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  • Essay / Wal-Mart is bad for the economy - 1608

    After reading the article and seeing the two opposing viewpoints, I have to say that the more accurate of the two comes from the Democratic staff of the House Committee on Education and workforce. The Los Angeles County Economic Development Corporation says the entry of Wal-Mart stores into Southern California would benefit the local economy because, because Wal-Mart offers such low and competitive prices, savings would be redirected to other regions. of the local economy, which in turn would create more jobs locally, beyond what Wal-Mart would also bring. He also claims that the negative effects of Wal-Mart's entry into the local economy would be negligible compared to the benefits, especially since it would take a long time for Wal-Mart to develop a considerable market share and that, along with the idea that Wal-Mart's business The negative impact on other grocers' ability to operate would prove positive for their consumers and for taxpayers overall due to the additional sales taxes that stores would generate for the region. But this view on Walmart's impact does not examine very deeply how these newly introduced low prices are achieved, which, if introduced to the local market, could have devastating effects different from those they predict. Workforce claims that introducing Wal-Mart stores to Southern California would have a destructive result on the local economy, particularly because of the intense competition they would bring to the area and break the backs of other grocers and stores specializing in products that Wal-Mart continues and also explains how its treatment of its workers would negatively impact tax revenue and surrounding businesses. They cite numerous legal issues the company is currently mired in nationwide — cases that include questions about worker benefits (particularly health coverage), worker wages, gender and related discrimination disability, hiring illegal workers, dangerous working conditions, participation in international human rights violations. , abusive child labor and work break violations. As I said before, I must recognize that Wal-Mart has a much more destructive presence than what it does to help communities, because the opinion of Democratic staff on the House Education Committee reps is and labor makes more sense compared to what I have seen as a consumer and former employee of the company.