that’s lowering cost and making sure all other surrounding competitors shut down. Some do not speak up because as a consumer, they do not see a reason to why they should complain if what they are buying is a complete bargain. That way of thinking keeps many unemployed and many Walmart workers receiving the same…
We all want to do what is best for our families, our friends, ourselves and our country. However, our nation’s number one corporation is under constant ridicule for being a negative part of the American way. Wal-Mart is the overall number one on the fortune 500, over taking Exxon Mobile after a one year slip to the number 2 spot. However Wal-Mart is constantly being ridiculed by media and everyday citizens, its employees included. These opinions are often brought forth because of four major issues; the pay and benefits packages of Wal-Mart employees, the quality and buying of their goods from China, big box corporation killing local businesses ,and Wal-Mart taking jobs away and not creating new, stronger jobs .To answer each question I will use research from many different mediums, financial statements, and my personal experience as a three year Wal-Mart employee, and present facts and numbers that would be crucial in making an educated decision, following this information I will present what I believe is strong and weak about Wal-Marts current way of doing business, and then offer my solutions to answer these questions and answer the big question. Is Wal-Mart good or bad for America?…
As a customer, I think that Wal-Mart is bad for the America, because the Wal-Mart company hurts the local communities. Most people know that when Wal-Mart comes to town, the company outsources small businesses and shops. Wal-Mart does not rely affect small businesses, but it is a competition to other big department store. For example, in the film, “Wal-Mart: The High Cost of Low Price,” the documentary discusses that Wal-Mart is the largest company in America and it can put out other businesses like Target, Sears, or any other businesses. For these reasons, many business owners are worried that they may lose businesses because of Wal-Mart.…
Walmart being good for America is a controversial subject for many people. In my opinion, Walmart is more good for America in several ways. But in some ways it is also bad for America. It is good for the economy. Walmart is one of the biggest companies in America and it brings in a 35 thousand dollar profit.…
Is Wal-Mart Good for America? I feel Wal-Mart is not only good for America, it is great. Wal-Mart is the place to shop for all your needs over a wide variety of items. Besides the huge variety, Wal-Mart offers their products at everyday low prices. Wal-Mart is a haven for families who struggle to make ends meet, by giving them affordable deals they cannot find anywhere else.…
July 2nd, 1962 Sam Walton opened the first Walmart in Rogers, Arkansas. Walmart is a name that is commonly known in every household across the United States of America. It’s right around the corner to nearly all Americans and a haven for bargain hunters, so people think. Walmart brings jobs and helps the economy when they move to the area. This is another misconception Walmart wants you to believe. Walmart actually is doing the exact opposite. Sure it creates jobs, poverty level paying jobs with less than forty hours a week and no benefits. People who own and operate their own businesses, who actually stimulate their local economy, are at risk for going bankrupt and losing everything they have. Why would people want to spend money when they can get a similar product at Walmart for half the cost? There’s a simple answer to that question, people don’t want to spend money they don’t have to. Millions of people in the United States are living paycheck to paycheck working minimum wage jobs. These people can’t afford to buy products from a local family run store. The only places they’re able to go and get everything they need is Walmart and other big box businesses who can offer cheap…
