THE EFFECT Key & misinterpreted facts from: Charles Fishman’s ‘The Wal-Mart Effect’, 2006

MEET The world’s largest public corporation by revenue The largest private employer in the world The largest grocery retailer in the USA The largest toy seller in America Each year 93% of the American households do shopping in some Wal-Mart store at least once In 2006 around 7,2 billions of people will enter some of the Wal-Mart stores

The world’s largest public corporation by revenue

The largest private employer in the world

The largest grocery retailer in the USA

The largest toy seller in America

Each year 93% of the American households do shopping in some Wal-Mart store at least once

In 2006 around 7,2 billions of people will enter some of the Wal-Mart stores

MEANWHILE Wal-Mart was criticized by : Women’s rights groups Grassroots organizations Labor unions Community groups…

Women’s rights groups

Grassroots organizations

Labor unions

Community groups…

MEANWHILE Wal-Mart was criticized for : Extensive foreign product sourcing Low rates of employee health insurance enrollments Resistance to union representation Alleged sexism…

Extensive foreign product sourcing

Low rates of employee health insurance enrollments

Resistance to union representation

Alleged sexism…

G R O W T H 100 Wal-Mart stocks bought in 1970-1981 and kept for 15 years have a value of 150 000 USD 100 Wal-Mart stocks bought in 1970-1981 and kept for 20 years have a value between 300 000 and 1 700 000 mln USD 100 Wal-Mart stocks bought in 1981 and kept for 15 years have a value of 340 000 USD B U T… 100 Wal-Mart stocks bought in 1990 and kept for 15 years have a value of 20 000 USD (because Wal-Mart have hired thousands of new employees)

100 Wal-Mart stocks bought in 1970-1981 and kept for 15 years have a value of 150 000 USD

100 Wal-Mart stocks bought in 1970-1981 and kept for 20 years have a value between 300 000 and 1 700 000 mln USD

100 Wal-Mart stocks bought in 1981 and kept for 15 years have a value of 340 000 USD

100 Wal-Mart stocks bought in 1990 and kept for 15 years have a value of 20 000 USD

SO SIMPLE If you sell something at a really low price…

SO SIMPLE Wal-Mart will sell it even cheaper…

THIS IS ROBINA AKTHER She has worked at garment factory in Bangladesh

THIS IS ROBINA AKTHER She has sewed clothing for Wal-Mart… … working 12-14 hours a day

THIS IS ROBINA AKTHER Her wage was 14 cents / hour

THIS IS ROBINA AKTHER If she doesn’t sew 120 pants in an hour, her supervisor will beat her with the textile

THIS IS ROBINA AKTHER If she works like this for 50 years, she will earn a total of 16 200 USD. The Wal-Mart profit for 2005 is 19 597 USD…

THIS IS ROBINA AKTHER If she works like this for 50 years, she will earn a total of 16 200 USD The Wal-Mart profit for 2005 is 19 597 USD… … in a minute.

WHERE THIS POWER COMES FROM?

The Wal-Mart effect begins and ends in the store, while we do shopping.

This power comes from us.

Think before you go shopping in Wal-Mart next time.

Hristo Radichev [email_address] KonxOmpax.Wordpress.com