Wal-Mart Is Good For America Essay
727 Words3 Pages
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 642 Sam'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.
Running Head: WALMART Wal-Mart Corporation was founded in 1962 by Sam Walton. He had a dream to build a store that offered low prices. Now Wal-Mart is the world’s largest public corporation and has topped the Fortune Global 500 list for the sixth time. Wal-Mart has grown tremendously in the last fifty-one years. The company is now expanding locations all over, has new competition, and has faced some ethical issues. The first Wal-Mart store opened up in 1962 in Rogers, Arkansas. This store was opened up on Sam Walton’s foundations for the lowest price anytime, anywhere. By 1967, Walton had already opened up twenty-four stores and had profits of 12.7 million dollars in sales. By the 1970s, Mr. Walton had the store becoming national and widespread. At this time Wal-Mart had also started selling stocks. The first stocks were priced at $16.50 per share. Ten years after the first store had opened, Wal-Mart was now at 51 stores and sales were around 78 million dollars. By the 1980s, Wal-Mart had expanded to 276 different stores and employed 21,000 people. Technology also expanded with the store. Wal-Mart replaced cash registers with computerized point-of-sale systems. These provided faster and more accurate checkouts. By 1987, Wal-Mart had also expanded the communication systems. They installed the largest communication system in the US by linking all company operations through voice, data, and video communication. Over the years Wal-Mart continued to grow and was even put on the New York Stock Exchange list. In 1983, another store named after the founder, Sam Walton, was introduced. The first Sam’s Club was opened. Wal-Mart Corporation owns Sam’s Club and was now expanding two different stores. The first Wal-Mart supercenter also opened and it combined merchandise 2