Wal-mart, the big bad wolf of the economy 1192 words | 5 pages wal-mart is one of the largest corporations in america today it serves to millions of consumers a day and is known for its motto “lower prices everyday. How wal-mart shapes the world david moberg april 19, 2011 will the economy follow wal-mart’s race to the bottom—or will social counterweights and other business models demonstrate a better way beyond its economic impact, wal-mart is notorious for censoring the books and recordings it stocks, excluding some presumably for.
It is estimated that wal-mart’s impact on prices accounted for 12 percent of the economy’s productivity gains in the 1990s 5 this also helped reduce the effect of the federal reserve’s inflation of the money supply.
Wal-mart facts » wal-mart employs more than 12 million people worldwide » the company has more than 3,000 stores and offices across the united states and more than 1,000 stores internationally. Finds that wal-mart has generated a positive net economic impact on the us economy by 2004, it is responsible for 210,000 net jobs, a level of total factor productivity (general economic efficiency of the economy) that is 075% higher by 2004 than it. University, “impact of the wal-mart phenomenon on rural communities,” 1997] this is largely why many businesses shut down entirely once walmart comes to town.
The only role left for an american is to buy a huffy bike at wal-mart today, some 95 percent of all bikes for sale in the us are made in china the story of huffy's demise doesn't end there. In 2007, wal-mart directly imported approximately $32 billion in merchandise from china that’s nearly 10% of all us imports from china the world’s biggest retailer, us-based wal-mart was responsible for $27 billion in us imports from china in 2007 and 11% of the growth of the total us trade deficit with china between 2001 and 2007. Exporting from china effecting us economy wal- mart is china’s seventh largest importer it bought $18 billion in goods from china in 2005 and $22 billion in 2006 more than 12 percent of china’s exports to the united states end up at wal mart stores according to china business weekly, “more than 70% of goods sold in wal-mart are made in china.
Walmart falls the middle of that range with $203,000 in sales per employee a far more frightening prospect for cities, in my opinion, is the impact of online retail amazon for example generates $696,000 in revenue per employee overall, i don’t see walmart being a net creator or sub-tractor of jobs on a macro level.
Wal-mart is good for the economy the major criticisms of wal-mart are without merit forcing them to lay off american workers and ship their jobs to foreign “sweatshops” it is estimated that wal-mart’s impact on prices accounted for 12 percent of the economy’s productivity gains in the 1990s 5 this also helped reduce the. The impact of which, on the american economy, cannot be over emphasized presently, wal-mart is serving more than 176 million customers a year and currently employs 21 million associates, 12 million in the us alone.
Wal-mart had 6,107 international stores at the end of fy2014 and total international sales of $1365 billion in 2014, or about $223 million per store wal-mart had 405 stores in china, with estimated total sales of $256 billion in fy2014, and total imports of $10 billion (reported as us exports in 2013 in table 1. Wal-mart’s increased trade deficit with china eliminated 133,000 manufacturing jobs, 68% of those jobs lost from wal-mart’s imports jobs in the manufacturing sector pay higher wages and provide better benefits than most other industries, especially for workers with less than a college education.
Walmart’s impact on america’s economy, environment, and communities university, “impact of the wal-mart phenomenon on rural communities,” 1997] this is largely why many businesses shut down entirely once walmart comes to town health care and taxpayers. Wal-mart was publicly traded in 1972, on the nyse located in 15 countries, with 8,986 stores, under 55 different names, wal-mart currently stands as the biggest private employer and the biggest grocery retailer in north america the impact of which, on the american economy, cannot be over emphasized. Wal-mart drives away good jobs—and in so doing, creates a new crop of low-income families who must shop at wal-mart in order to stretch every dollar what happened to huffy is, for wal-mart, a well-trod path.