Is Wal-Mart Good for America?
Wal-Mart is both good and bad for America in many different ways. Wal-Mart has cost people many jobs but it has also helped keep U.S inflation down. Wal-Mart also creates many jobs for people but does not pay those people at minimum wage, but at a lower wage. Also Wal-Mart gets there products from overseas causing a lower standard of living here. Wal-Mart also doesn’t offer their employees with health insurance. Wal-Mart has destroyed local businesses but it has also been a very successful company over 100 million shoppers per week in just the U.S alone. Wal-Mart is good but also bad for America because of these reasons.
Wal-Mart has helped keep inflation down in the U.S because it focuses on low costs and to give everyone the best prices. Wal-Mart has also been a very successful company because it has over 100 million shoppers per week. They have also had $256 billion in sales and having over 5,000 stores worldwide. Wal-Mart has also created many jobs for all the people working there and a study was also done where places with a Wal-Mart had a fast growing personal income, overall employment, and retail employee than places without one. Wal-Mart has also gives great benefits to its employees. Wal-Mart may have these great pros but there are also many cons on why it is not good for America.
Wal-Mart’s main focus is driving the massive overseas shift to China in the production of American consumer goods this results in thousands of jobs lost and also a lower standard of living here. Wal-Mart uses outsourcing to keep their prices down which effects the businesses around them because of the jobs lost. Wal-Mart also does not provide its employees with health benefits and pays them lower than minimum wage. Wal-Mart has destroyed many local businesses in the communities where it is located. This causes many jobs lost due to the Wal-Mart’s that are being built in different communities.
I think that Wal-Mart is good for America...
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