Wal Mart Impact On The World 's Economy Essay

1959 WordsNov 28, 20168 Pages
With more than 6,000 stores around the world, and more than two million people employed worldwide it is safe to say that Wal-Mart has got it 's foothold in the world 's economy. With eleven percent of all imports from China to the United States from the years of 2001 through 2006 , Wal-Mart obviously takes up a good chunk of total imports and employs one percent of all of America 's workforce. Now taking all that into account in the early 2000 's a series of accusations arose about the nation 's largest private employer, those accusations being that Wal-Mart uses sweat shop labor and is discriminatory against women and minorities. Now almost 15 years after these initial reports, Wal-Mart 's success has only grown. According to Charles Fishman, the author of "The Wal-Mart Effect", "Wal-Mart isn 't just a store, or a huge company, or a phenomenon anymore. Wal-Mart shapes where we shop, the products we buy, and the prices we pay-even for people who never shop there. . . ."(Fishman 2006.) Now with the aforementioned subjects, this only adds relevance to the question posed above. While on one hand Wal-Mart brings multiple jobs to communities that otherwise would see an uneven distribution of wealth, there are so many reasons why Wal-Mart is bad, bad for the economy in the long run, bad for the environment, and most of all bad for the furtherance of Modern Human Morality. Now with 1.5 million employees being employed in America, a country that has been in economic stagnation
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