So, Wal-Mart is good for most Americans by providing drop an average of 10 to 15 percent in markets than other retailer provender. For example, more than 30 percent the disposable diapers purchased in this country is sold in Wal-Mart stores. 30% hair care, 20% toothpaste, and 20% pet food purchase at Wal-Mart stores by American customers.
Walmart was founded in the summer of 1962 by Kingfisher, Oklahoma native Sam Walton. Although Walton’s original vision for the store was relatively modest, the half century since its founding has seen Walmart morph into one of the biggest companies in the world. Today headed by one Doug McMillon, Walmart boasts more than 5000 stores in the United States of America alone and employs more than 1.5 million people. Walmart is undoubtedly an American institution, yet each Walmart store feels like its own little country. Walmart seems to have its own laws and customs and the people who shop their on a regular basis appear almost primitive in their behavior as they go about raiding the store’s shelves and wrestling with fellow customers for discount flat screen televisions and bulk packages of two-ply toilet paper.
Is Wal-Mart Good for America? When people hear the word Wal-Mart, they usually think of low prices, convenience, and possibly a “one stop shop”. Most People believe the store is great, and in some aspects, it is, but what about the other aspects? I want to show you some of the downside of it, and how they hurt our economy, as well as our citizens.
This debate focuses on the importance of Walmart for the families and the economy of America. Richard Vedder and John Tierney were for the debate while Amy Traub and Nelson Lichtenstien are against it. In Richard’s opening statement, he praises Walmart and clear the poverty issues Walmart solves in the opening statement. Tierney addresses that Walmart saves and redistributes money from developed to developing countries. He touches on saying that many trial lawyers and unions target Walmart.
Wal-Mart and the local economy Walmart is a corporation that wants to make as much money as they can. Walmart employees are treated unfair and make a low salary what will not support family and necessities in life. Walmart also have negative affects upon other small businesses that are located next to the Walmart’s. Most of Walmart’s employees starts at minimum wage to less than nine dollars in hour.
Although Walmart displays less prevalence in the city of Saint Louis, Saint Louis harbors a multitude of Walmarts. Further investigating Walmart’s activities and presence in Saint Louis, there appears to be many double edge swords regarding whether the store has a positive or negative
Based on a systematic assessment, this paper examines the controversial relationship shared between the citizens of the United States and Wal-Mart. In the beginning, I believed Wal-Mart to be a positive force in the United States’ economy. From a consumer’s perspective, the company produces name-band goods and several services, at prices that other companies cannot afford to promote. However, most consumers do not realize how their purchases affect the overall job market and economy. For instance, with the increase in consumers who shop at Wal-Mart, the number of consumers who shop at local businesses and service providers have dramatically decreased.
Wal-Mart affects local economies by giving some positive and negative impacts. “That's in addition to another report earlier this month that made the assertion that the presence of a Wal-Mart and other big box stores breeds hate groups” (Dave Mielach). There is about 9,000 or more of Wal-marts worldwide and they have over 2 million local worker since 2013. There are also many retail prices for setting low prices to the impact of overstock goods. Wal-Mart gets lots of money from all the people who buy items from groceries, electronics, and many other items for stock and that’s put out to buy.
That makes shopping easy because you can get mostly everything in one store. 4. Most of the Wal-Mart stores are open 24/7, which is a good thing because you would not have to wait until a store open to going to it. 5. They have people throughout the store that can help a customer out if need to be.
The cons are that local businesses that sell the products sold by Wal-Mart are driven out of business. These businesses have lower revenues. For every gain in customer by Wal-Mart, local businesses lose out. Wal-Mart captures substantial portion of retail trade leading to bankruptcy of other retail businesses in the area.
Why is Wal-Mart successful? Arguably, because they have created the industry standard in supply chain management, vendor management, IT, and job satisfaction of associates creating the largest company in America. Their vast supply chain management and IT investments have truly separated Wal-Mart from all other competitors in their industry and arguably across all industries. They are the benchmark in which all others measure them in these areas. This is truly a result of an exceptional strategy that focused on Every Day Low Prices to streamline and develop efficiencies across their models.
Although Wal-Mart is exceptional in multiple aspects, we must also think about all the disadvantages within it. There are various little things such as not providing health care for their employees, the abundance of applications that don't get looked at, and employees not being able to establish a union. Now one must look at all the larger problems within Wal-Mart. Firstly, Wal-Mart carries almost everything but their employees do not know much about what they're selling. This is not valuable for someone trying to fix something within their home.
Walmart is a powerful entity with a whole host of allegations past and proven and pending. The consumer sees one side of the Walmart business and the employees and vendors see a whole other side. To the consumer =, Walmart presents itself as a money saver with the lowest prices and price matching. This makes consumers very happy to know they are saving money, time, and gas. By shopping under one roof.
I believe what drives people to Walmart is the convenience. Walmart builds up in small towns where low priced items are needed. Quality service usually comes from the small town business where your business is appreciated. At Walmart the employees are there for a pay check and that’s all. Another reason why people choose to shop at Walmart is the convenience of shopping at one store.
‘Is Wal-Mart Good for America?’ On PBS Frontline, May 11, 2015 ‘Is Wal-Mart Good for America?’ is a documentary that examines the relationship between Wal-Mart’s rapid growth and its impact on the US economy ever since it blossomed in trade productivity in the mid 20th century. The documentary, published on February 2014 by PBS Frontline, conveys a deep understanding of how Wal-Mart changed the living standards of many Americans and took consumerism and retail logistics in the U.S. to another level; by cutting costs through offshore outsourcing to China and employing cheap Chinese labor. The documentary focuses on the changing relationship between big retailers and manufacturers and the transition in pricing and decision-making.
