Is Wal-Mart Good for America?
Wal-Mart is one of our nation’s largest retailers. It is known for its “incredible low prices.” Many American families relay on Wal-Mart for affordable shopping, claiming that the store saves them large amounts of money. Although this may be true for some Americans, Wal-Mart is at fault for many of the economic hardships that are dealt by many other Americans.
With the popularity of Wal-Mart growing, one would think that it is a manufacturers’ dream to sell and endorse their product threw Wal-Mart, but In order to keep their “incredibly low prices” Wal-Mart must be able to buy products form manufacturers at an even cheaper price than what they sell it for. This forces manufacturers to lower the cost of production, like reducing the quality of items and finding cheap labor (moving production to china).
Moving production to China is a lot less costly for manufacturers. The average salary in china is about fifty cents a day for production, in comparison to the U.S where the average salary for someone working in production is about eleven dollars an hour. The obvious thing to do is send your production overseas, leaving thousands of Americans unemployed.
This is such an ironic fact. It is very upsetting to see how people would rather save a few dollars than to save someone’s job. In my opinion it is a sick cycle, which enviably will reduce the standard of living in the United States. The individuals seeking to pay less for their purchases don’t realize the effect it has on the surrounding economy, including reduced wages, reduced community support, reduced business opportunity, reduced land values, reduced tax base, and ultimately lower standard and quality of living for most members of the community.
I personally think that Wal-Mart is a modern day monopoly. It kills the competition. This...