Wal-Mart and Human right
Prepared for
Prof. Pat
Stamford University
Bangkok, Thailand
Prepared by
Wanthana Pamee Student ID: 212310010 11/18/2014
Abstract
Introduction
Wal-Mart can be considered as one of the most successful retailer store which we can see it globally. In total the company has 3,868 stores in the United States and 5,651 stores in international market. According to the www.walmart.com , Wal-mart has earned 443, 854 million in sales all over the world. The products of the company are groceries, furniture, home improvements, auto and tires, clothing, electronics, dairy, gardening, auto
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The violations of the rules lead the company to the bad reputation and also make the company less credible. The violation provoke retaliatory action by many countries including, Thailand, China and Bangladesh. According the violation case in Thailand, Wal-Mart has loose trust and creditability. Thai Government and the Thai Frozen Foods Association (TFFA) have implemented many reforms to strengthen the process and monitor factories strictly. The enforcement of labor and occupational health & safety standards has been addressed as well. In addition, all the Shrimp producers and exporter to the USA need to follow TFFA's criteria as well as the standards established by the Global Aquaculture Alliance's Best Aquaculture Practices (BAP),included producers, importers, retailers and restaurant chains, certification system. (International Labor Rights Forum & Warehouse Workers United, 2013). In addition, Wal-Mart extremely violates the Thai law that the employer has to pay at least 75% of the daily wages. For this reason, there are many workers who cannot wait the payment left the factory for other employment as a result the company cannot produce the product on time that lead to low productivity and …show more content…
Wal-mart has been taken advantages to almost 48 countries all over the world. Some articles have shown that Wal-mart in Bagakadesh didn’t provide any benefits to the workers factories’ sizes are very large and none of the clinic are presented in the factory. To use the restroom, the workers must need to have a ticket and they count as a break time. In china, Wal-mart allows child labor and they have to work 19 hours straight in order to meet quotas. It is worst in china that workers cannot go to restroom without permission and emergency exits are normally locked. Wal-mart behavior is unacceptable and Wal-mart treatment of employees is horrible. Recommendations for the Wal-mart can be seen as
In the article Up Against Wal-Mart, Karen Olsson exposes the largest retailer in the world by listing many of the retailer’s flaws such as worker mistreatment and discrimination. Throughout the article, Olsson uses anecdotes from employees that have worked at the company and statistics to support her arguments. Ultimately Olsson’s piece serves to harshly criticize Wal-Mart due to low pay wages, unpaid overtime, and gender inequality. From the start, Olsson relies on actual employee interviews to support her arguments against Wal-Mart. By introducing Jennifer McLaughlin, a young woman who has been working for Wal-Mart for three years but makes under $17,000 a year, the author builds tension between the worker and the company.
Some people may wonder how, with such low prices, Wal-Mart can sustain such a large profit margin. Well according to Jim Hightower, that answer lies within Wal-Mart’s workforce. Hightower believes that Wal-Mart is tricking its workers into thinking they are, “one big, happy family,” when in reality those workers are being exploited. According to Jim, Wal-Mart is diverting their workers from the actual issues such as, “fair wages, hiring discrimination, or unionization.” This is backed up in the 2004 documentary aired by PBS called, “Is Wal-Mart Good for America?”
Is Walmart Good for America? Walmart has been in the media the past few years for its bad reputation with its working conditions. These terrible working conditions include, low wages, and insufficient health care benefits. The low wages that Walmart pays its employees aren't enough to support their families. If Walmart’s working conditions would improve, then Walmart would have the potential to be great for the economy, but at its current status, Walmart is detrimental to both America’s economy and working citizens.
Many corporations move to the mandate of a global capitalistic economy, and over the past quarter-century, several large multi-store retailers have experienced considerable growth. Wal-Mart is one of the leading industry giants with a presence in scores of markets that virtually all other vendors cannot compete. In a 2003 New York Times article “Ideas & Trends: Discount Nation: Is Wal-Mart Good for America?” Columnist Steve Lohrdec reported that “Wal-Mart points the way to a grim Darwinian world of bankrupt competitors, low wages, inadequate health benefits, jobs lost to imports and destroyed downtowns and rural areas across America.”
Some of these reasons why Walmart should cease to exist or only be given a limited amount of power over industry include taking jobs away from the American market, its effect on American businesses, and how they treat their employees.
The article “Labouring the Walmart Way,” author Deenu Parmar talks about how Walmart is able to achieve selling goods at a lower price then any average superstore. The author goes on to explain that Walmart’s antiunion efforts, employee selection, low prices and high retention rate all contribute to their major success. Walmart’s stance on ant unionism allows them to keep wage cost down and keep all their profits up. Not allowing a union keeps Walmart with the power to keep low wages and force unpaid overtime.
Even if the employees try to unionize and fight for their rights, Wal-Mart fights back on stopping any unions forming. On the other hand, David Leonhardt in Inequality Has Been Going on Forever…but That Doesn’t Mean It’s Inevitable explores on
Tedra Colzie American Intercontinental University Unit 5 Individual Project Principles of Accounting I (ACCT205 -1502A -03) May 18, 2015 Abstract This paper will give an accounting analysis of Walmart. This paper will cover Discuss methods used to account for assets, liabilities, and shareholder equity. It will also explain the company’s approach to internal controls, prepare and interpret the results of horizontal and vertical analyses of the financial statements and prepare and interpret the results of at least 5 ratios.
‘Is Wal-Mart Good for America?’ On PBS Frontline, May 11, 2015 ‘Is Wal-Mart Good for America?’ is a documentary that examines the relationship between Wal-Mart’s rapid growth and its impact on the US economy ever since it blossomed in trade productivity in the mid 20th century. The documentary, published on February 2014 by PBS Frontline, conveys a deep understanding of how Wal-Mart changed the living standards of many Americans and took consumerism and retail logistics in the U.S. to another level; by cutting costs through offshore outsourcing to China and employing cheap Chinese labor. The documentary focuses on the changing relationship between big retailers and manufacturers and the transition in pricing and decision-making.
In the essay titled “Labouring the Walmart Way”, author Deenu Parmar explains the unhealthy effects of Walmart, how to stop them, and the challenges of doing so. Parmar begins by detailing how Walmart has done little for local economies. By hiring financially vulnerable people, the franchise insures that no one would dare to unionize; thus ensuring employees will only earn the bare minimum, and thus out-competing local competition. Parmar also goes on to explain how a local community removed Walmart. They were able to do this through the use of fierce union protests that made the store unprofitable.
Walmart was founded in the summer of 1962 by Kingfisher, Oklahoma native Sam Walton. Although Walton’s original vision for the store was relatively modest, the half century since its founding has seen Walmart morph into one of the biggest companies in the world. Today headed by one Doug McMillon, Walmart boasts more than 5000 stores in the United States of America alone and employs more than 1.5 million people. Walmart is undoubtedly an American institution, yet each Walmart store feels like its own little country. Walmart seems to have its own laws and customs and the people who shop their on a regular basis appear almost primitive in their behavior as they go about raiding the store’s shelves and wrestling with fellow customers for discount flat screen televisions and bulk packages of two-ply toilet paper.
As customer service is essential to the success of any business, this had a significantly noticeable effect on Walmart 's bottom line. Walmart found that only 16 percent of stores were meeting the company’s customer service goals which lead to sales at stores falling for five straight quarters; the company revenue fell in 2015 for the first time in Walmart’s 45 year history as a publicly traded company. Determined to reduce this problem, the management staff at Walmart came up with an idea entirely out of the norm for a business staffed by a low-skilled workforce. The irony is this is a company famous for squeezing pennies so successfully that labor groups accuse it of depressing wages across the American economy. As an efficient,
Wal-Mart is a powerful and influential grocery store in America and even in the world. It has a good reputation in terms of convenience, variety and good value for money. The greatest strengths of Wal-Mart are “the consumer understanding of low prices, their market clout, their competence in information technology, and their wide store and distribution network” (Internal Analysis of Wal-Mart 2015). The company has built good reputation among consumers during several decades’
The push Walmart is making to build stores in Mexico, South America, and China means that Walmart management in those countries may face the temptation to bribe foreign officials to give Walmart preferential treatment to zoning and other matters that require foreign governmental approval (Ferrell 414). Walmart has already faced this issue with its Walmex branch of operations, which has been accused of bribing Mexican officials to streamline zoning and permit issues that are often more burdensome in Mexico than in the United States (Ferrell 414). Certainly bribery may be more common in the developing countries that Walmart intends to expand its operations into. Therefore, Walmart officials are likely to continue to face the issue of how to ensure that its management of overseas operations maintains ethical standards and avoids the temptation of bribing government officials to give Walmart preferential treatment (Ferrell
I. Introduction Walmart Stores, Inc. - the American corporation which was established in 1962, is well-know for the globe’s largest multinational retailer (Walmart 2016). Walmart owns a chain of grocery stores, discount department stores and hypermarkets with about 11,500 retail stores over 28 countries. In 1998, Walmart entered Germany with the acquisition of Wertkauf and Interspar chain (Louisa 2006). Despite having the strongest economy in Europe and the third largest retail market in the world, Germany was not an ideal place for Walmart to achieve its ambition (Knorr and Andt 2003). After nearly a decade struggling to grow, Walmart decided to pull out of German market in 2006 with the loss of one billion dollars (Mark 2006).