Walmart's Impact On The Economy Essay

Walmart originating in Rogers, Arkansas on July 2nd 1962. The company created by Sam Walton was soon to become the biggest dynasty in America along with the name brand of Sam’s choice. Walmart has an average of 130 million customers weekly and annual sales of over 250 billion. Walmart is not only known for the extremely low imported prices and goods but also has an extremely dark side most american people don’t know. In the time walmart had been a company there have been multiple lawsuits that are employee related and some involving discrimination. Although Walmart may positively affect the economy it can also completely destroy it.

Walmart has many different ways it impacts the economy, whether it’s positive or negative here are some reasons for positivity. “In a market economy, success goes to those that best serve customer needs.” (Semmens) which is implying walmart and it’s ability to satisfy the customer. One giant advantage that walmart has are low prices and Fisher 2
“Low prices benefit both the consumer and the overall economy, besides create a winning strategy for walmart.”

“Minimum wage across seas is around $42 a month” (Moberg) so no wonder they move their company’s out of country for less worker wages you have to pay. So along with cheaper wages walmart is allowed to lower the prices of goods since they are being shipped from foreign countries for half the price so “Walmart knocks out many local businesses, walmart opened 45 stores in Iowa and closed down 555 stores” (Moberg). Not only has walmart reduced our local Mom and Pop shops but also “Walmart has also quite likely reduced u.s. Employment throughout its extensive supply chain”. Working for walmart has its ups and down but one worker said “The work was hard, fast, and stressful, with constant pressure” (Moberg). So for the most part walmart is a pretty stressful place all about the easiest way to save