Wal-Marts of America
Powerful, rich, and greedy; these are the characteristics that define one of the most soulless corporations in small-town America, Wal-Mart. Wal-Mart is the largest private employer in the United States, with nearly 900,000 people working for Walton Enterprises. One of the most acknowledged keys to Wal-Mart's formidable success is its lower-than low cost of doing business. On a daily basis, people will come to Wal-mart to bargain for the best buy. Every aspect of Wal-Mart is straining to keep costs down, profits up, and growth exploding. Fourteen years ago, Wal-mart did not sell groceries. Now, thanks to their Sam's Club and Supercenters, Wal-mart is the nation's largest grocery chain; a worldwide giant that is so antiunion with 3,020 stores across the United States. Not one single Wal-Mart in America is unionized. Wal-Mart has indeed taken over the retail world. However, the question is vital, what happens when Wal-Marts come to small towns in America? When Wal-Marts come to small towns they destroy jobs rather than create them; the local economy suffers; downtown dies; taxpayers pay for the disaster; and then it moves on to plague other nearby towns. Wal-Mart profits well over $3.5 billion a year. W
Big-Box retailers like Wal-Mart significantly deteriorate local economies through the diminishing of what economists refer to as the "multiplier effect" (Stone 1993). In other words, money circulates in the regional economy when it is spent at locally owned businesses. As more money is circulated around town, jobs, sales, and revenue increase. Store business owners keep profits circulating through the local community and support other businesses. Yet, the money Wal-Mart drains out of the community does not come back. All the money that is spent at Wal-Mart gets plucked from the community and sent to corporate headquarters. Moreover, Wal-Mart purchases its insurance, legal and banking services through its corporate headquarters, not local providers. Wal-Marts have been known to destroy neighborhood grocery stores, hardware stores, bicycle shops, bakeries, record stores (independent as well), and all homegrown businesses that cannot compete with Wal-Mart's superior pricing practices. Wal-Mart has no mercy and Once Wal-Mart ruins a small town, they find the nearest town and affect it with their franchise. Wal-Mart Supercenters set to multiply from about 1,100 now to almost 1,900 by 2005 (BDFM 28). If a town declines to welcome Wal-Mart, the next town over will take it, pulling trade and tax dollars out of local coffers. A small town as no option, the terms are dictated by a global giant from afar. Big businesses will usually invest their money in big banks, taking it fa
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Approximate Word count = 997
Approximate Pages = 4 (250 words per page double spaced)
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