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Walmart Is Bad For The Economy Essay

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Walmart Is Bad For The Economy Essay
Walmart Bad For The Economy? Everyone loves Walmart, its cheap, it has just about anything anyone could need, and its very popular. However the super store is taking a huge toll on small business owners by running them into financial problems and damaging the local economy. “Wal-Mart store openings kill three local jobs for every two they create by reducing retail employment by an average of 2.7 percent in every county they enter.” (Popularresistance.org) Taking that into mind really shows what Walmart is doing to damage the economy but what they do to small business owners. After Walmart opened stores in Chicago, a quarter of the small businesses around the store closed due to financial woes. Having the store in small communities is terrible …show more content…
When people go shopping they’re more likely to just go to Walmart to get everything they need rather than stop at multiple stores. The fact that they even have a chain of smaller stores such as Sams Club makes competing with the store even more of a challenge. Although Walmart has many different policies to help small business owners in the economy. “To that end, Walmart has enacted policies actually designed to help small businesses: In Landover hills a DC suburb, the company has donated thousands of dollars to help small businesses advertise, and has offered free seminars and workshops for small business owners.” (intuit.com) Walmart is trying to help give back but the damage it does to the economy is already too much for small business owners to bounce back from. The effect Walmart has on small businesses has been negative for many reasons. A study was shown in 2008 that they took 3,000 random Walmart stores and found that each store caused a net decline of around 350 jobs. Given that statistic the audience can see that Walmarts are causing real life problems for business owners and the economy, many small businesses are being put out of business because they can’t afford the financial damage that the super store brings with it to a new
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