Wal-Mart has also caused the property value of buildings in these small towns they invade to plummet. When one of their Superstores sets up shop in town they can begin to count down the days until the small businesses are ran out; their properties become vacant, and depreciate in value because so many become unoccupied. They receive millions of dollars in subsidies to build in cities because the political leaders believe it will stimulate the economy. When in realty the money they invest in bringing in Wal-Mart is never returned into the community. They are often left with no choice but to give them the money to build within the city limits because nothing keeps this corporation from buying a plot of land just outside the city limits and acquiring the same profits with 0% of the sales tax going back into the town itself.
Matt Petz Petz 1 Wal-Mart: The Devil of Business Ethics Wal-Mart may seem like a great business with its low prices and friendly customer service, but behind the scenes it’s a different story. Many people are fooled by the commercials high lighting the endless job opportunities and the great benefits, when in reality Wal-Mart is robbing its employees blind. Their employees are faced with many problems because of their employer’s business procedures. Wal-Mart employees are only given health care opportunities they can’t afford, they are cheated out of vacation time and extra hours, and they are even turned down for better paying jobs within the company because of their age, sex, or race. Wal-Mart is a large monopoly that is rampaging through the world economy in disastrous ways.
Because of their consistently low prices on products, their competitors have lowered their prices in order to compete with Wal-Mart. In turn, this has driven overall prices down. Wal-Mart has also created many new jobs and increased tax revenues. Businesses that are located next to Wal-Mart stores have also benefited from them because customers who are shopping at Wal-Mart will stop at other businesses before or after shopping at Wal-Mart ("Walmartstores.com: Economic Opportunity"). Because of the impact Wal-Mart has had not only on the retail industry in the United States, but also globally, I think it is safe to say that Wal-Mart is a very secure company.
Wal-Mart a company recognize to all American’s as the place to save money & place to shop, but customers tend to forget how and why this is accruing and fail to realize they are being helped by a wal-mart slave/employee.Today’s society has grown accustom to the low prices offered everyday at the Shopping center not realizing they help contribute in decimating of other company’s & job’s. After carefully observing each source of these. Through this essay you’ll see how Wal-Mart work labor rules can be compared as modern day slavery. Also Wal-Marts negative econmic impact on United States Economy, Workforce, and Labor-Laws. Founded in 1962 by Sam Walton originally called “Wal-Mart Discount City Store” its original location was 719 W. Walnut Street in Rogers, Arkansas.
With the economy collapsing people are forced to shop for the lowest prices and work for anyone supplying job opportunities. Due to wal-marts size and assets the company makes it very easy to control the market with the lowest prices. Team two touches on several key areas; low health insurance for employees, low pay without the option of overtime, the hiring of illegal immigrants, and prohibition to create unions. All points mentioned cost money, money that is costing American citizens. Another large problem team two elaborated on is factories in foreign countries.
My reasoning for this was its taking away business from local grocery stores, taking away work, and so on. And this can be true, Wal-mart can run other stores out of business due to the low prices. But when I think about it that store could be run out of business by any other store if they get into a price war, people most of the time will choose the cheaper place to shop at. So then when you look at it at the price aspect, Wal-mart can be seen as a good thing for America. Wal-mart claims to have low prices always, and in the economy that's what Americans need, we need cheap affordable products.
onsumers by increasing the price of products sold to make up for the products lost. Increased prices may now cause consumers to travel and go elsewhere to purchase comparable items at a cheaper rate. Honest shoppers now fall into the same mistrust category as shoplifters because they cannot be distinguished easily from one another by the retailer. If a store has to close down because they can’t make any money then that cuts jobs. One store may not seem like a big difference, but when stores are closing every day because they can't maintain a stable business because of shoplifters it changes a lot for families everywhere.
Live better.” Wal-Mart believes that the lowest possible prices for consumers are good for America. Although the lowest possible prices on quality products are good for consumers, it is not good for America. First, Wal-Mart’s low prices put competing stores out of business. The RCA television-manufacturing plant in Circleville, Ohio is a clear example of this. This plant provided the city with good jobs, benefits and a good pay.
Company Q eventually listened and brought in a limited selection of products, but the customers found them to be to expensive to purchase. Knowing the economic status of the neighborhood their store was in, the customers did not feel that Company Q was being fair to them by supplying such high-margin items. Company Q’s was not socially responsible when they chose to allow their day-old food items to be thrown away instead of being donated to the local area food bank. They chose to show their distrust in their own employees, stating the possibility of the products to be stolen by their employees. Employees need to feel trusted and a valuable asset to the local grocery store chain.
Nowadays, the retail industry is targeting younger adults and senior citizens for hire and Wal-Mart is especially guilty for this. In reality it’s impossible to make a living working in retail and these targets are easy to manipulate. The majority of Wal-Marts goods are made outside of the U.S. and often in sweatshops. It’s displeasing and although the fine low prices are tempting, some customers will disappear because customers will feel terrible of workers treatment. Without customers, there is no business and this will hurt this large company in the long-term.