Business Economics Wal-Mart Essay

2500 WordsAug 8, 201210 Pages
Wal-Mart is the world’s largest retailer. They are the leading private employer with over 2 million employees. Currently, there are 8,500 stores, across 15 countries. Wal-Mart has a massive economic impact in the U.S and other countries of operation. I will argue that Wal-Mart’s disregard for moral business practices through the lack of their social responsibility has had a negative consequence. Their only interest seems to be in making a significant profit at the cost of sacrificing good ethical moral business practices. I will provide evidence for this belief by showing how “everyday low-prices” are effecting employees, customers, taxpayers, and other countries. I will show the reason for the need for change in their business. Wal-Mart…show more content…
There is a need to implement a law, which would hold large successful companies, like Wal-Mart to a higher minimum wage, then set by the state. There is one thing for certain: If people do not earn enough money to make ends meet, they can’t spend it in the market place. Therefore, when giant corporations like Wal-Mart squeeze their workers, they are affecting everyone. If wealthy companies, such as Wal-Mart, provide more for their workers, it will not only improve their sales, but also help improve the economy, and set a good example to other companies. Another on-going debate surrounding Wal-Mart is their handling of healthcare benefits. The majority of Americans receive their health care coverage from their employer. Most of the uninsured are working families with low to moderate incomes. Their employers either do not offer health insurance or the health insurance offered is just too expensive. There is a significant amount of these uninsured families that are employees of Wal-Mart. Walmart has one of the worst policies for health insurance in corporate America. Walmart offers health insurance, but at a high price of about $75 out of each check, but pay an average of $8.50 an hour (The Good, the Bad, and Wal-Mart). The plan places the majority of the healthcare cost onto the employees. Their

More about Business Economics Wal-Mart Essay

Open Document