Wal-Mart has recently raised its health care options for its employees especially those at the bottom of the corporate ladder, the options will include a highly deductible health savings account which is a good way of insuring oneself especially if of young age and relatively healthy and at the same time want to protect yourself against any kind of catastrophic death which a person can contact. This means that the company is concerned about its junior staff and offers it good incentives and benefits which motivate them and make them remain in the company and grow in it.
Holman W. Jenkins pointed out that the front line of Wal-Mart haters is composed of members of unions who have maintained artificially high prices and wages for decades especially in the supermarkets. He further said that those unions have almost had no success in organizing Wal-Mart employees but instead they have witnessed Wal-Mart push into groceries which has evidently threatened their market position.
It is therefore clearly seen that much of the criticism drawn towards Wal-Mart is a form of special interest which is consciously and carefully calculated by people who have an ill motive against the company and finds ways of bringing it down. It is therefore evident that successful companies such as Wal-Mart cannot be a victim of such vested interests from its haters. It usually happens that the raise of new giants in the market not only disrupts the already established ways and systems in the market but also upsets the already established players.
It is also evident enough that Wal-Mart has never been shy of defending its rights but some of the calls made for example the call for the government to raise the minimum wage by the company’s CEO were without doubt addressed to the wrong people who instead of taking the move positively tries to criticize is so that the managers of Wal-Mart are seen to have ill or personal motives.
Customers of Wal-Mart do not need to be told what they like or should like in it, but the managers of the company should bear in mind that it is not the elites who the company has been seen to derive favor from rather it is the millions of the customers who shop in it and definitely who have made the company to what and where it is today. Managers should therefore maintain and improve the ways in which to entice customers so that they come back to shop with them. (Jones 20). Critics of Wal-mart having more market power in the country than other retail businesses say that market power is a misleading term for Wal-Mart.
It has been said that the company has the market power of disposable diapers in the country and control over 30% of the diaper market. According to anti-trust lingo, a company that sells 30% of disposable diapers takes control of 30% of the market but according to critics, they actually control nothing, they argue that if the company tries to rise the prices a little bit, they may end up selling 3% of the diapers that is if they are lucky enough, that is when they will discover that they are as disposable as the diapers and they had no control of the market after all.