Its size, power, and low prices are what make Walmart so helpful to America. So why do some people think that Walmart is so bad for American people? (Found in Walmart Nation packet, which was given in class) Many people believe that this is a true debate. Everyone has his or her own point of view. If you think about it, is Walmart really good for America? Walmart has made many changes since it was first opened in 1962, by Sam Walton.
By the end of 2003, there were 2,551 Walmart stores in the U.S. and this is all including supercenters, Sam’s Club’s and the famous neighboring markets.(Found in Walmart Nation packet, which was given out in class) After going over all the facts, Walmart is good for America. Walmart is bad for America, as some say.
The Globalization packet that was handed out in class had many good points. It states that Walmart puts many smaller businesses out of service. A recent study by David Neumark of the University of California at Irvine and two associates at the Public Policy Institute of California, “The Effects of Wal-Mart on Local Labor Markets,” uses sophisticated statistical analysis to estimate the effects on jobs and wages as Wal-Mart spread out from its original center in Arkansas.
The authors find that retail employment did, indeed, fall when Wal-Mart arrived in a new county. It’s not clear … whether overall employment … rose or fell … But it’s clear that average wages fell. (Found off of a website on Google) Walmart workers do not get paid enough money either. The wages that Walmart employers are paid ranges from $7.50-$9.00, and that’s even when people have been working there for quite a while. (Found on Google) Wal-Mart wields its power for just one purpose: to bring the lowest possible prices to its customers. At Wal-Mart, that goal is never reached. The retailer has a clear policy for suppliers: On basic products that don’t change, the price Wal-Mart will pay, and will charge shoppers, must drop year after year.
But what almost no one outside the world of Wal-Mart and its 21,000 suppliers knows is the high cost of those low prices. Wal-Mart has the power to squeeze profit-killing concessions from vendors. To survive in the face of its pricing demands, makers of everything from bras to bicycles to blue jeans have had to lay off employees and close U.S. plants in favor of outsourcing products from overseas.
So yes, Walmart is bad for America. Walmart is why America is so rich. It is one of the most popular stores, and many Americans love it. It gets greater and greater every year. Walmart employs at least at least 1.2 million people globally. (Found in Walmart Nation handout) Walmart offers its low prices to help people who cannot afford what they need, get the supplies the have to have for their homes. Some say that Walmart has helped hold down the nation’s inflation rate. (Found in Walmart Nation packet) Walmart is also up to date with today’s latest technology.
They are the first to use the new handheld computers, which scan inventory’s barcode, to see when they should order the new stuff, the cost of the item, and how many are actually left in the store. Walmart also offers long-time benefits for its employers, like insurance, and discounts on its already low prices. In the Walmart Nation packet, it says if Walmart is forced to cut costs and improve efficiency, is that good for consumers and the economy in general. The answer to that question is yes, and its proven because the handout states that American economy contains lots of fat and anything that trims its beneficial in the long run.
So Walmart is very helpful to American economy, and is good for America. To end off this argument, Walmart is good for America. For example, like what was said above, it has low prices, great benefits, and improves the efficiency of the economy. To end this paper off, what was said to start this paper, is going to end this paper. So its size, power, and low prices are what make Walmart so helpful to America. People need to begin to realize that Walmart is a great company to have in American economy, and should always be kept there.