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Walmart effect on the us economy
Walmart effect on the us economy
Walmart effect on the us economy
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More handpicked essays just for you.
Walmart effect on the us economy
Walmart effect on the us economy
Walmart effect on the us economy
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Workers are asked to help after hours and are not being paid overtime. “Americans can’t live on Walmart paycheck” (Olsson 608). Even to this day workers are being paid the minimum and are forced to get a second job because it does not support them and their needs. “Walton paid his first clerks 50 to 60 cents an hour substantially below minimum wage at the time” (Olsson 611). This shows that Walmart has paid their workers at a low wage since the company’s beginning and has not improved.
Some people may wonder how, with such low prices, Wal-Mart can sustain such a large profit margin. Well according to Jim Hightower, that answer lies within Wal-Mart’s workforce. Hightower believes that Wal-Mart is tricking its workers into thinking they are, “one big, happy family,” when in reality those workers are being exploited. According to Jim, Wal-Mart is diverting their workers from the actual issues such as, “fair wages, hiring discrimination, or unionization.” This is backed up in the 2004 documentary aired by PBS called, “Is Wal-Mart Good for America?”
This statistic example has big number, and it is surprising to readers because Wal-Mart does not like to pay hard-working employees. Walmart owner Walton family scorn workers’ working, and Walton family does not realize labor consist his
They gain so much money and keep it to themselves, yet minimum wage is at $9 in the state of Texas. They are also wrongfully mistreating employees to the point of forcing them to quit their jobs. Sam Walton (the creator of Wal-Mart), would be so disappointed with the new way corporate has been treating their associates and customers.
Union Policy A lot of controversy has been raised around Wal-Mart because of the anti-union policy they have in practice throughout their corporation. The anti-union policy that Wal-Mart has in place, does not support the formation of unions, defined as groups created to help people voice their problem that have developed in the workforce, concerning wage, labor and safety laws. Wal-Mart is against the formation of unions and what the unions “fight” for. Some corporations are against unions, and some support them in belief that they workers can constructively change the way they are treated. Sometimes unions turn violent and protest the work force, this may be one reason that Wal-Mart has an anti-union policy.
Walmart runs a monopoly by using its wealth, popularity, size, and credibility (ethos) to beat the competition. That is hurting the economy and small businesses as a whole, hurting everybody except Walmart itself. Walmart has been accused of harming its employees by reducing wages, bad work hours, and reducing hours. Walmart has been reducing wages as stated in the documentary because if you miss a day you will get your pay reduced affecting everybody in the community (pathos). You can only miss 5 to 6 days every 6 months till they fire you, making it very difficult to do things with your community.
According to Businessinsider.com, Walmart has over 1.4 million employees in the United States alone. That’s a lot of people who are able to bring home money to their families every day. Despite the low salary and rumors of poor treatment of staff, people need money to survive in today’s society. Working at a Walmart can be a great step for working people to get the experience they need for higher paying positions.
bills. It could take workers months before returning back to work. Their families would have to struggle. For example, Wal-Mart is a company that denies health insurance to employees who work less than 30 hours a week. How does Wal-Mart expect employees to pay for their medical bills?
Walmart will be increased exposure of raising wages and high health insurance costs for all employees because the state government has increased the hourly minimum wage rate to $10.10 in 2017 and recently a number of U.S. cities have approved to increase minimum wage to $15 by 2020 (Emily & David, 2015). Even though, the corporation has announced its plan to raise the minimum wage to $10 an hour in 2016, they still have to face protests from labor union of demanding to raise its wages immediately (Connor, 2015). Eventually, it will pose great dangers to Walmart as they have to incur additional costs to raise its employees’ wages in order to retain their best talent employees who manage to assist the corporation to deliver a great shopping experience
Due to the fact that there are more customers, there must be more employees. However, Walmart does not offer their employees a health care policy like other companies do, the workers are usually force to use public assistance in order to take their job. As how it is stated, Walmart does have an awful health care policy. As records shows, since Walmart is so convenient, everyone goes there to buy all the groceries, it made a lot of small businesses to shut down. In the economy, Walmart takes over a large amount of customers who wants to buy products due to their low price.
Wal-Mart has faced numerous lawsuits for inequitable labor. The huge market enterprise values its employees with little respect. For example, it demands for long hours and overtime shifts to meet holiday sales. This is one of the reasons why the company has earned an outstanding profit over the decade. Yet, with all the affluence the company has, it still does not compensate for workers' healthcare benefits nor their low wages.
The difference between both turns out to be $1.40; it might not seem like a big difference at first glance. But if you were to take both wages and calculated how much an individual will earn for working 40 hours which is roughly the standard workweek, the $9.93 will earn almost $400.00 while the wage from Walmart will earn almost about $350.00. That’s about a $50 difference between the two wages which is a huge difference compared to the $1.40 when just comparing the two wages. The difference will obviously grow the more hours and weeks worked. This shows that the employees at Walmart are fairly underpaid compared to other companies that aren’t a big workforce like Walmart has been
The article “Labouring the Walmart Way,” author Deenu Parmar talks about how Walmart is able to achieve selling goods at a lower price then any average superstore. The author goes on to explain that Walmart’s antiunion efforts, employee selection, low prices and high retention rate all contribute to their major success. Walmart’s stance on ant unionism allows them to keep wage cost down and keep all their profits up. Not allowing a union keeps Walmart with the power to keep low wages and force unpaid overtime.
The company "Walmart" is one of the most influential companies in the retail trade. For over 10 years it became the largest chain of retail supermarkets in the United States. In addition, the position of Wal-Mart are strong and in other countries. "Walmart", since its foundation, pursues a strategy of low prices. This is the strategy through which it can offer products cheaper than other competitors.
For instance, the wage for a cashier is now $11.55 which is only slightly higher than the minimum wages of $11.40 in Ontario. This causes high turnover rate as a lot of staffs are working as part time and frequently quite due to the low pay. A recommendation for Walmart is to develop a formal human resource program and fair performance review process to manage employee compensation. When employees perform at a higher level, their pay rate may be justified according to their performance appraisals. Providing faster promotions is another way to keep people motivated and improve their performance.