Is Walmart Good for America

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Is Walmart Good For America? Walmart is an American multinational retailer with over 8,500 stores across fifteen countries. It is the third largest public corporation in the world according to the Fortune Global 500 list in 2012. It is also the biggest private employer in the world with over two million employees. Headquartered in Bentonville, Arkansas, Walmart’s annual revenues are as much as 448 billion dollars. Needless to say, the above facts indicate why its policies are topic of public interest. Walmart is the retailer that has reversed a hundred-year history that had the retailer dependent on the manufacturer. Walmart decides the price of a product, don’t bargain, says the manufacturers. This explains the dominance of Walmart over its suppliers. This dominance of Walmart over suppliers has left them (suppliers) only option to flee to some Asian country like China to bring down their manufacturing costs. Of over six thousand suppliers for Walmart, over 80% are based in China. This directly impacted thousands of workers in USA, who lost their jobs. Some of the economists feel that Walmart has done more harm than good to the Americans. Some other economists argue that Walmart’s strategy of keeping prices rock bottom helped middle-class Americans to improve their life standards by saving money on most consumer goods. They also argue that, money saved would be used to buy some other luxury items, there by increasing jobs in some other sector. However are the arguments of economists, there is still a mystery about the question – Is Walmart good for America? This issue started from the day US and China have signed a free trade agreement in the year 2000. US felt that they would get benefited from the market of 1.2 billion Chinese people for the American products. When it came to reality, the situation is opposite. Today, USA is in a deficit of over 295

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