I have researched this a little bit in the past, but could only ever get one sided information. If you have an opinion, let me know. Factual information is always good too.
2007-02-26 12:11:07 · 6 answers · asked by emaaaazing! 4 in Social Science ➔ Economics
Wilmar's drive to have every thing and make every thing cheep has resulted in many many small businesses closing. they never pay above min. wage unless you are a manager, and even then you make less than $25,000 a year. over 95% of their products are shipped from over seas so there are less factories in the US. if there are less factories in the US then there are less jobs in the US. Wilmar is a horrible company for the economy.
2007-02-26 12:35:03 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Walmart is a very complicated economic entity. Certainly they have a competitive advantage over a store trying to sell similair items due to their ability negotiate deeply discounted merchandise, and certainly middle class and lower class buyers can use this to their advantage by making their limited purchasing dollars go further.
So, what does that mean??? To me it means the consumer wins..as long as Walmart doesn't gain a local monopoly. Also, notice how many small business stores spring up around Walmart, granted they tend to be businesses who aren't competitors, but the traffic they gain from being near a Walmart means Walmart is actually helping some small businesses.
2007-02-26 13:16:16 · answer #2 · answered by tarnefar 2 · 0⤊ 0⤋
Walmart makes it very difficult for the mom and pop vendors to make a living. They buy merchandise in such quantities that they can buy it for less and therefore sell it for less. Their concept of one stop shopping has caught on and is somewhat ingenous...why look anywhere else? But it the same token, do not be mistaken, they are a large corporation and not very fair to their employees in a effort to make a buck. The recently have decided to cut back on full time employees and increase part time employees in an effort to save themselves money by not having to offer benefits to the part timers. The people that need the jobs the most and the benefits the most are again crapped upon and no longer to look to their employer to aid them in being self sufficient. Now these folks will again be searching for health care benefits and the like, back to the federal government for help for medical care, futher imposing a strain on the economy of our country. Sam Walton was a true pioneer, but I fear that if he were alive now, he would not be proud of the corporation as it exists.
2007-02-26 12:26:01 · answer #3 · answered by Steve's gal 2 · 0⤊ 0⤋
Walmart has a ying and yang effect. It is great for the average consumer looking to buy everyday iterms for day to day use. The downside is, they stiffle the small entrepeneur who is trying to make a name for himself. They buy in such volume that the local mom and pop stores can't compete and then they fold. The jobs that are gained by opening a walmart is only lost by the jobs that are lost by the local stores having to close up. The only way the local entrepeneur can make it on such a scale as walmart, is to market their items on HSN or QVC.
2007-02-26 12:22:08 · answer #4 · answered by letgo 4 · 0⤊ 0⤋
They do what every other corporation does (or tries to do) in a capitalist society: accumulate more capital.
2007-02-26 12:32:20 · answer #5 · answered by Gene 3 · 0⤊ 0⤋
Increase our reliance on cheap chinese goods which is bad for U.S. manufacturing.
2007-02-26 14:05:48 · answer #6 · answered by Andres 6 · 1⤊ 0⤋