There are several disputes amongst economist whether Wal-Mart has a positive or negative influence on our economy and society, many criticizing the Wal-Mart Corporation for its negative and careless approach to becoming the powerhouse it is today. Sam Walton founded the Wal-Mart Corporation in Instead, Wal-Mart has become the largest private employer and grocery retailer in the United States and is also recognized all over the world.
However, there are several debates among economists whether the company has a positive or negative influence on our society and economy, where many of them criticize it for its careless approach to becoming the powerhouse it has become today. Although it is good to hear out ideas from these experts, we, as consumers, can also have our own thoughts about this mega-retailer.
To come up with an informed and Cons walmart essays decision, let Cons walmart essays look at its pros and cons. List of Pros of Wal-Mart 1.
Varied Selection of Products Whatever product you need at Wal-Mart, there will be a section for you to check out. You can head to the chain and purchase groceries for the week, buy electronic devices, get your car repaired and shop for clothes all in a single trip.
It is truly a one-stop shop, unlike any other store of its kind. Moreover, it does not charge a membership fee in order for you to enjoy savings.
Low Prices Wal-Mart is known for selling items at much lower prices than other retailers, which simply means that buying a product here, over a more locally owned store, can save you more money.
Other retailers cannot compete with the low prices it offers. Many people even praise this giant retail chain for making it possible for them to afford goods they need most.
Low prices are what the company is known for, and this is true for all its products, including electronics, food and everything in between. The jobs that Wal-Mart creates are highly essential, making it one of the most important companies in the world. Additional Business to Areas When a new Wal-Mart store is built, its location immediately attracts additional businesses.
Patrons from surrounding communities would travel into the area to do their shopping and would often stick around, spending their money at various local hubs. If a place does not have such a store of their own, its citizens would think of driving to somewhere that has one.
More Diverse Business Model Wal-Mart investors are exposed to a more diverse business model, due to the fact that the company is growing to other countries, such as Mexico, Brazil and China.
Though this attribute could also bring negative issues, such as language barriers, tax and other regulations, it is good for consumers no matter what language they speak. Plus, by having operations in multiple jurisdictions, investors gain exposure to other currencies and middle-class growth in other countries.
List of Cons of Wal-Mart 1.
Bad Healthcare Coverage According to critics, Wal-Mart is a highly regarded household name that has one of the worst health care policies in all of corporate America. To account for low wages, it pushes employees to get on several government-funded programs, such as Medicaid, public assistance and public housing.
It is not that the company does not offer health insurance to their employees; it just comes at a high price for workers earning minimum wage.
Anti-Employee Policies It is stated that Wal-Mart shows little to no respect to its employees, where they are severely mistreated and their only purpose is to fit into the philosophy that the company looks out for itself.for thou art the God of my salvation;: on thee do I wait all the day.
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