Wal-Mart's High Cost of Low Prices Essay

918 Words 4 Pages
Wal-Mart founded in 1962 by Sam Walton is now the largest American retail corporation. With thousands of chains of stores and warehouses Wal-Mart monopolized the American retail industry. In addition, Wal-Mart is the second largest retail corporation in the world employing of two million employees world-wide. As one of the most valuable corporations in the world Wal-Mart continues to improve their sales annually while offering some of the lowest prices available. Wal-Mart’s famous low price guarantee, come at a high expense of the environment, the small businesses, education, the rights and safety of the consumer, but most importantly their employees. Although Wal-Mart has plays a dominate role in American economy, this “American” …show more content…
Wal-Mart founded in 1962 by Sam Walton is now the largest American retail corporation. With thousands of chains of stores and warehouses Wal-Mart monopolized the American retail industry. In addition, Wal-Mart is the second largest retail corporation in the world employing of two million employees world-wide. As one of the most valuable corporations in the world Wal-Mart continues to improve their sales annually while offering some of the lowest prices available. Wal-Mart’s famous low price guarantee, come at a high expense of the environment, the small businesses, education, the rights and safety of the consumer, but most importantly their employees. Although Wal-Mart has plays a dominate role in American economy, this “American” corporation shows little remorse in the actions they take that negatively impact people, because they are gaining a financial benefit.
Over the years Wal-Mart has established thousands of new warehouses and stores in cities and towns nationwide. Although Wal-Mart promises to bring an economic gain to the areas that they are built on. The building of their infrastructure and the traffic it brings along with it comes at the expense of schools, which lose money due to the subsidy granted to Wal-Mart and not them, and the environment that is harmed by the building process and the chemicals and pollution that the stores and warehouse manufacture. For example, in the documentary a certain Wal-Mart received numerous complaints regarding the