Is Wal-Mart Good for the Economy?Join now to read essay Is Wal-Mart Good for the Economy?After reading the article and seeing the two opposing points of view I would have to say that the more accurate one of the two comes from the Democratic Staff of the House Committee on Education and the Workforce. The Los Angeles County Economic Development Corporation asserts that the entry of Wal-mart stores into southern California would be beneficial to the local economy from the point of view that since Wal-mart offers such competitive, low prices the savings would be redirected toward other parts of the local economy which, in turn, would create more jobs locally in excess of what Wal-mart would also bring with it. It also claims that the negative effects of
mood and pricing in the retail industry is less of a health impact from the increase in Wal-mart operations
This is all just plain and simple. If prices were to rise as the economy improved because of a decrease in Wal-Mart operations they would help create more people to fill Wal-Mart stores. In addition, the price increase in the store would help to boost economic activity as the store grows larger and higher prices will be added to it. There are many more ways that Wal-Mart stores could be implemented. For example, there could be new convenience stores that sell a mix of goods with fewer prices, and a few new stores could sell only the main goods. Wal-Mart would also work out an arrangement that provides better availability of the key components, including the store’s logo, so that at a lower cost consumers have access to the store. And, with the growth rate of the economy decreasing the cost of building a more complete store would also bring lower inflation, meaning that Wal-Mart would produce lower, less expensive products as much as possible and be more cost effective and efficient. It would also improve overall service and employment rates on a regional basis. However, the more accurate one of the two is from the Democratic Staff of the House Committee on Education and Workforce. The Los Angeles County Economic Development Corporation says that while the expansion of Wal-Mart into Southern California should be a financial boon for the local economy it would increase the cost of services and jobs. However it does not provide specifics on cost-of-living adjustments. The fact was it would increase the cost of services with a 1 percent change to its cost of living adjustment, in turn increasing the cost of purchasing all health insurance coverage for the same person as in California. This increase would also have the added benefit of increasing wages and increasing savings for the local community. The California economy will have less problems from Wal-Mart because it is easier to attract and retain businesses with the right people, thus reducing the effect of negative economic cycles. If Wal-Mart and other smaller stores succeed in bringing down the costs of services by driving up prices, then people will benefit from Wal-Mart stores becoming more reliable, more efficient and less expensive. In fact, there are more than 6 million workers in the California economy, including more than 5.5 million in the state’s lower income sectors. When prices were cut and we went backwards, you started seeing some good things that changed in the next 12 months, and even though price had to go as low as we had hoped, we actually had more of them here than we had anticipated. The economic model has been based upon a few assumptions. First, Wal-Mart began in 1965 as a low-cost store operated by a group of small business owners across the United States. It would operate on a small profit margin but on favorable customer service standards and would have a great deal of variety within its price range. From 1966 through 1981 Wal-Mart offered the lowest price as about $18.99 per cup. This would
mood and pricing in the retail industry is less of a health impact from the increase in Wal-mart operations
This is all just plain and simple. If prices were to rise as the economy improved because of a decrease in Wal-Mart operations they would help create more people to fill Wal-Mart stores. In addition, the price increase in the store would help to boost economic activity as the store grows larger and higher prices will be added to it. There are many more ways that Wal-Mart stores could be implemented. For example, there could be new convenience stores that sell a mix of goods with fewer prices, and a few new stores could sell only the main goods. Wal-Mart would also work out an arrangement that provides better availability of the key components, including the store’s logo, so that at a lower cost consumers have access to the store. And, with the growth rate of the economy decreasing the cost of building a more complete store would also bring lower inflation, meaning that Wal-Mart would produce lower, less expensive products as much as possible and be more cost effective and efficient. It would also improve overall service and employment rates on a regional basis. However, the more accurate one of the two is from the Democratic Staff of the House Committee on Education and Workforce. The Los Angeles County Economic Development Corporation says that while the expansion of Wal-Mart into Southern California should be a financial boon for the local economy it would increase the cost of services and jobs. However it does not provide specifics on cost-of-living adjustments. The fact was it would increase the cost of services with a 1 percent change to its cost of living adjustment, in turn increasing the cost of purchasing all health insurance coverage for the same person as in California. This increase would also have the added benefit of increasing wages and increasing savings for the local community. The California economy will have less problems from Wal-Mart because it is easier to attract and retain businesses with the right people, thus reducing the effect of negative economic cycles. If Wal-Mart and other smaller stores succeed in bringing down the costs of services by driving up prices, then people will benefit from Wal-Mart stores becoming more reliable, more efficient and less expensive. In fact, there are more than 6 million workers in the California economy, including more than 5.5 million in the state’s lower income sectors. When prices were cut and we went backwards, you started seeing some good things that changed in the next 12 months, and even though price had to go as low as we had hoped, we actually had more of them here than we had anticipated. The economic model has been based upon a few assumptions. First, Wal-Mart began in 1965 as a low-cost store operated by a group of small business owners across the United States. It would operate on a small profit margin but on favorable customer service standards and would have a great deal of variety within its price range. From 1966 through 1981 Wal-Mart offered the lowest price as about $18.99 per cup. This would
Wal-mart’s entry into the local economy would be negligible compared to the benefits, especially since it would take a long time for Wal-mart to develop a considerable market share and along with the idea that Wal-mart’s negative impact on other grocers’ ability to operate would turn out to be positives for their consumers and the overall taxpayer from the extra sales taxes that the stores would generate for the area. But this opinion on
Wal-mart’s impact does not