Is Walmart Good For America Essay

In July of 1962, what is now the largest revenue stream corporation in the world, Wal-Mart started with humble roots in Arkansas. Throughout its existence, Walmart grew at an exponential level that placed it to where it is today. Now making around five-hundred billion dollars in revenue a year placed it as the largest company in the world in-terms of revenue and the largest employer in the US. So, is Walmart good for America? Despite having large “hiccups” throughout its history, it is undisputed the beneficial impact Walmart had in the United States. Many people throughout the time of the largest retailers existence have argued that the negatives outweigh the positives. I beg to disagree, there are 1.4 million people employed by Walmart. That is approximately 1.7% of the US workforce. To put that in

Despite Walmart’s enormous, and beneficial, impact on the economy, people cite that when companies outsource, that includes child labour. In defense of other corporations, child labor has to do with culture, children choose to go to work because of their culture. In defense of Walmart, there has been no case of foreign child labour that was subsidised by Walmart. Child labour is often associated with clothing manufacturers such as H&M and Zara. Next, people cite the extremely low wages in other countries. However, outsourced countries like China, India, and Bangladesh, all have low GDP per capita. While the US may consider 1 dollar a day low, in the named countries, that’s average. As for the trade deficit, the fault is the US’s as much as companies. Trade deficits are determined by the difference between imports and exports, so while the corporations like Walmart may import a too much, the United States exports too little. In conclusion, child labor is not subsidised or supported by Walmart and low wages are normal within the countries that companies outsource