logo image

Impacts of Wal-Mart on American Society and Economy

Wal-Mart – one of the most successful multinational companies based in United States. Since its establishment in 1962, Wal-Mart has been the epitome of a successful public corporation. Tagged as the “Giant Retailer”, Wal-Mart boasts itself for being able to offer the cheapest products in the market plus great number of stores all over the United States. The Giant Retailer topped the prestigious Fortune 500 Largest Publicly Traded U. S. Companies from 2001 to 2005 and in terms of revenue in 2008.

These only suggest how large is the scope of Wal-Mart’s operation in the domestic market of United States. Furthermore, Wal-Mart has been regarded as one of the top contributors of United States’ domestic production and so with its GDP. With the said large size of Wal-Mart, it employs workers roughly equal to 2 million by the first quarter of 2008 in the United States alone. In other words, the existence of Wal-Mart in the market provides stability for the labor sector of the United States since it offers tremendous amount of job opportunities to American pool of workers.

Members of the manufacturing industry rely much on Wal-Mart as it serve as the main distribution channel of most manufacturing businesses in

Need essay sample on "Impacts of Wal-Mart on American Society and Economy"? We will write a custom essay sample specifically for you for only $13.90/page

the market. From canned goods down to clothing, Wal-Mart almost has all what an average individual needs. Suppliers flock into the doors of Wal-Mart and almost one third of the U. S population, around 100 million populations, visits Wal-Mart stores every week suggesting how Wal-Mart already becomes part of every consumer’s life in the retailing industry.

Despite of the above achievements and importance of Wal-Mart to various sectors of the United States, many are claiming of mismanagement that happens inside the floors of Wal-Mart. Human Rights violations, workers that receives salaries less than the minimum wage rate, failure to provide employment benefits, and other controversies regarding the management process of Wal-Mart each emerges one after the other into the retail industry and media (Armour 1). Though Wal-Mart provides gains to the U.

S. economy in a form of providing job opportunities in the labor market as well as market for manufacturing businesses, still, many are claiming that Wal-Mart performs unfair market competition and causes market inefficiencies by abusing its market power over its competitors which oftentimes leads for small retailers to shut down their operations. All of this issue, alongside with the benefits that Wal-Mart offers to the U. S. economy will be tackled later on as the discussion progress.

Read full document

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register
Signup & Access Essays

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy