Is Wal-Mart a good thing?
Recently Wal-Mart has been under a lot of heat in the press. Is the "little man" finally getting a voice in the matter? Although the voices of smaller companies are finally being heard, a new study can show how collectively Wal-Mart is benefiting the Nation. For examle, Wal-Mart created 210,000 jobs in 2004. The study showed that this was 10% of the total jobs created in the country that year. Also in that same year, Wal-Mart saved an average of $2329 per household. That is remarkable! It should also be considered a benefit for the local communities, because the consumers can spend that money on other aspects within the community. Granted it isn't good for the local retailers, but we must remember that there are numerous companies out there providing goods/services that Wal-Mart cannot provide. Therefore, if Wal-Mart can save people money, then that saved money can go towards putting in a pool, for example. Yes, that is a drastic example, however, I believe it is important to look at all angles when considering the dispute of Wal-Mart being a destroyer of the "little man."
Posted by Connor at 11/05/2005 09:42:00 AM