Better Than Other Companies: Should They Get Paid?

rose or fell ... But it's clear that average wages fell. (Found off of a website on Google) Walmart workers do not get paid enough money either. The wages that Walmart employers are paid ranges from $7.50-$9.00, and that's even when people have been working there for quite a while. (Found on Google) Wal-Mart wields its power for just one purpose: to bring the lowest possible prices to its customers. At Wal-Mart, that goal is never reached. The retailer has a clear policy for suppliers: On basic products that don't change, the price Wal-Mart will pay, and will charge shoppers, must drop year after year. But what almost no one outside the world of Wal-Mart and its 21,000 suppliers knows is the high cost of those low prices. Wal-Mart has the power to squeeze profit-killing concessions from vendors. To survive in the face of its pricing demands, makers of everything from bras to bicycles to blue jeans have had to lay off employees and close U.S. plants in favor of outsourcing products from overseas. So yes, Walmart is bad for America.

Wal-mart has made buying essentials cost much less money, even for people who don’t shop at Wal-mart as other companies attempt to match their prices. “Walmart ... offers foods at prices considerably lower than those at traditional supermarkets--as much as 25 percent lower.” (Kenny, Charles. 2013. Para 4). Raising the wages of employees or offering more benefits could take away from these lower prices, causing families below the poverty line to not be able to afford the products they need. It is important to those living under the poverty line that the company provides their products for such a low price. Wal-Mart conducted a study in 2008 that concluded that the company saves the average American family $2,500 a year (Hall, Randy. 2008. Para 1). People in poverty now have much more access to goods than they have in the past, simply because their money goes

The current debate over the Mylan Company’s near monopoly of the epinephrine market through its EpiPen shows what can happen without monopoly regulation. While the cost to produce an Epipen is around $30, the price to the consumer is around $300 each. The economic implications for a family that needs to keep the device on hand to save a life can be excessively high, the emotional results of not having one when you need one are debilitating. This monopoly is further enhanced by state-enforced regulations requiring that schools keep EpiPens in stock and the, so-called, EpiPen law enacted in 2013, which leave little incentive for other pharmaceutical companies to develop their own technology for fast-acting emergency devices. (Bartolone, 2016) Breaking Mylan’s monopoly will not only lead to new product development but lower prices for consumers for a life-saving delivery

Walmart employees, customers, and suppliers have seen their fair share of Walmart’s bad side. While Walmart’s founder, Sam Walton, claims to make their employees feel like they “are working for them” and that they care Walmart has done such a horrific job with the way they treat their employees that one day, the workers decided to walk out and go on strike. They walked out on the grounds that they “were emblazoned with the workers’ grievances: poverty wages, miserly benefits, dignity denied” (Eidelson 1). They felt like they weren’t only taking a stand against Walmart, but also taking a stand for the younger generations to come. Walmart’s employees are getting treated unfairly and are underpaid. The CEO’s, Michael Duke, annual salary gives him more money in an hour than an employee who works full-time would make in an entire year. In Bangladesh, over 100 workers “died in a factory without outdoor fire escapes, NGOs blame Walmart for pushing deadly shortcuts” (Eidelson 1). Not only are the employees being poorly paid by Walmart, but they are paying their life to Walmart just to make enough money to barely get by. Walmart even made a pregnant employee work around chemicals that eventually made her ill. After a trip to the doctor, Walmart allowed her to be put on a lighter duty, so they made her a door greeter; however, they

Recently, there had been a controversy over the rise in pharmaceutical costs involving the EpiPen in the United States. The EpiPen, also known as adrenaline/epinephrine, is a widely used injection that is used to treat allergic reactions. This generic drug has been available for many years. The EpiPen controversy is a prime example of how monopoly

There are often expenses that are not planned for, especially when it comes to healthcare. Recently, there has been a spike in the cost of a commonly-used device to treat many severe allergic reactions: The EpiPen. The EpiPen is an epinephrine auto-injector that is used to treat anaphylactic shock. Anaphylactic shock is “a severe, potentially life-threatening allergic reaction that occurs within seconds or minutes of exposure to an allergen” (Mayo). A pack of two EpiPens can cost around six-hundred dollars, while it only costs around fifteen dollars to create one. (Mangan) Since Mylan NV, the maker of EpiPens, “acquired the rights to the drug in 2007, it’s raised the per-dose list price from about $50 a shot to $304... The EpiPen now generates about $1 billion a year for Mylan” (). In addition, in 2013, the U.S. government “passed a law that gave funding preferences for asthma treatment grants to states that maintained an emergency supply of EpiPens” (NYTimes). The distribution of the product is definitively limited to those willing and able to pay a copious sum for a drug that might save one’s life. Therefore, a solution to this limitation must be made in order to produce more adequate healthcare.The Epipen distribution system can be fixed in a variety of ways that benefit either the consumer or the company, but still result in an increase in the number of people who can access the medicine, which is important for many reasons. The best solution to this situation would

Even though Salaries traditionally reward certain professions, in fact sitting in the bank, or even playing a sport and getting paid is unfair. What most people think is that white collar jobs should get payed more than hands on jobs. That is not fair because “sitting in a chair” jobs are more comfortable that standing and actually moving jobs and I feel like maybe there could be a little decrease in the “sitting in a chair” jobs and that little money could be transferred to the jobs that are “hands on”.

Wal-Mart represents the sickness of capitalism at its almost fully evolved state. As Jim Hightower said, "Why single out Wal-Mart? Because it's a hog. Despite the homespun image it cultivates in its ads, it operates with an arrogance and avarice that would make Enron blush and John D. Rockefeller envious. It's the world's biggest retail corporation and America's largest private employer; Sam Robson Walton, a member of the ruling family, is one of the richest people on earth. Wal-Mart and the Waltons got to the top the old-fashioned way: by roughing people up. Their low, low prices are the product of two ruthless commandments: Extract the last penny possible from human toil and squeeze the last

Being such a large company with many stores and employees Wal-Mart faces many issues. Some of the issues the retail giant faces are; wages, gender discrimination, and health benefits. It seems too many that Wal-Marts has lost its way. When the recession hit Wal-Mart laid off many of its employees and because of that consumers feel the shelves are not being restock and they can’t find what they are looking for. According to Bloomberg Business Week Wal-Mart went from having 343 employees in a store in 2008 to 301 employees in a store in 2013. Even though the employee cut seems logical it is costing the retail giant business. There is no man power to keep the shelves stock and give customers the great customer service that Sam Walton envisioned. (Bloomberbusinessweek)

As much as Walmart may care about the environment, they will not sacrifice some profit now in order to actually help it in the immense way they are able to. These large companies recognize that sustainability is good business, so why will they not actually change? Eventually, they will not have any choice. And by that point, it will cost millions more to reverse the damages. By looking at the environment through an economic lens, Walmart sees the importance of changing but also that the monetary value of changing is not as great as the monetary value of continuing on as they are. Despite already being the largest corporation in the world, Walmart continues to add more harm to the environment because they are still not satisfied with their

Mylan’s recent press release about making a generic EpiPen presents an excellent topic for our upcoming report. We all know someone who suffers from allergies and should care about whether or not they can afford their life saving medicine. By choosing this topic, we would have various sources of communication to analyze in our report such as the original written statement by Mylan and the numerous responses from employees, competitors, customers, and Senators.

However, in 2008, there was a change from $8.63 to 10.83 per hour. Managers at Walmart do not respect employee's rights, and they sometimes treat employees in a way that is against the law in the United States. Managers even sometimes force employees to work off the clock and skip lunch, and it is again against the law. The CEO needs to pay attention of such a situation. Because of the labor-related issues, there were several lawsuits against the company in 2008 in the following States: Colorado, Minnesota, Oregon, etc. There was also a gender discrimination situation where Women claimed in 2007 they were not treated fairly by the company. Even though people consider Walmart the company that employs more than 1.4 employees, it does not pay good salary to its employees. It is against the law to treat people in such a way. In 2002, Walmart used a type of competition that was not normal

Wal-Mart is slowly gaining sustainable competitive advantage over its competitors using these techniques. Wal-Mart’s advertising slogan “Save Money, Live Better” truly reflects the company’s strategy of providing products to a target market at lower prices.

     When you talk about Wal-Mart the first thing that you have to remember is that they are the largest retailer in the world. Wal-Mart employs more people in the United States than any other company and is second only to the federal government in the number of employees that they have on the payroll. These are important facts to consider in that due to their tremendous size, Wal-Mart has an enormous

The value proposition of Walmart was “every day low price” and “excellent customer service”. But unfortunately,