It's more bad news for Walmart. After a New York Times story alleged that Walmart bribed officials in Mexico to allow the company to open stores in that country, another new report reveals exactly how much it costs a community in dollars and cents when Walmart comes to town.
The research, done by a Northwest community group, estimates that one Walmart store, which is set to open in a Washington neighborhood, will decrease the community's economic output over 20 years by an estimated $13 million. It also estimates the Walmart will cost the community an additional $14 million in lost wages over the next 20 years.
"We know now the true economic impact a Walmart store has on a neighborhood when it moves in," Christopher Fowler, who conducted the research for Puget Sound Sage, said. "The research shows that the negative impact is due to the use of the Walmart business model. A new 'generic' grocery store does not equal economic harm, but a new Walmart does."
"Walmart may say they help people 'Live Better,'" said David West, executive director of Puget Sound Sage, a nonprofit public policy organization that looks at regional economic issues. "But this study shows that communities will be much worse off, with lower wages and less money in the community, after a Walmart opens."
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8 comments:
People shop at WalMart for two reasons: one stop shopping and lower prices. Why take that choice away from American people, if that's what they want? WalMart saves Americans time and money. It's the reason for its success, and is the result of free market capitalism. It is what is best for the consumer, not the competition. Advocating not allowing WalMarts in a community due to its impact on the competition, is an anti-capitalist (socialist) premise. If you don't like WalMart, don't shop there. Its a choice if you want to spend more somewhere else.
Walmart saves Americans money? How is that when most of what they sell is junk and usually disposable? I would rather pay a few dollars more and have something that will last awhile. Walmart is NOT what's best for this consumer and so I travel (sometimes several hours) to do my shopping since Walmart seems to have a choke hold on consumers where I live.
No tie to them except as occasional customer.
They have succeeded by meeting customer needs with a very wide array of choices at good prices. Extensive operating hours. High level of consistency store to store. Most specialty merchants never carried anywhere near the selection that WM does in their competing departments.
Last I heard people seek work there; they don't draft or kidnap staff. We know customers can be very fickle; they'd be elsewhere for a better deal or what they perceive as better service. That's life.
Look what Walmart has done to da Bury -- it's great
Democracy AND Americana = Walmart, "plain and simple" as the Prez would say.
Comes down to choice and preference and I'm forever thankful we (USA) still have that. At the end of the day as crazy, mixed up and sometimes bass ackwards we are in society - its still WAY better than most countries!
Have you BEEN to Salisbury Walmart North lately?
It's terrible there every day at all hours. The shelves are empty holes and the employees are lazy and obnoxious.
I started shopping elsewhere as of last weekend
I won't tell people to shop at WalMart, or not shop there. So don't try to tell ME where to shop. Apparently lots of people prefer to save money and have many shopping choices, at convenient hours, otherwise WalMart wouldn't be the huge success that it is.
I started shopping elsewhere as of last weekend
August 16, 2017 at 4:28 PM
I only go to that one as a last resort. It's not just the workers that are obnoxious there. When I do go into a Walmart I keep to myself, avoid those that stand in the middle of aisles having conversations, avoid eye contact with most, and often shake my head at what I see in there.
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