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The Effect Of Walmart On People's Lives

Decent Essays

Companies are an immense part of our world today. The powerful yet noxious corporation of Walmart has had a great effect on many people’s lives. People may say that Walmart has helped them by providing convenient and cheap products. However, Walmart has harmed other people by violating their human rights and being extremely capitalistic, and it uses the cheapness and convenience as a distraction. Despite the fact being true, the company still values profit over their employees’ and workers’ lives. Walmart has been known to utilize foreign labour, and especially foreign child labour. In Bangladesh, children have been reported to sew clothes for many companies, including Walmart, for wages as low as six-and-a-half cents an hour. The children …show more content…

The amount of money which the employees are receiving seems considerably miniscule compared to the revenue which the heads of Walmart are receiving. Three members of the Walton family have a net worth of 144.7 billion dollars, receiving 3.4 billion in revenue a year each, and the CEO, Doug McMillon, receives 25.6 million in revenue while the store employees receive 9-15 dollars an hour, and factory workers receive less than a dollar a day. Employees are provided with unaffordable health care benefits, which would show Walmart wants to receive more from their employees rather than spend more on their employees. This just shows Walmart’s excessive need for profit, even though they receive 485 billion dollars in annual sales. Because of the amount of power that Walmart holds in governments and communities, the attempt to compete with them would be quite difficult. Walmart is a monopoly, which goes to show how capitalism drives them forward. The main drawback of the extreme capitalism of Walmart is that people become so infatuated with materialistic items that they do not notice how they affect other people’s lives; people begin to prefer profit rather than other people’s well-being and safety. For example, as stated before, Walmart does not seem to care about the safety of the factory workers as long as they get their products for a cheap

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