Wal Mart Is A Monopoly

821 WordsApr 12, 20164 Pages
Wal-Mart, the largest retail companies in the world (Farfan), plays a crucial role in American economics. No matter, I am at home or on campus, even when I was traveling in other states in America, there is always a Wal-Mart market nearby my location. Due to the super big market power Wal-Mart has, and people’s negative impression of large enterprises, there is always a debate about whether Wal-Mart is good for America or not. Some people believe Wal-Mart makes the small retailers fail, and its workers have low wages and benefits; while others argue that Wal-Mart creates more jobs to the local, provides lower prices to consumers, and encourage American economic growth. Inspired by an article about whether Wal-Mart is a monopoly I read in my economics class, I am curious about the economic impact of Wal-Mart. My exploration began with a word record of the debate ‘Is War-Mart good or bad for America’ from the Independent Institute.com. This debate was between Richard K. Vedder and Ken Jacobs. According to Vedder, on the one hand, Wal-Mart isn’t a job destroyer, conversely, every new War-Mart store employs typically 300 or 350 workers right by itself which is exclusive of any other synergies, or other stores that may open up at the same time when War-Mart opens up in the community (Jacobs and Vedder). On the other hand, War-Mart has enormously increased productivity in retail trade. Between 1987 and 2004, labor productivity in the War-Mart part of the retail trade

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