Walmart. Big Bad Business
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Big Bad Business
It is hard to travel across the United States and not notice one of Wal-Mart’s huge supercenters. Wal-Mart’s ever growing popularity has skyrocketed the company to an enormous success. The first Wal-Mart was opened in Arkansas in 1962. Its owner, Sam Walton, had the idea to sell people everyday products for a little bit cheaper than other companies. Walton believed low prices all the time would bring many consumers to his stores, which proved to be correct. Wal-Mart has been able to sell products at such low prices because the company outsources most of its operations and creates relationships with its suppliers where they can control prices. Wal-Mart began to grow and eventually opened superstores across the country, because the stores sell everything from toys, to clothing, to food, and electronics, Wal-Mart has become known as “the one stop shop.” Though Wal-Mart has captured the hearts of so many consumers, the company still has much to do to convince others that Wal-Mart is beneficial to the world. Wal-Mart has negatively changed the ways of businesses and the overall economy over the years, Wal-Mart is harmful to the world, because it hurts communities by taking jobs away and pollutes the environment.
Wal-Mart damages communities by hurting small businesses and in turn creates diminishing employment rates. When Wal-Mart opens a new store in an area some people may feel relief because they believe Wal-Mart will create more jobs for the area. Although Wal-Mart creates jobs in communities, it also destroys them. Jobs are created briefly, but over time the job loss outweighs job creation. One economist, Emek Basker, studied the impact of Wal-Mart on job creation. Basker gathered data including the locations of stores, opening dates of stores, and information about communities economically before a Wal-Mart store came to a community and after. Basker examined the information and added many equations to better ensure fewer errors in her...