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Wal Mart Is A Good For America
Abstract The principal objective of this research paper is to demonstrate how several people have been impacted by the gigantic company Wal–Mart.
This paper explores an argument in favor regarding how the company has been performing its business and how thousands of individuals have
beneficiated from it. The factors will be explained in detail which will be leading us to the conclusion that Wal–Mart is creating a positive environment
throughout and every angle of society. Wal–Mart is Good for America Wal–Mart has been a huge part of America for a long time. The country would
not be the same without the company, since many individuals have enjoyed of the benefits it offers. One believes that the company has done its
business with care and responsibility. Many has recognized that Wal–Mart has a positive effect in communities. Progressively, Wal–Mart has achieved
goals that many other business have not. The company has traveled internationally having a great success around the world. By creating leadership
through service, one believes that Wal–Mart is Good for America. History of Wal–Mart Wal–Mart was founded by Sam Walton; his belief was to
provide "leadership through service." This is the principle on which Wal–Mart was built on; Sam Walton's intentions were to sell quality products at
low prices with an exceptional customer service. Sam Walton was born in 1918, and at 24 years of age he joined the Military. He was married to
Helen Thompson in 1943. After
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Is Walmart Good For America Essay
People know and choose Wal–Mart because of its daily low prices. Wal–Mart sells its bargains every opportunity it gets, and convinces customers
forgetting about everything except the low prices. Undoubtedly, Wal–Mart is one of the most successful corporations of all time. However, the
tremendous success of Wal–Mart certainly comes with a correspondingly massive amount of responsibility. The strategy of low prices usually comes at
a deadly unethical cost. Although some of its business practices such as "Low prices, always", and helping in saving money are ethical, most of its
business practices are unethical. Low employee wage is one of the unethical business practices that saves Wal–Mart's sufficient amount of costs. "The
dynamics that create lower prices at Wal–Mart and other places are also undercutting the ability of many, many workers to earn decent wages and
benefits and have a stable life"(Is Wal–Mart Good For America?, 2004). This giant wage–cutting business practice practically makes Wal–Mart
employees...show more content...
Utilitarianism is an ethical theory that the rightness or wrongness of a particular decision is based on the type of results. If the result maximizes
happiness or creates the most usefulness to both sides, the decision is ethical. Therefore, in Wal–Mart's case, employees would have to receive the
wages in a way that would allow them to live above poverty. Meanwhile, Wal–Mart is also successful in operations as well. However, Wal–Mart's
business practice is unethical because the decision of low wage does not maximize happiness for its employees. Although Wal–Mart gains a lot of
profits from this decision, many of its employees are being forced to suffer from poverty as a result. In order to act in a more utilitarian way,
Wal–Mart should not pay such low wage to its employees. The decision does not have best outcome and leads to poverty and strike of its employees,
even if Wal–Mart succeeds from
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Essay on Is Walmart Good?
Wal–Mart, the multi–billion company and the second largest employer in the world, is the most controversial corporation in the world. Wal–Mart is a
global powerhouse and affects many people around the world. Wal–Mart is constantly getting attacked from unions, human rights groups, small towns
and small businesses. Wal–Mart is accused of treating their workers poorly and driving small businesses out of business. But however these accusations
are false or over exaggerated. Wal–Mart offers families and low income people quality products. Also, they pay their workers competitive wages and
treat them with respect. Wal–Mart opens their stores in rural and under developed areas. Wal–Mart improves the lives of the people who live rural area
and...show more content...
Wal–Mart increase completion in the area where it is located and lower prices for all consumers. Without Wal
–Mart in these areas, prices will be higher
and consumers would pay more. Wal–Mart prevents monopolies from occurring and encourages competition which is a very important principle of
capitalism. Even Bruce Bartlett, a former deputy assistant secretary for economic policy at the United States Treasury department, talks about the
importance of Wal–Mart. He worries that all the backlash and this war against Wal–Mart by critics would negatively affect poor families who relies and
needs Wal–Mart (Maich 6). He continues that there is no one representing the people who benefit from Wal–Mart the most, the poor, in these debates.
(Maich 6) He concluded that "If you're stuck with a low income and you can reduce the amount you pay for basic items, then your real income goes
up" (Maich 6) This statement shows how Wal–Mart is a necessity for poor people and how it help poor people to save money. Thanks to Wal–Mart
people are saving money and could budget more for other items. Not only Wal–Mart is saving money for consumers, Wal–Mart creates jobs, improve
economic conditions and overall improve the areas in where they operate. Wal–Mart usually open in rural and down trotted areas. A perfect example is
Carol Foote. She and her friend Paula Beaulieu started a petition to open a
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Is Wal-Mart Bad For America? Essay
Wal–Mart Wal–Mart, a "Big–Box Retailer" employs more than 2.1 million associates worldwide and has two–thousand seven–hundred stores in the
United States with many more in Argentina, Brazil, Canada, Central America, Chile, China, Germany, Japan, Korea, India, Mexico, Puerto Rico, and
the United Kingdom, making Wal–Mart the largest retailer in the world. "Wal–Mart accounts for upward of 30 percent of U.S. sales, and plans to more
than double its sales within the next five years" (Lynn 29–36). Why is Wal–Mart so successful, and is Wal–Mart actually bad for America? Wal–Mart
was conceived and founded by Sam Walton in 1962, at Rogers, Arkansas. Sam Walton started with just a few small variety stores, funded with
borrowed money. His goal...show more content...
Tough times call for tough measures. Wal–Mart has started moving from higher priced national branded goods to cheaper alternatives. Wal–Mart has
even went to the extent of producing its own in–house brands such as Great Value, Ol' Roy, Sam's Choice, No Boundaries, Equate, EverStart,
Mainstays, and many others. Ol' Roy, a hard dog food, has become the United States' most popular brand of dog food since its creation in 1983. Ol'
Roy sales are about 20% higher than any other brand of dog food. Great Value food products where launched in 1993 and have become just as good if
not better than the national branded food stuffs. Great Value products are typically sold at a much lower price due to not having any marketing
expenses. "Combined, the improved product quality and the price advantage over the national brands bode well for current economic times" (Canning
20–26). Is Wal–Mart bad for America? Absolutely not. Wal
–Mart has lived up to Sam Walton's promise of affordable goods and services. Every day,
shoppers enjoy the low prices of the things they need. In a recent local survey Lisa of Sedalia, MO claims to save at least $1200 a year on prescription
medicine from Wal–Mart's pharmacy. Another shopper, found in the automotive corner of the store, stated that he saves approximately $300 dollars a
year on engine oil, spark plugs, filters, windshield washer fluid and wiper blades. These are certainly great savings, and many other people
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Wal-Mart Is Good For America Essay
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 the
American people? 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 August 31, 2014 there were 11,095, retail
Walmart stores and there were 642Sam's Club's. After going over all the facts, Walmart is good for America.
Walmart is bad for America, as some say. The Globalization essay 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...show more content...
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.
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Wal-Mart: Good Or Bad For America?
Wal–Mart was founded by Sam Walton, who would pick his competitors' innovations and sell it in his stores. It all began in 1945, when Walton
bought a variety store in Newport, Arkansas. Walton would buy his goods sold in his stores from chains like Sears and A&P, which distributed goods
to stores more efficiently, lowered prices to create more sales and profit. In 1970, Walton only had 32 stores open but as time went on Wal
–Mart
became more successful, and by 1990 there were about 1,528 in 29 states open. In 1992, Walton passed away which brought the downfall of the
company among its employees and shareholders. Therefore, Wal–Mart is bad for America because of low wages, illegal overtime, and job destroyer.
Americans are always shopping...show more content...
Wal–Mart knew that in the United States it would need to give the American workers more benefits which could lead to more costs. So, Wal–Mart
decided to expand to China, which brought lots of success. Although Wal–Mart can create products and sell them for a low price, this has affected
American job seekers looking for Employment. Wal–Mart is expanding throughout the world by created factories which could lead to the production
of goods for low prices. For example, "it is noted for highly sophisticated global inventory management as it brings to foreign markets quintessential
American values–Darwinian competition, every widening consumer choice, and increasing shareholder value" (Garten 24). Mostly, the people who are
benefiting from Wal–Mart's expansion throughout the world is only the customers and shareholders. The employees are suffering due to Wal–Mart
cutting the jobs in America and relying on other countries to do their production for them. Not only is Wal–Mart cutting jobs in America, they are
treating their employees in other countries harsh. For instance, "the Chinese garment workers are mainly migrants from farms, where earnings are even
worse than at Wal–Mart's subcontractors and where the labor is more grueling" (Mallaby 622). Wal–Mart is abusing other people from different
countries based on how the countries don't have enforced labor laws. Explains why Wal–Mart prefers to expand globally and move their production
facilities to other countries rather than the United
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Essay about Wal-Mart is Bad For America
In 1962, Wal–Mart opened their first store in Rogers, Arkansas. In 1970, Wal–Mart's first distribution center and home office in Bentonville, Ark. open
and Wal–Mart went public on the New York Stock Exchange. Just nine years from that, Wal
–Mart's annual sales exceeded one billion dollars. In 1988,
Wal–Mart super centers opened across the country. In a merely three years from that, Wal
–Mart opened their own store in Mexico City, Mexico;
making Wal–Mart an international corporation. Not even sixty years has past, and yet, Wal–Mart is over–powering our country.
"Wal–Mart Stores, Inc. is the world's largest retailer, with $285.2 billion in sales in the fiscal year ending Jan. 31, 2005. The company employs 1.6
million associates...show more content...
In the United States, an employee would be grateful if they were to make nine dollars and hour. With the economy in the United States, no person alone
could live even lower than comfortable on that pay.
Wal–Mart is destroying our, as Americans, culture and environment. Wal
–Mart destroys little shops from our towns, shops that were built by natives
and hard–working people. Shops that overcame hardships and reasonable competition are being torn apart one by one in order not to cause too many
people filing bankruptcy. Wetlands in America are not being taken care of, as they should. Wetlands are homes and safety nets for many animals.
Wal–Mart has destroyed many wetlands in order to build a store in some town people do not even want there.
In a state analysis, the Massachusetts Department of Health and Human Services found that in 2003, Wal–Mart covered only 52% of total health care
premium costs compared to K–Mart which covered 66%, Target which covered 68%, and Sears which covered 80%. Wal
–Mart takes advantage of
their employees and suckers them into their costly healthcare plans. But, if something happens to an employee, lets say two months after their hire
date, they will not be covered by any healthcare plan whatsoever. "Part–timersВ—anybody below 34 hours a week В– must wait 2 years before they
can enroll. Moreover, part–time employees are ineligible for family health care coverage. Full–time hourly employees must
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Walmart Impact On America Research Paper
Aaron Pontes November 5th, 2010 Economics Term PaperPeriod 11 Nowadays when a person is in need of some groceries, or even clothes, instead
of making multiple stops at diffrent outlets they visit their nearest Walmart. There are many opinions on how Walmart has impacted America in
various ways. One of the most popular contreversary is its effect on the economy. "Walmart does more for the average american than any other
company" (Ray Bracy, Troy 1 ). Walmart has left a positive impact on America at the local, regional and national level that has helped America grow
as a country within the economy, offering benefits to its employees and providing job aids for many americans. "There are a lot of people who hate
Wal–Mart....show more content...
In rural areas, the commercial boost was $74.1 million and 16.7 new stores on average.( Many can argue that Walmart has put many bussiness out
of business but yet it has done the complete opposite, it attracts more people to the stores that surround Walmart or are around them making it an
"economic generator" (Maich 2) and increasing their sales. Walmart has now become more popular with its benefits for Walmart workers." The
world's largest retailer is now offering its 1.4 million employees a college education. Through a partnership with American Public University,
employees can take online courses toward a bachelor's or master's degree. And Walmart will cover up to 15 percent of tuition." (Sanchez 1). This
new opportunity that Walmart offers to its employees has become a great attraction to many as a second chance is offered to many workers that have
lost faith in ever achivieng more than just a simple cashier, or a stock person." Brew says the company is putting $50 million into this project over the
next three years to make sure it succeeds. So far, only 400 Walmart employees have signed up, but the company intends to roll the project out slowly."
(Sanchez 3). Many employees may complain about their low wages or health benefits but they now have another door that opens for them, an
opportunity to get higher either in Walmart stores or even in another company. Therefore when the word "Walmart" comes to mind and we
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Walmart Is Good For The Economy Essay
Is Wal–Mart good for the U.S. Economy? This question seems to cross the mind of our citizens today. Whether it is a private entrepreneur, who may
be crowded out, or just an everyday local, we all have our opinions about the subject. Personally, I do not think that Wal–Mart is good for the U.S.
Economy. At least, not in the abundance that they appear in.
Wal–Mart's influence on the U.S. economy has reached levels not seen by a single company since the 19th–century rise of Standard Oil, economists
and historians say. Even if you don't shop at Wal–Mart, the retail powerhouse increasingly is dictating your product choices – and what you pay – as its
relentless price–cutting helps keep inflation low, hence the "roll–back" they promoted in store....show more content...
Although it is obvious to the naked eye that when we buy from Wal–Mart, the money is feeding back into our economy. The predicament that we are
in, is that so much of what we pay into Wal–Mart, goes back to other places, specifically China. It is not even close as to how many products in store
come from China, compared to the United States. The reason that I do not believe that Wal–Mart is a good thing for the U.S. Economy, is the simple
principle of "crowding out" the private sector. The difference being, that with the private, family owned stores, the jobs and products are more local
and come from within our country, so therefore it feeds more directly into our economy. Few companies have moved so far so fast. Founded 40 years
ago in rural Arkansas by Sam Walton, Wal
–Mart has swelled to 4,300 stores in nine countries and a net income of $16.1 billion in 2015. Its computer
network, a critical part of its success, rivals the Pentagon's. Everyone knows about Wal–Mart, but nobody realizes how immense they are and how
powerful they are at the same time. A study commissioned by the Los Angeles City Council in 2003, found that Walmart is a net loss for the
communities it moves into. An influx of "big box retailers" such as Walmart was
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Is Walmart Good for America
Is Wal–Mart Good for America? Currently Wal–Mart has 4,227 stores in the U.S and 3,210 internationally. Wal–Mart is the largest retailer in the world.
In 2004 Wal–Mart accounted for 6.5 percent of the retail sales. In 2004 Wal–Mart had 1.3 million employees (Emek Basker). Sam Walton, a former JC
Penney employee, started a small store named Walton's in Bentonville, Arkansas in 1945. It grew into a multi–million dollar retail company known as
Wal–Mart. Wal–Mart has done great things for consumers by keeping their prices low and affordable. They helped China create a middle class in their
economy because most of the goods sold at Wal–Mart are manufactured in China. Although those things are good, they come at a price. They have
...show more content...
When we moved those jobs a lot of them were forced to get jobs in retail. A lot of them went from making 60,000 dollars a year down to minimum
wage. The cost of living has gone down because the wages have gone down. When no one makes enough money to buy expensive things, one or
two things happen, either the existing businesses lowers their prices so that they'll still make money or low cost stores are created to
accommodate the living wage. The housing market most definitely goes down because no one can afford a house on a minimum wage. What they
did to our economy by leaving the U.S and manufacturing in China impacted our economy in a negative way and virtually did the opposite of what
they did for China's economy. Although we lost manufacturing jobs we gained service sector jobs however, there is a downfall to those jobs. The
consequences of creating a competitive retail market and keeping prices low resulted in jobs going to China. Some argue that the loss of those jobs
were inevitable and were due to a technological advancement more so than the retail market becoming competitive. Brink Lindsey in his article Job
Losses and Trade says "Between 2000 and 2003, manufacturing employment dropped by nearly 2.8 million, yet imports of manufactured goods rose
only 0.6 percent." As to say yes we lost a lot of manufacturing jobs but the imports from China didn't rise that much. I have to disagree with him. Yes we
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Is Walmart Good Or Bad For America Essay
"Is Wal–Mart Good for the U.S. Economy?" Why or why not? Wal–Mart is good for the economy because of their low prices, every dollar saved by
consumers that shop at Walmart lets them buy other items. When prices are lower the consumers' needs can be more fulfilled rather than when prices
are higher. Wal–Marts' size proves the success of their strategy and also benefits the economy. With Walmart growing into the largest business on the
planet it shows that it is accurately fulfilling consumer needs and efficiency. Wal–Mart helps people get more for what they pay for and provides jobs
for people willing to work. "It is making suppliers want to achieve greater economies in manufacturing". "New study finds Wal–Mart benefits rather
than...show more content...
Walmart also causes points in the economic system to shift where human labor is most valuable. Whenever there is new technology people are able
to produce more with less. Works Cited "Is Walmart Good for America." PBS. PBS, n.d. Web. 12 Apr. 2016. "Is Walmart Good or Bad for America? A
Debate: Events: The Independent Institute." Is Walmart Good or Bad for America? A Debate: Events: The Independent Institute. N.p., n.d. Web. 12
Apr. 2016. Riper, Tom Van. "Wal
–Mart Is Good For You." Forbes. Forbes Magazine, n.d. Web. 12 Apr. 2016. "Study Confirms That Walmart
Supercenters Have Positive Economic Impact in California." Study Confirms That Walmart Supercenters Have Positive Economic Impact in California.
Walmart, n.d. Web. 12 Apr. 2016. "The Ultimate Pro
–WalMart Article." Mises Institute. N.p., n.d. Web. 12 Apr. 2016. "Walmart Can Boost the
Economy." Guardian Liberty Voice. N.p., 21 Nov. 2013. Web. 12 Apr. 2016. "Wal
–Mart Is Good for the Economy | John Semmens." FEE Freeman
Article. N.p., 01 Oct. 2005. Web. 12 Apr. 2016. "Why Walmart Is Good for America." Washington University Political Review. N.p., n.d. Web. 12 Apr.
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Walmart Good Or Bad For America
If there was a choice for you as an American consumer between a Wal–Mart store that uses foreign goods and services over a local business that
purchases local goods and local services, which one would you choose? Thousands of people choose to shop at Wal–Mart every day, which isn't just
the world's largest retailer; it is the largest company in the global economy that brings the lowest possible prices to its customers. It has grown very
rapidly throughout the years, bringing great bargains to its customers. However, despite Wal–Mart's lowest prices, almost no one outside the world of
Wal–Mart and its suppliers knows the high cost of those good deals. To reach a nearly unapproachable goal, Wal
–Mart chose to avoid the United States'
products...show more content...
One of the primary reasons Wal–Mart owners purchase foreign–made goods is that those imports are often less expensive and have great bargains. In
the late 1970's and early 1980's, Sam Walton, the founder of Wal
–Mart, went overseas looking for goods to sell in Wal–Mart stores.1 "Low cost imports
from Asia became a vital compound of Wal–Mart's low opening price point strategy," says Hendrick Smith, an esteemed journalist from the New York
Times.2 Hendricks's research shows that Wal–Mart stores make more profit on the items manufactured in China than on items that are manufactured in
the United States. Other big brand retailers, such as K–Mart, Home Depot, Target, etc... have followed Wal–Mart's example and long since turned to
foreign production. Wal–Mart's power has made a tremendous impact on American made companies, giving them no other choice than to negotiate on
the very low prices for their products. Gary Gereffi, a Duke University professor who studies global supply chains, said in a PBS interview, "Wal–Mart
is one of the key forces that propelled global outsourcing – off–shoring of U.S jobs – precisely because it controls so much of the purchasing power of
the U.S. economy," Wal–Mart used its buying power to force local small businesses into squeezing their costs and keeping their profit margins very
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Is Wal Mart Good For America?
An Analysis of "Frontline: Is Wal–Mart Good for America?" Capitalism. It's one of the greatest systems for our nation. It can be argued that capitalism
is one of the ways that American's maintain their freedom from the government. When does capitalism turn to monopolization? In the United States we
have a free trade market. Even so, there are big corporations that seem to take over. Wal–Mart offers low prices, convenient locations, and access to
various products in the same location. Wal–Mart makes money and consumers get low prices. It would seem like a perfect relationship. When
something is too good to be true, it probably isn't, or in this case has unintended consequences. Wal–mart has grown significantly in the U.S since when
it was...show more content...
Most specifically is China. In fact, "If it were a nation, in and of itself, Wal–Mart would be China's eighth trading partner" (Matusitz and Leanza 192).
This is because wages in China are far less than the typical wages in America, resulting in much cheaper product costs. Smith says, "suppliers have told
us that they have felt real strong, particularly opening price point, pressure from Wal–Mart that has effectively forced them to make decisions to move
overseas" (26:37). Wal–Mart's suppliers are forced to manufacture products so as to make a profit. This has consequently resulted in the loss of
American manufacturing jobs. Not only have American jobs been affected but jobs overseas have been affected as well; "even bringing about the
apparently stunning spectacle of Wal–Mart caving in to unionization in China, globalization has only weakened the chinese working class" (Blecher
275). Workers in China now have a union but are still paid very little. Although they are paid very little, they have come to rely on whatever small
amount it is that they make. In an interview with Frontline, Donald Hay, owner of Hay's factory in China, says, "They[Chinese factory workers] want
to work. They want to earn the money. They want to get forward. And they will do anything to move forward" (Smith and Young 30:49). Earning
much less than a dollar per hour, the workers are motivated to work harder so they might be able to move
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Is Walmart Good For America
Wal–Mart, as the program said its "one stop, one shop" adding to that, Wal–Mart offers affordable prices that families cannot reject. Is Wal–Mart using
the correct tactic in producing these affordable items? No, Wal–Mart is not good for our economy. America's economy is supposed to be based on a
number of small companies but Wal–Mart doesn't give these small companies the opportunity to grow. Wal
–Mart is very superior compared to their
suppliers, what Wal–Mart proposes is what happens. If suppliers can't match the prices Wal–Mart gives to them, these supplier will be replaced very
easily. Since Wal–Mart is so huge, suppliers are not able to find other retailers to sell their products with and this leads suppliers to run out of business,
similar
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Walmart Is Bad For America Essay
Wal–Mart is one of the largest corporations today in America. It has been changing the lifestyles and economies of both America and China. However,
is it good for the economy? You can share either opinion in this matter depending on what your views are on it. I personally believe that it is pulling our
economy down with its cheap prices, and at the same time strengthening the economy of a communist country that could be a future threat to this
nation; China. Wal–Mart is a bad thing for this economy. Our country is based off an economy that supports small business and entrepreneurs.
Wal–Mart stunts and doesn't allow the growth of any small companies, because of their unbeatable prices. How are other people supposed to become
business owners? Wal–Mart is also bad for the economy because it doesn't provide adequate wages or healthcare. With employees being paid so little
they won't be able to spend as much which negatively effects the economy....show more content...
Because of their power and supremeness in the market, they can basically pick their price and if the supplier cannot match it, they find someone else
who can. Take Rubbermaid as an example. One of our own decent companies was almost put out of business because their prices were too high for
Wal–Mart, and so Wal–Mart found someone else. If there was more market segregation, Rubbermaid could have simply sold to other companies that
wanted their quality products. It is clear Wal–Mart does not support The US's economy, and all they want is whatever they will make the most profit
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Essay on Wal-Mart Good or Bad?
Wal–Mart: Good or Bad? The largest corporation in America with $378,799 million in revenues and employing 2,055,000 employees, Wal
–Mart has
become one of the greatest success stories in American history, but also one of the most controversial stories since Standard Oil (Fortune). But with all
big business comes critics. Today's critics suggest Wal–Mart unfairly uses it power of size, which is goliath, to exploit employees and impoverish
nations, ruin competition, and place undue pressure on the government. However, one item most critics fail to mention is that Wal–Mart creates
consumer welfare. Throughout this paper, I will analyze each criticism of Wal–Mart and sufficiently cite evidence proving the greater good that is
realized with...show more content...
However, this could not be more wrong. First off, all of the employees in other nations who flock to Wal–Mart's factories have the choice to do so.
Even though the wages paid in third world nations is inconceivable in United States, those wages will still increase the employee's income, which in
turn increases the employee's standard of living. The increases in standards of living will lead to economic innovations and increased productivity
/efficiency. This process of evolving mirrors that same steps that the United States went through in its early beginnings as well. Secondly, critics want
Wal–Mart to enforce labor laws in its overseas factories that are consistent with United States. However, Vedder refutes this demand stating, "We have
no more right to expect Wal–Mart to enforce Chinese labor laws than the Chinese have the right to enforce ours" (Vedder). Clearly, this criticism is
without reason and impossible. In addition, the regulations and laws in third world countries are not kept up to date as well as in America, not
everyone has a birth certificate or passport proving their age. It is unreasonable to assume that Wal–Mart would be able to verify the ages of every
single employee in Indonesia or China. (Vedder) Wal
–Mart is a Burden on Governments Critics, also, attempt to darken Wal–Mart's public image by
stating that they do not
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Is Wal Mart Good For America?
Ashley Casas
English 1302.S02
Professor Bazaldua
July 17, 2015
Is Wal–Mart Good For America?
Many people may ask the same question. "Is Wal–Mart good for the economy?" or even "What are Wal–Mart's standards for suppliers?" Wal–Mart
currently has over 4,000 stores in the United Stated and about over 3,000 internationally. As many people may know, Wal
–Mart is the largest retailer in
the world. In the year of 2004 Wal–Mart had accounted for 6.5 percent of the retail sales. The wellbeing and prosperity of specialists over their
production network is the Mindful Sourcing bunch 's top need, which may be the reason Wal–Mart suppliers are contractually needed to sign their
"Benchmarks for Suppliers" before they can even be endorsed to deliver stock available to be purchased at Wal–Mart. These Norms for Suppliers make
clear their essential desires for suppliers and processing plants in regards to the treatment of laborers and effect on nature. Suppliers are as well
needed to show the "Norms for Suppliers" in the nearby dialect in all industrial facilities where items have been made for them, so specialists know the
desires of suppliers and plant administration. In this case, many citizens may believe that Wal–Mart may be both good and bad for America in many
different ways. This store has been the cost of many people losing their jobs, but it has also helped keep the United States inflation down. Although
Wal–Mart does help create many jobs for people, it does not pay them at
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Is Wal-Mart Good for the Economy?
Debate Question: Is Wal–Mart Good for the Economy? Yes. Wal
–Mart is now the largest grocer, largest retailer, largest corporation in the world. "If
Wal–Mart was a nation, it would have a bigger economy than 80 percent of the world's countries"(Singer and Mason). About "138 million people go to
one of Wal–Mart's 5,000 stores in the United States and nine other countries", and purchase more than $300 billion every year (Singer and Mason).
With a 1.6 million global workforce, Wal–Mart has become the biggest private employer "in the United States, as well as in Mexico and
Canada"(Singer and Mason). "Wal–Mart already has 11 percent of all U.S. Grocery store sales," and "by 2013 that figure is likely to rise to 21
percent"(Singer and...show more content...
In addition, it is certainly true that the savings generated by Wal–Mart's low price provides individuals with employment opportunities. In the City of
Los Angeles, the total savings will be at least $668 million annually. The redirected grocery savings will "create 6,500 additional full–time–equivalent
jobs"(LAEDC). While "in Los Angeles County, the aggregate annual savings to consumers would be at least $1.78 billion"(LAEDC). "When the
savings are redirected to other purchases, the county–wide job creation will total 17,300 jobs"(LAEDC). And meanwhile, in Southern California, the
combined total annual saving of Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego and Riverside counties will be at least $3.76
billion, creating 36,400 jobs (LAEDC). According to Optician, in 2002, Wal–Mart employed "913 people in 35 optical outlets, with another five to
open by the end of" March. "If all the 50 planned centres open", it would be "taking on at least 1,000 employees". In "Wal–Mart's Urban Renewal",
CEO Lee Scott announced, "over the next two years Wal–Mart will open 50 stores
Get more content on HelpWriting.net
Is Walmart Good For America?
A fundamental point of economics; trade happens because both parties know they're getting the better deal. This drives the decisions of everyday
consumers when they take part economically. When people make these decisions at Walmart it is good for America because they pay well,
competition isn't necessary, and globalization helps everyone. A job paying minimum wage not only sounds unattractive, it is in many ways
considered unlivable(5). A family of four requires about 17$ an hour between two people to live (5). Walmart pays their employees 13$ on
average(1). If both parents work minimum wage jobs, they'll earn about 14$ per hour after tax; compared to Walmart providing one or both with 13$
an hour, enabling them to spend, as much as 3$...show more content...
Globalization. There is a large opportunity cost for lower prices; Walmart offsets this by always buying, or producing, from the cheapest option. By
outsourcing to specialized countries they provide both, for our domestic economy, and the economy of the specialized people in the trade. The quote
"If a factory in Mexico can produce it for cheaper, I would argue the company has a moral obligation to its customers – which typically are the poorest
demographic in the United States – to buy from it.(2)" puts it nicely. If Walmart can find a lower price somewhere, it will. Bringing it's money to
bear. This is all done with consideration to our well being. Walmart has enough money to pay themselves, their employees, pass more savings to
us, and then provide work to people across the world. By reaching out, more people have access to Walmart's affordable goods; this will provide
for many people who wouldn't otherwise gotten a chance. Walmart is good for America because, they give higher pay, they have the best prices for
everyone, and reach out globally to make better offers. They take much care of their craft. Personal experiences with Walmart have been positive.
Seldom has a problem not been solved within minutes, a price not satisfying, or a cheaper option overseas not taken. They know what they're doing,
and we benefit because of that. It's excellent to have such a widely available system that so many people can
Get more content on HelpWriting.net

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How Walmart Benefits Millions of Americans

  • 1. Wal Mart Is A Good For America Abstract The principal objective of this research paper is to demonstrate how several people have been impacted by the gigantic company Wal–Mart. This paper explores an argument in favor regarding how the company has been performing its business and how thousands of individuals have beneficiated from it. The factors will be explained in detail which will be leading us to the conclusion that Wal–Mart is creating a positive environment throughout and every angle of society. Wal–Mart is Good for America Wal–Mart has been a huge part of America for a long time. The country would not be the same without the company, since many individuals have enjoyed of the benefits it offers. One believes that the company has done its business with care and responsibility. Many has recognized that Wal–Mart has a positive effect in communities. Progressively, Wal–Mart has achieved goals that many other business have not. The company has traveled internationally having a great success around the world. By creating leadership through service, one believes that Wal–Mart is Good for America. History of Wal–Mart Wal–Mart was founded by Sam Walton; his belief was to provide "leadership through service." This is the principle on which Wal–Mart was built on; Sam Walton's intentions were to sell quality products at low prices with an exceptional customer service. Sam Walton was born in 1918, and at 24 years of age he joined the Military. He was married to Helen Thompson in 1943. After Get more content on HelpWriting.net
  • 2. Is Walmart Good For America Essay People know and choose Wal–Mart because of its daily low prices. Wal–Mart sells its bargains every opportunity it gets, and convinces customers forgetting about everything except the low prices. Undoubtedly, Wal–Mart is one of the most successful corporations of all time. However, the tremendous success of Wal–Mart certainly comes with a correspondingly massive amount of responsibility. The strategy of low prices usually comes at a deadly unethical cost. Although some of its business practices such as "Low prices, always", and helping in saving money are ethical, most of its business practices are unethical. Low employee wage is one of the unethical business practices that saves Wal–Mart's sufficient amount of costs. "The dynamics that create lower prices at Wal–Mart and other places are also undercutting the ability of many, many workers to earn decent wages and benefits and have a stable life"(Is Wal–Mart Good For America?, 2004). This giant wage–cutting business practice practically makes Wal–Mart employees...show more content... Utilitarianism is an ethical theory that the rightness or wrongness of a particular decision is based on the type of results. If the result maximizes happiness or creates the most usefulness to both sides, the decision is ethical. Therefore, in Wal–Mart's case, employees would have to receive the wages in a way that would allow them to live above poverty. Meanwhile, Wal–Mart is also successful in operations as well. However, Wal–Mart's business practice is unethical because the decision of low wage does not maximize happiness for its employees. Although Wal–Mart gains a lot of profits from this decision, many of its employees are being forced to suffer from poverty as a result. In order to act in a more utilitarian way, Wal–Mart should not pay such low wage to its employees. The decision does not have best outcome and leads to poverty and strike of its employees, even if Wal–Mart succeeds from Get more content on HelpWriting.net
  • 3. Essay on Is Walmart Good? Wal–Mart, the multi–billion company and the second largest employer in the world, is the most controversial corporation in the world. Wal–Mart is a global powerhouse and affects many people around the world. Wal–Mart is constantly getting attacked from unions, human rights groups, small towns and small businesses. Wal–Mart is accused of treating their workers poorly and driving small businesses out of business. But however these accusations are false or over exaggerated. Wal–Mart offers families and low income people quality products. Also, they pay their workers competitive wages and treat them with respect. Wal–Mart opens their stores in rural and under developed areas. Wal–Mart improves the lives of the people who live rural area and...show more content... Wal–Mart increase completion in the area where it is located and lower prices for all consumers. Without Wal –Mart in these areas, prices will be higher and consumers would pay more. Wal–Mart prevents monopolies from occurring and encourages competition which is a very important principle of capitalism. Even Bruce Bartlett, a former deputy assistant secretary for economic policy at the United States Treasury department, talks about the importance of Wal–Mart. He worries that all the backlash and this war against Wal–Mart by critics would negatively affect poor families who relies and needs Wal–Mart (Maich 6). He continues that there is no one representing the people who benefit from Wal–Mart the most, the poor, in these debates. (Maich 6) He concluded that "If you're stuck with a low income and you can reduce the amount you pay for basic items, then your real income goes up" (Maich 6) This statement shows how Wal–Mart is a necessity for poor people and how it help poor people to save money. Thanks to Wal–Mart people are saving money and could budget more for other items. Not only Wal–Mart is saving money for consumers, Wal–Mart creates jobs, improve economic conditions and overall improve the areas in where they operate. Wal–Mart usually open in rural and down trotted areas. A perfect example is Carol Foote. She and her friend Paula Beaulieu started a petition to open a Get more content on HelpWriting.net
  • 4. Is Wal-Mart Bad For America? Essay Wal–Mart Wal–Mart, a "Big–Box Retailer" employs more than 2.1 million associates worldwide and has two–thousand seven–hundred stores in the United States with many more in Argentina, Brazil, Canada, Central America, Chile, China, Germany, Japan, Korea, India, Mexico, Puerto Rico, and the United Kingdom, making Wal–Mart the largest retailer in the world. "Wal–Mart accounts for upward of 30 percent of U.S. sales, and plans to more than double its sales within the next five years" (Lynn 29–36). Why is Wal–Mart so successful, and is Wal–Mart actually bad for America? Wal–Mart was conceived and founded by Sam Walton in 1962, at Rogers, Arkansas. Sam Walton started with just a few small variety stores, funded with borrowed money. His goal...show more content... Tough times call for tough measures. Wal–Mart has started moving from higher priced national branded goods to cheaper alternatives. Wal–Mart has even went to the extent of producing its own in–house brands such as Great Value, Ol' Roy, Sam's Choice, No Boundaries, Equate, EverStart, Mainstays, and many others. Ol' Roy, a hard dog food, has become the United States' most popular brand of dog food since its creation in 1983. Ol' Roy sales are about 20% higher than any other brand of dog food. Great Value food products where launched in 1993 and have become just as good if not better than the national branded food stuffs. Great Value products are typically sold at a much lower price due to not having any marketing expenses. "Combined, the improved product quality and the price advantage over the national brands bode well for current economic times" (Canning 20–26). Is Wal–Mart bad for America? Absolutely not. Wal –Mart has lived up to Sam Walton's promise of affordable goods and services. Every day, shoppers enjoy the low prices of the things they need. In a recent local survey Lisa of Sedalia, MO claims to save at least $1200 a year on prescription medicine from Wal–Mart's pharmacy. Another shopper, found in the automotive corner of the store, stated that he saves approximately $300 dollars a year on engine oil, spark plugs, filters, windshield washer fluid and wiper blades. These are certainly great savings, and many other people Get more content on HelpWriting.net
  • 5. Wal-Mart Is Good For America Essay 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 the American people? 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 August 31, 2014 there were 11,095, retail Walmart stores and there were 642Sam's Club's. After going over all the facts, Walmart is good for America. Walmart is bad for America, as some say. The Globalization essay 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...show more content... 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. Get more content on HelpWriting.net
  • 6. Wal-Mart: Good Or Bad For America? Wal–Mart was founded by Sam Walton, who would pick his competitors' innovations and sell it in his stores. It all began in 1945, when Walton bought a variety store in Newport, Arkansas. Walton would buy his goods sold in his stores from chains like Sears and A&P, which distributed goods to stores more efficiently, lowered prices to create more sales and profit. In 1970, Walton only had 32 stores open but as time went on Wal –Mart became more successful, and by 1990 there were about 1,528 in 29 states open. In 1992, Walton passed away which brought the downfall of the company among its employees and shareholders. Therefore, Wal–Mart is bad for America because of low wages, illegal overtime, and job destroyer. Americans are always shopping...show more content... Wal–Mart knew that in the United States it would need to give the American workers more benefits which could lead to more costs. So, Wal–Mart decided to expand to China, which brought lots of success. Although Wal–Mart can create products and sell them for a low price, this has affected American job seekers looking for Employment. Wal–Mart is expanding throughout the world by created factories which could lead to the production of goods for low prices. For example, "it is noted for highly sophisticated global inventory management as it brings to foreign markets quintessential American values–Darwinian competition, every widening consumer choice, and increasing shareholder value" (Garten 24). Mostly, the people who are benefiting from Wal–Mart's expansion throughout the world is only the customers and shareholders. The employees are suffering due to Wal–Mart cutting the jobs in America and relying on other countries to do their production for them. Not only is Wal–Mart cutting jobs in America, they are treating their employees in other countries harsh. For instance, "the Chinese garment workers are mainly migrants from farms, where earnings are even worse than at Wal–Mart's subcontractors and where the labor is more grueling" (Mallaby 622). Wal–Mart is abusing other people from different countries based on how the countries don't have enforced labor laws. Explains why Wal–Mart prefers to expand globally and move their production facilities to other countries rather than the United Get more content on HelpWriting.net
  • 7. Essay about Wal-Mart is Bad For America In 1962, Wal–Mart opened their first store in Rogers, Arkansas. In 1970, Wal–Mart's first distribution center and home office in Bentonville, Ark. open and Wal–Mart went public on the New York Stock Exchange. Just nine years from that, Wal –Mart's annual sales exceeded one billion dollars. In 1988, Wal–Mart super centers opened across the country. In a merely three years from that, Wal –Mart opened their own store in Mexico City, Mexico; making Wal–Mart an international corporation. Not even sixty years has past, and yet, Wal–Mart is over–powering our country. "Wal–Mart Stores, Inc. is the world's largest retailer, with $285.2 billion in sales in the fiscal year ending Jan. 31, 2005. The company employs 1.6 million associates...show more content... In the United States, an employee would be grateful if they were to make nine dollars and hour. With the economy in the United States, no person alone could live even lower than comfortable on that pay. Wal–Mart is destroying our, as Americans, culture and environment. Wal –Mart destroys little shops from our towns, shops that were built by natives and hard–working people. Shops that overcame hardships and reasonable competition are being torn apart one by one in order not to cause too many people filing bankruptcy. Wetlands in America are not being taken care of, as they should. Wetlands are homes and safety nets for many animals. Wal–Mart has destroyed many wetlands in order to build a store in some town people do not even want there. In a state analysis, the Massachusetts Department of Health and Human Services found that in 2003, Wal–Mart covered only 52% of total health care premium costs compared to K–Mart which covered 66%, Target which covered 68%, and Sears which covered 80%. Wal –Mart takes advantage of their employees and suckers them into their costly healthcare plans. But, if something happens to an employee, lets say two months after their hire date, they will not be covered by any healthcare plan whatsoever. "Part–timersВ—anybody below 34 hours a week В– must wait 2 years before they can enroll. Moreover, part–time employees are ineligible for family health care coverage. Full–time hourly employees must Get more content on HelpWriting.net
  • 8. Walmart Impact On America Research Paper Aaron Pontes November 5th, 2010 Economics Term PaperPeriod 11 Nowadays when a person is in need of some groceries, or even clothes, instead of making multiple stops at diffrent outlets they visit their nearest Walmart. There are many opinions on how Walmart has impacted America in various ways. One of the most popular contreversary is its effect on the economy. "Walmart does more for the average american than any other company" (Ray Bracy, Troy 1 ). Walmart has left a positive impact on America at the local, regional and national level that has helped America grow as a country within the economy, offering benefits to its employees and providing job aids for many americans. "There are a lot of people who hate Wal–Mart....show more content... In rural areas, the commercial boost was $74.1 million and 16.7 new stores on average.( Many can argue that Walmart has put many bussiness out of business but yet it has done the complete opposite, it attracts more people to the stores that surround Walmart or are around them making it an "economic generator" (Maich 2) and increasing their sales. Walmart has now become more popular with its benefits for Walmart workers." The world's largest retailer is now offering its 1.4 million employees a college education. Through a partnership with American Public University, employees can take online courses toward a bachelor's or master's degree. And Walmart will cover up to 15 percent of tuition." (Sanchez 1). This new opportunity that Walmart offers to its employees has become a great attraction to many as a second chance is offered to many workers that have lost faith in ever achivieng more than just a simple cashier, or a stock person." Brew says the company is putting $50 million into this project over the next three years to make sure it succeeds. So far, only 400 Walmart employees have signed up, but the company intends to roll the project out slowly." (Sanchez 3). Many employees may complain about their low wages or health benefits but they now have another door that opens for them, an opportunity to get higher either in Walmart stores or even in another company. Therefore when the word "Walmart" comes to mind and we Get more content on HelpWriting.net
  • 9. Walmart Is Good For The Economy Essay Is Wal–Mart good for the U.S. Economy? This question seems to cross the mind of our citizens today. Whether it is a private entrepreneur, who may be crowded out, or just an everyday local, we all have our opinions about the subject. Personally, I do not think that Wal–Mart is good for the U.S. Economy. At least, not in the abundance that they appear in. Wal–Mart's influence on the U.S. economy has reached levels not seen by a single company since the 19th–century rise of Standard Oil, economists and historians say. Even if you don't shop at Wal–Mart, the retail powerhouse increasingly is dictating your product choices – and what you pay – as its relentless price–cutting helps keep inflation low, hence the "roll–back" they promoted in store....show more content... Although it is obvious to the naked eye that when we buy from Wal–Mart, the money is feeding back into our economy. The predicament that we are in, is that so much of what we pay into Wal–Mart, goes back to other places, specifically China. It is not even close as to how many products in store come from China, compared to the United States. The reason that I do not believe that Wal–Mart is a good thing for the U.S. Economy, is the simple principle of "crowding out" the private sector. The difference being, that with the private, family owned stores, the jobs and products are more local and come from within our country, so therefore it feeds more directly into our economy. Few companies have moved so far so fast. Founded 40 years ago in rural Arkansas by Sam Walton, Wal –Mart has swelled to 4,300 stores in nine countries and a net income of $16.1 billion in 2015. Its computer network, a critical part of its success, rivals the Pentagon's. Everyone knows about Wal–Mart, but nobody realizes how immense they are and how powerful they are at the same time. A study commissioned by the Los Angeles City Council in 2003, found that Walmart is a net loss for the communities it moves into. An influx of "big box retailers" such as Walmart was Get more content on HelpWriting.net
  • 10. Is Walmart Good for America Is Wal–Mart Good for America? Currently Wal–Mart has 4,227 stores in the U.S and 3,210 internationally. Wal–Mart is the largest retailer in the world. In 2004 Wal–Mart accounted for 6.5 percent of the retail sales. In 2004 Wal–Mart had 1.3 million employees (Emek Basker). Sam Walton, a former JC Penney employee, started a small store named Walton's in Bentonville, Arkansas in 1945. It grew into a multi–million dollar retail company known as Wal–Mart. Wal–Mart has done great things for consumers by keeping their prices low and affordable. They helped China create a middle class in their economy because most of the goods sold at Wal–Mart are manufactured in China. Although those things are good, they come at a price. They have ...show more content... When we moved those jobs a lot of them were forced to get jobs in retail. A lot of them went from making 60,000 dollars a year down to minimum wage. The cost of living has gone down because the wages have gone down. When no one makes enough money to buy expensive things, one or two things happen, either the existing businesses lowers their prices so that they'll still make money or low cost stores are created to accommodate the living wage. The housing market most definitely goes down because no one can afford a house on a minimum wage. What they did to our economy by leaving the U.S and manufacturing in China impacted our economy in a negative way and virtually did the opposite of what they did for China's economy. Although we lost manufacturing jobs we gained service sector jobs however, there is a downfall to those jobs. The consequences of creating a competitive retail market and keeping prices low resulted in jobs going to China. Some argue that the loss of those jobs were inevitable and were due to a technological advancement more so than the retail market becoming competitive. Brink Lindsey in his article Job Losses and Trade says "Between 2000 and 2003, manufacturing employment dropped by nearly 2.8 million, yet imports of manufactured goods rose only 0.6 percent." As to say yes we lost a lot of manufacturing jobs but the imports from China didn't rise that much. I have to disagree with him. Yes we Get more content on HelpWriting.net
  • 11. Is Walmart Good Or Bad For America Essay "Is Wal–Mart Good for the U.S. Economy?" Why or why not? Wal–Mart is good for the economy because of their low prices, every dollar saved by consumers that shop at Walmart lets them buy other items. When prices are lower the consumers' needs can be more fulfilled rather than when prices are higher. Wal–Marts' size proves the success of their strategy and also benefits the economy. With Walmart growing into the largest business on the planet it shows that it is accurately fulfilling consumer needs and efficiency. Wal–Mart helps people get more for what they pay for and provides jobs for people willing to work. "It is making suppliers want to achieve greater economies in manufacturing". "New study finds Wal–Mart benefits rather than...show more content... Walmart also causes points in the economic system to shift where human labor is most valuable. Whenever there is new technology people are able to produce more with less. Works Cited "Is Walmart Good for America." PBS. PBS, n.d. Web. 12 Apr. 2016. "Is Walmart Good or Bad for America? A Debate: Events: The Independent Institute." Is Walmart Good or Bad for America? A Debate: Events: The Independent Institute. N.p., n.d. Web. 12 Apr. 2016. Riper, Tom Van. "Wal –Mart Is Good For You." Forbes. Forbes Magazine, n.d. Web. 12 Apr. 2016. "Study Confirms That Walmart Supercenters Have Positive Economic Impact in California." Study Confirms That Walmart Supercenters Have Positive Economic Impact in California. Walmart, n.d. Web. 12 Apr. 2016. "The Ultimate Pro –WalMart Article." Mises Institute. N.p., n.d. Web. 12 Apr. 2016. "Walmart Can Boost the Economy." Guardian Liberty Voice. N.p., 21 Nov. 2013. Web. 12 Apr. 2016. "Wal –Mart Is Good for the Economy | John Semmens." FEE Freeman Article. N.p., 01 Oct. 2005. Web. 12 Apr. 2016. "Why Walmart Is Good for America." Washington University Political Review. N.p., n.d. Web. 12 Apr. Get more content on HelpWriting.net
  • 12. Walmart Good Or Bad For America If there was a choice for you as an American consumer between a Wal–Mart store that uses foreign goods and services over a local business that purchases local goods and local services, which one would you choose? Thousands of people choose to shop at Wal–Mart every day, which isn't just the world's largest retailer; it is the largest company in the global economy that brings the lowest possible prices to its customers. It has grown very rapidly throughout the years, bringing great bargains to its customers. However, despite Wal–Mart's lowest prices, almost no one outside the world of Wal–Mart and its suppliers knows the high cost of those good deals. To reach a nearly unapproachable goal, Wal –Mart chose to avoid the United States' products...show more content... One of the primary reasons Wal–Mart owners purchase foreign–made goods is that those imports are often less expensive and have great bargains. In the late 1970's and early 1980's, Sam Walton, the founder of Wal –Mart, went overseas looking for goods to sell in Wal–Mart stores.1 "Low cost imports from Asia became a vital compound of Wal–Mart's low opening price point strategy," says Hendrick Smith, an esteemed journalist from the New York Times.2 Hendricks's research shows that Wal–Mart stores make more profit on the items manufactured in China than on items that are manufactured in the United States. Other big brand retailers, such as K–Mart, Home Depot, Target, etc... have followed Wal–Mart's example and long since turned to foreign production. Wal–Mart's power has made a tremendous impact on American made companies, giving them no other choice than to negotiate on the very low prices for their products. Gary Gereffi, a Duke University professor who studies global supply chains, said in a PBS interview, "Wal–Mart is one of the key forces that propelled global outsourcing – off–shoring of U.S jobs – precisely because it controls so much of the purchasing power of the U.S. economy," Wal–Mart used its buying power to force local small businesses into squeezing their costs and keeping their profit margins very Get more content on HelpWriting.net
  • 13. Is Wal Mart Good For America? An Analysis of "Frontline: Is Wal–Mart Good for America?" Capitalism. It's one of the greatest systems for our nation. It can be argued that capitalism is one of the ways that American's maintain their freedom from the government. When does capitalism turn to monopolization? In the United States we have a free trade market. Even so, there are big corporations that seem to take over. Wal–Mart offers low prices, convenient locations, and access to various products in the same location. Wal–Mart makes money and consumers get low prices. It would seem like a perfect relationship. When something is too good to be true, it probably isn't, or in this case has unintended consequences. Wal–mart has grown significantly in the U.S since when it was...show more content... Most specifically is China. In fact, "If it were a nation, in and of itself, Wal–Mart would be China's eighth trading partner" (Matusitz and Leanza 192). This is because wages in China are far less than the typical wages in America, resulting in much cheaper product costs. Smith says, "suppliers have told us that they have felt real strong, particularly opening price point, pressure from Wal–Mart that has effectively forced them to make decisions to move overseas" (26:37). Wal–Mart's suppliers are forced to manufacture products so as to make a profit. This has consequently resulted in the loss of American manufacturing jobs. Not only have American jobs been affected but jobs overseas have been affected as well; "even bringing about the apparently stunning spectacle of Wal–Mart caving in to unionization in China, globalization has only weakened the chinese working class" (Blecher 275). Workers in China now have a union but are still paid very little. Although they are paid very little, they have come to rely on whatever small amount it is that they make. In an interview with Frontline, Donald Hay, owner of Hay's factory in China, says, "They[Chinese factory workers] want to work. They want to earn the money. They want to get forward. And they will do anything to move forward" (Smith and Young 30:49). Earning much less than a dollar per hour, the workers are motivated to work harder so they might be able to move Get more content on HelpWriting.net
  • 14. Is Walmart Good For America Wal–Mart, as the program said its "one stop, one shop" adding to that, Wal–Mart offers affordable prices that families cannot reject. Is Wal–Mart using the correct tactic in producing these affordable items? No, Wal–Mart is not good for our economy. America's economy is supposed to be based on a number of small companies but Wal–Mart doesn't give these small companies the opportunity to grow. Wal –Mart is very superior compared to their suppliers, what Wal–Mart proposes is what happens. If suppliers can't match the prices Wal–Mart gives to them, these supplier will be replaced very easily. Since Wal–Mart is so huge, suppliers are not able to find other retailers to sell their products with and this leads suppliers to run out of business, similar Get more content on HelpWriting.net
  • 15. Walmart Is Bad For America Essay Wal–Mart is one of the largest corporations today in America. It has been changing the lifestyles and economies of both America and China. However, is it good for the economy? You can share either opinion in this matter depending on what your views are on it. I personally believe that it is pulling our economy down with its cheap prices, and at the same time strengthening the economy of a communist country that could be a future threat to this nation; China. Wal–Mart is a bad thing for this economy. Our country is based off an economy that supports small business and entrepreneurs. Wal–Mart stunts and doesn't allow the growth of any small companies, because of their unbeatable prices. How are other people supposed to become business owners? Wal–Mart is also bad for the economy because it doesn't provide adequate wages or healthcare. With employees being paid so little they won't be able to spend as much which negatively effects the economy....show more content... Because of their power and supremeness in the market, they can basically pick their price and if the supplier cannot match it, they find someone else who can. Take Rubbermaid as an example. One of our own decent companies was almost put out of business because their prices were too high for Wal–Mart, and so Wal–Mart found someone else. If there was more market segregation, Rubbermaid could have simply sold to other companies that wanted their quality products. It is clear Wal–Mart does not support The US's economy, and all they want is whatever they will make the most profit Get more content on HelpWriting.net
  • 16. Essay on Wal-Mart Good or Bad? Wal–Mart: Good or Bad? The largest corporation in America with $378,799 million in revenues and employing 2,055,000 employees, Wal –Mart has become one of the greatest success stories in American history, but also one of the most controversial stories since Standard Oil (Fortune). But with all big business comes critics. Today's critics suggest Wal–Mart unfairly uses it power of size, which is goliath, to exploit employees and impoverish nations, ruin competition, and place undue pressure on the government. However, one item most critics fail to mention is that Wal–Mart creates consumer welfare. Throughout this paper, I will analyze each criticism of Wal–Mart and sufficiently cite evidence proving the greater good that is realized with...show more content... However, this could not be more wrong. First off, all of the employees in other nations who flock to Wal–Mart's factories have the choice to do so. Even though the wages paid in third world nations is inconceivable in United States, those wages will still increase the employee's income, which in turn increases the employee's standard of living. The increases in standards of living will lead to economic innovations and increased productivity /efficiency. This process of evolving mirrors that same steps that the United States went through in its early beginnings as well. Secondly, critics want Wal–Mart to enforce labor laws in its overseas factories that are consistent with United States. However, Vedder refutes this demand stating, "We have no more right to expect Wal–Mart to enforce Chinese labor laws than the Chinese have the right to enforce ours" (Vedder). Clearly, this criticism is without reason and impossible. In addition, the regulations and laws in third world countries are not kept up to date as well as in America, not everyone has a birth certificate or passport proving their age. It is unreasonable to assume that Wal–Mart would be able to verify the ages of every single employee in Indonesia or China. (Vedder) Wal –Mart is a Burden on Governments Critics, also, attempt to darken Wal–Mart's public image by stating that they do not Get more content on HelpWriting.net
  • 17. Is Wal Mart Good For America? Ashley Casas English 1302.S02 Professor Bazaldua July 17, 2015 Is Wal–Mart Good For America? Many people may ask the same question. "Is Wal–Mart good for the economy?" or even "What are Wal–Mart's standards for suppliers?" Wal–Mart currently has over 4,000 stores in the United Stated and about over 3,000 internationally. As many people may know, Wal –Mart is the largest retailer in the world. In the year of 2004 Wal–Mart had accounted for 6.5 percent of the retail sales. The wellbeing and prosperity of specialists over their production network is the Mindful Sourcing bunch 's top need, which may be the reason Wal–Mart suppliers are contractually needed to sign their "Benchmarks for Suppliers" before they can even be endorsed to deliver stock available to be purchased at Wal–Mart. These Norms for Suppliers make clear their essential desires for suppliers and processing plants in regards to the treatment of laborers and effect on nature. Suppliers are as well needed to show the "Norms for Suppliers" in the nearby dialect in all industrial facilities where items have been made for them, so specialists know the desires of suppliers and plant administration. In this case, many citizens may believe that Wal–Mart may be both good and bad for America in many different ways. This store has been the cost of many people losing their jobs, but it has also helped keep the United States inflation down. Although Wal–Mart does help create many jobs for people, it does not pay them at Get more content on HelpWriting.net
  • 18. Is Wal-Mart Good for the Economy? Debate Question: Is Wal–Mart Good for the Economy? Yes. Wal –Mart is now the largest grocer, largest retailer, largest corporation in the world. "If Wal–Mart was a nation, it would have a bigger economy than 80 percent of the world's countries"(Singer and Mason). About "138 million people go to one of Wal–Mart's 5,000 stores in the United States and nine other countries", and purchase more than $300 billion every year (Singer and Mason). With a 1.6 million global workforce, Wal–Mart has become the biggest private employer "in the United States, as well as in Mexico and Canada"(Singer and Mason). "Wal–Mart already has 11 percent of all U.S. Grocery store sales," and "by 2013 that figure is likely to rise to 21 percent"(Singer and...show more content... In addition, it is certainly true that the savings generated by Wal–Mart's low price provides individuals with employment opportunities. In the City of Los Angeles, the total savings will be at least $668 million annually. The redirected grocery savings will "create 6,500 additional full–time–equivalent jobs"(LAEDC). While "in Los Angeles County, the aggregate annual savings to consumers would be at least $1.78 billion"(LAEDC). "When the savings are redirected to other purchases, the county–wide job creation will total 17,300 jobs"(LAEDC). And meanwhile, in Southern California, the combined total annual saving of Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego and Riverside counties will be at least $3.76 billion, creating 36,400 jobs (LAEDC). According to Optician, in 2002, Wal–Mart employed "913 people in 35 optical outlets, with another five to open by the end of" March. "If all the 50 planned centres open", it would be "taking on at least 1,000 employees". In "Wal–Mart's Urban Renewal", CEO Lee Scott announced, "over the next two years Wal–Mart will open 50 stores Get more content on HelpWriting.net
  • 19. Is Walmart Good For America? A fundamental point of economics; trade happens because both parties know they're getting the better deal. This drives the decisions of everyday consumers when they take part economically. When people make these decisions at Walmart it is good for America because they pay well, competition isn't necessary, and globalization helps everyone. A job paying minimum wage not only sounds unattractive, it is in many ways considered unlivable(5). A family of four requires about 17$ an hour between two people to live (5). Walmart pays their employees 13$ on average(1). If both parents work minimum wage jobs, they'll earn about 14$ per hour after tax; compared to Walmart providing one or both with 13$ an hour, enabling them to spend, as much as 3$...show more content... Globalization. There is a large opportunity cost for lower prices; Walmart offsets this by always buying, or producing, from the cheapest option. By outsourcing to specialized countries they provide both, for our domestic economy, and the economy of the specialized people in the trade. The quote "If a factory in Mexico can produce it for cheaper, I would argue the company has a moral obligation to its customers – which typically are the poorest demographic in the United States – to buy from it.(2)" puts it nicely. If Walmart can find a lower price somewhere, it will. Bringing it's money to bear. This is all done with consideration to our well being. Walmart has enough money to pay themselves, their employees, pass more savings to us, and then provide work to people across the world. By reaching out, more people have access to Walmart's affordable goods; this will provide for many people who wouldn't otherwise gotten a chance. Walmart is good for America because, they give higher pay, they have the best prices for everyone, and reach out globally to make better offers. They take much care of their craft. Personal experiences with Walmart have been positive. Seldom has a problem not been solved within minutes, a price not satisfying, or a cheaper option overseas not taken. They know what they're doing, and we benefit because of that. It's excellent to have such a widely available system that so many people can Get more content on HelpWriting.net