Why is walmart good for america

Then it was the anti-Walmart debaters turn. Their argument is mostly about how Walmart treats its workers. They say Walmart not only pays low wages but they also:. In the end, the audience was asked to vote electronically. More live audience members were won over by the arguments in favor of Walmart than those opposed to it. I think the debate misses the point, or maybe it just comes too late. But Walmart cannot afford for the trend to continue. Walmart provides cheaper, better, more accessible services than its competition.

The benefits of this efficiency are less personal and more broadly spread than the costs to smaller competitors, but such dissemination of value demonstrates one of the best qualities of Walmart — its egalitarianism.

Walmart provides a good that is accessible to virtually all Americans. As long as consumers continue to choose Walmart for understandable reasons , the onus is on small retailers to find better ways to compete. The second main argument against Walmart deals with its impact on suppliers. Because Walmart has such immense buying power, it carries great influence with manufacturers.

It was formed, and continues to operate, on the bedrock that a man is responsible for himself and that he, and only he, has the empowerment and ability to build or destroy his own life. The bridge, as we know, is education—the ability to impart knowledge and synthesize it in a way that allows individuals to blossom as a person intellectually and emotionally, and put data to use in a way that results in a greater income for themselves.

Economics has been called the dismal science because, in its true, unadulterated form, it doesn't seek to answer what is morally right or wrong. Instead, it strives to discover how individuals, groups, and society chooses to allocate scarce resources among themselves. Today, we use a form of currency that is printed on green paper and has numbers on either side.

Likewise, sexual attraction, political connections, etc. The extension of this is the simple, basic truth that the wage situation in any given field is a result of the supply and demand curve. A cashier, for example, requires far less skill than, say, a neurosurgeon, creating a much larger pool of potential applicants to fill the former position. This brings us to the point of transience within a society. At different times throughout our lives, we occupy different rungs of the socio-economic ladder.

In our early twenties, for example, a young couple with children is going to fall within the lowest levels of wealth. As time goes on, however, they are likely to buy a house, begin building equity by paying down the mortgage and establishing a retirement fund in the form of a k. The traditional statistics, however, don't show this migration through the various layers of wealth and is partly why it is dangerous to rely on the figures espoused from politically interested parties in the news media.

The gap between the rich and the poor doesn't bother us in and of itself. In other words, what really matters in a society is the standard of living experienced by the average citizen which, for better or worse, is typically measured as gross domestic product [GDP] per capita.

In the s, middle-class automobiles didn't boast amenities such as air conditioning, let alone Apple CarPlay, heated seats, and navigation systems. Yet, here we are, lamenting the growing disparity between classes. Local stores don't like Walmart because they don't want to match prices, and unions are challenged by the competition it presents — Walmart employees make comparable wages to these workers but don't have to pay dues. It offers few benefits and it manipulates workers' hours and understaffs its stores.

Walmart's workers bear the brunt of these low wages, but it also has an affect on tax payers, Traub said, because these workers don't make enough to support themselves they often have to rely on government programs like Medicaid and food stamps.

Other big retailers, like Costco, have proven that it is possible to pay your workers livable wages and still provide competitive prices, she added. Economies thrive when people have money to spend on the basics.

Walmart's business model will not be sustainable in the future, and isn't worthy of one, Traub said.