Walmart's Economic Break Analysis
Walmart’s Economic Break?
In Neil Irwin’s article “How Did Walmart Get Cleaner Stores and Higher Sales,” there is discussion on whether or not Walmart’s corporate decisions to increase wages, offer better opportunities, and better training are an impact on the greater wealth of the economy. An experiment brought on by Walmart executives after noticing a significant decline in sales as well as store appearances. Irwin, who reports on economics for a living, put together an interesting article basically explaining how Walmart went from disgraceful looking stores to sales increasing and store appearances improving. Interesting that it only took them decades.
Walmart’s experiment of offering better wages and opportunities showed significant changes …show more content…
Quoting a woman by the name of Teresa Rasberry whom commented on how a display of coolers, grills, and folding chairs were set up in a Supercenter in Fayetteville. Which raises a question, do we buy items based off how items are being displayed? I have to say that it doesn’t matter what the display looks like, unless I really need it or have use for it chances are I will walk right past it. We don’t buy pop because the employees go out of their way to make cool displays, right? So I’d argue that Irwin needed to even go into detail about that.
Another major issue that Walmart faced was their advancement opportunities. They made the desire to work for one of the world’s largest known corporations unappealing; with their lack of career opportunities for employees. People aren’t just looking for a job where the starting pay is high, but whether or not it could lead them somewhere. Young high …show more content…
He gave insight to the vast decisions by Walmart executives to fix an issue they saw manageable. By offering these few incentives they were able to hire people who not only consider the job as a stepping stone, but possibly a career path. Irwin’s focus reflects on the greater good of the economy if other businesses like Walmart, were to climb on board and raise their wages and offer workers better incentives. The employment rate would turn around and people would be more inclined to get jobs and make themselves a career. Walmart did it and look at their sales and stores
In Neil Irwin’s article “How Did Walmart Get Cleaner Stores and Higher Sales,” there is discussion on whether or not Walmart’s corporate decisions to increase wages, offer better opportunities, and better training are an impact on the greater wealth of the economy. An experiment brought on by Walmart executives after noticing a significant decline in sales as well as store appearances. Irwin, who reports on economics for a living, put together an interesting article basically explaining how Walmart went from disgraceful looking stores to sales increasing and store appearances improving. Interesting that it only took them decades.
Walmart’s experiment of offering better wages and opportunities showed significant changes …show more content…
Quoting a woman by the name of Teresa Rasberry whom commented on how a display of coolers, grills, and folding chairs were set up in a Supercenter in Fayetteville. Which raises a question, do we buy items based off how items are being displayed? I have to say that it doesn’t matter what the display looks like, unless I really need it or have use for it chances are I will walk right past it. We don’t buy pop because the employees go out of their way to make cool displays, right? So I’d argue that Irwin needed to even go into detail about that.
Another major issue that Walmart faced was their advancement opportunities. They made the desire to work for one of the world’s largest known corporations unappealing; with their lack of career opportunities for employees. People aren’t just looking for a job where the starting pay is high, but whether or not it could lead them somewhere. Young high …show more content…
He gave insight to the vast decisions by Walmart executives to fix an issue they saw manageable. By offering these few incentives they were able to hire people who not only consider the job as a stepping stone, but possibly a career path. Irwin’s focus reflects on the greater good of the economy if other businesses like Walmart, were to climb on board and raise their wages and offer workers better incentives. The employment rate would turn around and people would be more inclined to get jobs and make themselves a career. Walmart did it and look at their sales and stores