When was the last time you or someone you know went to Wal-Mart? Just about everything can be found in the enormous Supercenters. Many people take for granted, how much Wal-Mart is a part of their lives, and some people are beginning to notice just how many Wal-Mart bags they have in their house. They notice just how many people in one town work at one store. For a lot of busy, lower to middle-class families, Wal-Mart is just what they need. A virtual one-stop shop where just about everything can be found at a cheap price. Has anyone ever wondered HOW Wal-Mart can have so many things for so little? There is more and more negative publicity, it seems, detailing another lawsuit against Wal-Mart for unfair employee practices, etc. Some economists and activists say Wal-Mart is just too big. That this big monster that hides behind the yellow smiley face is hurting our global economy. . Some say Wal-Mart chokes out their competitors, mainly smaller businesses by offering wider varieties of products at more competitive prices. This is actually a very simple business tactic, if you want to sell a lot of something cut your profit margin to beat the other competitors and you will sell more. In the search for cheaper goods Wal-Mart aggressively pushes suppliers to cut wholesale cost, causing factory jobs to move from one poverty- stricken nation to another. In doing so they fail to meet labor standards set by human and labor activists and yet attained by other prominent companies. Although Wal-Mart provides job opportunity, lower prices and quality of products, it has a negative effect on a community because the smaller retail companies and companies that provide employee benefits can not compete with its prices. The only hope that this economic community can recover from the “Wal-Mart effect” is in the negotiation of benefits for Wal-Mart workers and better treatment of its’ third- world employees.
We all know where this is going. Before we start to attack this big, evil company, we need to remember it started out small too, just like all other retail stores. Let's take a look at Wal-Mart's life up to today.....