Is Wal-Mart Bad For America?
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In 1962, Wal-Mart opened their first store in Rogers, Arkansas. In 1970, Wal-Marts first distribution center and home office in Bentonville, Ark. open and Wal-Mart went public on the New York Stock Exchange. Just nine years from that, Wal-Marts annual sales exceeded one billion dollars. In 1988, Wal-Mart super centers opened across the country. In a merely three years from that, Wal-Mart opened their own store in Mexico City, Mexico; making Wal-Mart an international corporation. Not even sixty years has past, and yet, Wal-Mart is over-powering our country.
“Wal-Mart Stores, Inc. is the worlds largest retailer, with $285.2 billion in sales in the fiscal year ending Jan. 31, 2005. The company employs 1.6 million associates worldwide through more than 3,700 facilities in the United States and more than 2,400 units in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea, and the United Kingdom. More than 138 million customers per week visit Wal-Mart stores worldwide.” (Walmartfacts.com)
With Wal-Mart being so outrageously huge in this short of time, I believe that it has not yet settled into their customers why Wal-Mart is so cheap. Wal-Mart will replace higher wage jobs with lower wage jobs and require taxpayer assistance to keep Wal-Mart employees out of poverty. Numerous studies reveal that, contrary to the companys PR, Wal-Mart does not create new jobs when it comes to town. Wal-Mart simply replaces higher paying retail jobs with lower paying ones and, due to its adverse impact upon local businesses, may actually cause a net decrease in job numbers. The factories in China supply their employees with a whopping three dollars a day; employees work as much as 130 hours per week for wages averaging 16.5 Ñž per hour (below the minimum wage) and no health insurance. In the United States, an employee would be grateful if they were to make nine dollars and hour. With the economy in the United States, no person alone could live even lower than comfortable on that pay.
Wal-Mart is destroying our, as Americans, culture and environment. Wal-Mart destroys little shops from our towns, shops that were built by natives and hard-working people. Shops that overcame hardships and reasonable competition are being torn apart one by one in order not to cause too many people filing bankruptcy. Wetlands in America are not being taken care of, as they should. Wetlands are homes and safety nets for many animals. Wal-Mart has destroyed many wetlands in order to build a store in some town people do not even want there.
In a state analysis, the Massachusetts Department of Health and Human Services found that in 2003, Wal-Mart covered only 52% of total health care premium costs compared to K-Mart which covered 66%, Target which covered 68%, and Sears which covered 80%. Wal-Mart takes advantage of their employees and suckers them into their costly healthcare plans.