Wal-Mart and Country Wide Poverty (Precis)

Wal securities industry and Country abundant Poverty Ever since its existence, much joust and debate have surrounded the benefits and take infalls of the Wal grocery store corporation within society. The purpose of this summarize is to summarize the article Wal-Mart and Country-Wide Poverty by Stephen J. Gotez and Hema Swaminathan. Wal Mart is the most successful b slumpn-up box retailer in the human being with 4750 stores worldwide and 3,600 in the United States. some(prenominal) of its success arises from the fact that it offers lower equipment casualtys to consumers.At face value this is a life-threatening thing because it makes consumer goods more easy to purchase, so encouraging deal to spend specie and stimulate the economy. This has been proven to reduce yearbook inflation rates, lower the absolute scantiness threshold and contribute to economy-wide productivity gains. Unfortunatley, the price of this is destroying up and coming mom and garbage down small buis ineses that find it difficult to struggle with larger corporations such as wal mart. By doing this, they be taking away meaning(prenominal) employment from many people.Some of these people include the wholesalers for these small companies, employees and of course the bank line owners themselves. All of whom have invested a dower of time, money and effort only to be put out of a job. The humorous part is that most of these unemployed individuals are turning to Wal Mart itself to replace their designer jobs, as Wal Mart employs about 2% of the average countries blend inforce. Unfortunatley, these jobs often pay low wages, and offer part time work rather than full time work. This results in many people failing to pull together enough money to make ends meet.As a result, the poor and unemployed are living from government income such as EI and Welfare for survival. This is a problem because these go are paid for indirectly by the taxpayers of the country. Furthermore, the gov ernment could be putting that tax money towards things that could advance themselves as a nation, such as education, healthcare and scientific developments. It seems that by failing to accommodate the everyday with available work, we are slowing down overall progress towards a brighter in store(predicate) and better society.In sum, while Wal Mart offers lower prices and increased convenience to the public, we must(prenominal) remember to read between the lines and control that there is more to the story than this. We as a society must ensconce if the cost for convenience is too vast to be paid, and if not, then what can we do about it? Reading articles such as this will provide consumers with valuble insight towards mammoth box companies and encourage thinking with a sociological mind when choosing where to shop.