Are Wal-Mart's Low Wages A Drag On The Economy

Submitted By JerryChou1

Words: 317

Pages: 2

Open Document

Are Wal-Mart's Low Wages A Drag On The Economy? New Report Says Yes

According to a study released by Congressional Democrats, U.S. Senator Bernie Sanders argued that the minimum wage should be raised, because the nation's largest private employer Wal-Mart-- routinely pays such low wages .Wal-Mart’s poverty wages are so measly that many of its workers are forced to rely on food stamps, Medicaid and other government aid programs to survive, which costs the American taxpayer over $0.9 to $1.75million per year per store.
This new report is more proof that the minimum wage should be increased for all Americans, not only because it calculated just how much government aid Wal-Mart workers are forced to rely on, but it also determined the staggering amount American’s are paying in taxes to subsidize Wal-Mart’s profits.
However, in my opinion, Wal-Mart pays "crappie wages" because their employees accept, and agree to work for "crappy wages." Probably one reason they DO accept such wages is BECAUSE they can get government welfare benefits. Who would take a job that does not pay enough to cover their bills? If someone takes such a job they won't keep it for very long if they can't survive on the pay. Welfare warps the labor market. It isn't that Wal-Mart is "costing taxpayers" with their low pay. The Welfare State is Allowing Wal-Mart to pay such low wages. Wal-Mart is simply playing the game that was mostly designed by Democrats.

Citation
Heller, Laura. "Are WalâMart's Low

Essay on Wal-mart and Wal-mart Global Discount

Wal-Mart Global Discount Retailer moves from Brink and Mortar to Click and Mortar Since San Walton opened his first store in 1962, Wal-Mart has grown into a global retailer with more than 4,000 store in the United States and more than 6,000 internationally.1 Wal-Mart’s mission statement “We save people money so they can live better”, does not elude to where its strategic focus areas are, but it does sound good for the average customer who has a limited budget. According to Wal-Mart…

Words 767 - Pages 4

Wal-mart and Wal-mart Business Summary Essay

Wal-Mart Business Summary & Financial Health Wal-Mart Stores operates retail stores in various formats around the world. In the United States, Wal-Mart’s operation includes discount stores, supercenters, neighborhood markets, market-side, and Sam's Clubs. Its international division consists of operations in Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The company is headquartered…

Words 1130 - Pages 5

Wal Mart Essay

Wal-Mart Essay Wal-Mart is one of the largest companies in the United States. There are many different opinions people hold about whether or not Wal-Mart is good or bad for our nation. In my opinion, I believe that Wal-Mart is both good and bad for our economy. First of all, I feel that Wal-Mart is positive for our economy because they have the lowest prices. Wal-Mart has opted to ensure that their prices are as low as can be and they have done a fantastic job keeping their promise true. Wal-Mart…

Words 667 - Pages 3

Wal Mart Essay

Wal-Mart is commonly known as the world’s largest business, offers a broad spectrum of goods (linens, clothes, electronics, household goods, health & beauty items, etc.), with over 6100 world-wide locations and international net sales amounting to $140.9 billion (“Corporate”, 2014). What is Wal-Mart’s secret weapon? Everyday Low Pricing – this was Wal-Mart’s motivation for being greater than profits. Wal-Mart clearly has chosen the low-cost producer route. They can provide goods and services at a…

Words 721 - Pages 3

Wal-Mart Essay

MBA 6008-Global Economic Environment Final Project: Wal-Mart Capella University Theresa Patterson December 30, 2011 Wal-Mart is a successful retail corporation that is known worldwide. The retail company has created economic benefits for consumers that are extremely tremendous. Wal-Mart has provided more choices for consumers at lower prices in communities where local retail monopolies were evident prior…

Words 3142 - Pages 13

Wal Mart Essay

Case 4: Wal-Mart Stores Inc. June 2012 1. To what extent is Wal-Mart’s performance attributable to industry attractiveness and to what extent to competitive advantage? Wal-Mart can attribute most of its success to competitive advantage rather than industry attractiveness. As they expand their product lineup they bring themselves in to more and more competition with business already established in these fields such as grocers, pharmacies and other medical services. Additionally the market is already…

Words 1428 - Pages 6

Wal-mart and Wal-mart Heidi Gallegos Essay

Wal-Mart Heidi Gallegos ETH/316 May 26, 2014 Carmela Levy-David Sam Walton opened the first Wal-Mart 52 years ago in Rogers, Arkansas. His goal was to open a store that would allow its customers to save money while receiving great customer service. Five years after the first Wal-Mart opened their doors there were twenty four stores open, bringing in more than $12.7 million in sales. In 1969, Wal-Mart became a corporation, Wal-Mart Stores, Inc. By 1980, there were 276 stores…

Words 1082 - Pages 5

Costco and Wal-mart Costco Wal-mart Essay

Costco's Dilemma: Be Kind To Its Workers, or Wall Street? By ANN ZIMMERMAN Staff Reporter of THE WALL STREET JOURNAL March 26, 2004; Page B1 When it comes to workers, companies can be accused of not paying enough -- or paying too much. Wal-Mart Stores Inc.'s parsimonious approach to employee compensation has made the world's largest retailer a frequent target of labor unions and even Democratic presidential candidate John Kerry, who has accused the Bentonville, Ark., chain of failing to offer…

Words 1316 - Pages 6

Analysis Of Wal-Mart

behaviors and business planning. For example, as the largest retail company in the world, Wal-Mart is considering how to give local government leaders more ownership in the design and location of Wal-Mart retail stores. (Hemphill 2005 18) In the Los Angeles suburb, local government has sought to prevent Wal-Mart from opening, but the company has succeeded to persuade voters to approve their expansion plans. Wal-Mart was as well as defeated by a vote in Contra Costa County. Vekshin has pointed that The…

Words 1148 - Pages 5

Wal Mart Essay

numerous small competitors such as Target and K-Mart. There is a low industry growth so the degree of rivalry is increased as well as the lack of differentiation between products which brings little separation between competitors. In my opinion I believe that the market isn’t as attractive as I at first thought it would be and I might have been hesitant when entering this industry. By solely looking at the five forces and without any knowledge of Wal-Mart’s future I would suggest that Sam Walton…

Words 668 - Pages 3