Is Walmart Good? Essay -- Business, Global Powerhouse

Wal-Mart, the multi-billion company and the second largest employer in the world, is the most controversial corporation in the world. Wal-Mart is a global powerhouse and affects many people around the world. Wal-Mart is constantly getting attacked from unions, human rights groups, small towns and small businesses. Wal-Mart is accused of treating their workers poorly and driving small businesses out of business. But however these accusations are false or over exaggerated. Wal-Mart offers families and low income people quality products. Also, they pay their workers competitive wages and treat them with respect. Wal-Mart opens their stores in rural and under developed areas. Wal-Mart improves the lives of the people who live rural area and improves their lifestyles. Wal-Mart opens stores at rural areas that are destitute. These people don’t have the ability to buy the newest and best products around. That lifestyle of buying and getting the newest item is foreign to them. Thanks to Wal-Mart these people are able to see this lifestyle and experience themselves (Coster 1). Wal-Mart provides low prices for people to afford more of these great products and to stretch their dollar more. People are saving hundreds of dollars and those savings due add up. According to a study by the New England Consulting group, U.S. consumers save $100 billion annually, or $600 for the average America family (Maich 6). These savings for consumers and families are astounding. This data is not only about for those who shop at Wal-Mart but this data is about all consumers. This is so because â€Å"Wal-Mart sells for less, it forces competitors to cut prices in order to compete† (Maich 6). A study by a UBS Warburg analysts show the impact Wal-Mart has on c ompet... ...ses. No other retailers offer these benefits. Wal-Mart employees are content because of these benefits. Hewitt Associates, a human resource consulting firm, ranked Wal-Mart as the best retailor for workers satisfaction for three years. (Maich 5) This data shows that Wal-Mart is a great place to work for. Wal-Mart is beneficial to many types of people. Wal-Mart is good for the economy and good to it workers. Wal-Mart hires many people from different walks of life and offers their workers many benefits that others retailers don’t offer. Wal-Mart with their low prices benefits consumers and help consumers to save. Wal-Mart is a positive to local economies and improves profits of local businesses. Wal-Mart is not a monster as critics’ states and all these attacks by critics are incorrect. Wal-Mart is not perfect but it is better than most of the other corporations.