Wal-Mart & Its High Price Essay - 1124 Words



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Wal-Mart & Its High Price

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Text Preview Picture this; you’re standing in a grocery store in a small town. You have always liked their prices and they are conveniently close to your house. The store has always had a plentiful amount of sales, but you notice there seemed to be more than usual, so you go and ask your friend who works as a cashier about them. To your surprise she tells you that the store will be closing in the next two months! When you ask why, she makes a face and says one word that will change your town forever, Wal-Mart. As a multi-billion dollar corporation, you would think that Wal-Mart would have good benefits, health care opportunities, and reasonable wages right? Wrong. Wal-Mart has changed many people’s lives for the worse. The saddest thing is not many people are doing anything about it. Wal-Mart is taking over towns, shutting down small businesses ranging from grocery stores to a hardware stores. Wal-Mart, according to fastcompany.com is “an entirely different order of being, and that it does more business than Target, Sears, J. C. Penny, Kmart, Kroger, and Safeway combined”. Due to the bulk of their goods being imported from China, this has caused unemployment rates to skyrocket. Along with the fact that they are a very antiunion corporation, this has caused them to limit benefits and health care, according to epi.org. In addition to these things are Wal-Mart’s ridiculously low wages for employees, even though Wal-Mart is one of the most successful businesses in the world. Wal-Mart has damaged America by shutting down small businesses, raising the unemployment rate, awfully low wages, and refusing union involvement, and these reasons are the reasons why you shouldn’t go there. According to theguardian.com Wal-Mart began as a small business in Newport, Arkansas in 1945 owned by a Sam Walton. Walton received a $20,000 loan from his father-in-law to start it and Walton implemented practices including; very low prices, wide range of products, and longer hours. As... Show More

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