Contributions by Walmart Essay Example
Contributions by Walmart Essay Example

Contributions by Walmart Essay Example

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  • Pages: 3 (637 words)
  • Published: June 8, 2022
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Introduction

As a world largest corporation and retailer with more than 6700 stores globally, 3400 in the United States, Walmart has greatly contributed to the American and global economy. It has an over $356 billion annual revenue with over 1.5 million employees globally. Specifically, it was 1.2 million employees in the United States alone. Variously, it has more than 600 employees from Mexico. This is an indication that Walmart has been providing employment opportunities for individual worldwide. This comes hand in hand with a massive contribution to the economy of America and the world as a whole.

Globally, agriculture is the backbone of economy in most nations. On the other hand, Walmart is also considered as the largest retailer of grocery in America which implies that it improves agricultural production globally. Promotion of grocery production is indirectly promoting growth i

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n the economy of other developing nations who supply these food stuff.

Furthermore, Walmart is the largest retailer of toys in the America. Most of these toys are imported from countries such as China. With a retail of more than 45% of toy business in the United States alone, it implies that Walmart has contributed to the growth of Toy Manufacturing companies in countries such as China. For example, it imports more than $15 billion goods from China. Regardless of the fact that many Americans complain that Walmart is reducing their living standards, disrupting communities, hurting local trade and affecting local manufacturing companies. Some positivity can be detected from its contribution to employment, the growth of Agriculture and growth of manufacturing companies in both America and countries outside American borders.

Critiques (Adverse Impact) Of Walmart’s Operations in both the U.S

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And In Other Countries.

Walmart promotes lose or reduction of job opportunities to some Americans even if creates some for others. For example, if it establishes a new store in a new town, people working in competitive companies end up losing their jobs. Variously, the corporation imports most its products implying that it kills the local manufacturers who have the same capability of producing the same product. For example, most of the TV sets used in America are manufactured in China but assembled in the United States (Smith, Young, WGBH, & PBS Video, 2004). This alone shows how the company is killing the potential of local companies who would manufacture and assemble the TV set in the United States. Based on the same issue of employment and killing local industries, Walmart discriminates against women, elderly and different abled workers. For example, in the year 2014 the company was forced to pay about $363,419 to clear a lawsuit by the Equal Employment Opportunity Commission for harassing an intellectual disable employee.

When it comes to wages and salaries, Walmart pays substandard salaries to their employees. The wages are even below the normal ranges. For example, an employee earns about $12.50 per hour which is way below ($19. 64) what the federal Bureau of Labour suggests. These low salaries have made it hard for its employees to live a comfortable life as other employees in America (Etherton, Snellstrom, Margerum, Almon & University of Oregon, 2007).
Lastly, Walmart does not offer health insurance and covers to its employees. It implies that the company places a heavy burden on the government as many are still depending on Medicaid. Therefore, the company is no

good to the local communities as it seems.

Conclusion

More than one hundred million American customers visit Walmart every month which is an indication that they love the company (Greenwald, Gilliam, Smith, Tully & Disinformation Company, 2007). But, regardless of their love and appreciation to the company, it seems that the company is less concerned about the social welfare of the society (Health, environment, work conditions and remuneration of workers) (Smith, Young, WGBH, & PBS Video, 2004).

 

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