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THE ECONOMY

THE ECONOMY

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The Economy

Walmart no doubt has a serious impact on the American economy. It is one of the largest global companies that earn more than any lead company. It was the first company that made a quarter of a trillion. It aims to provide goods to poor people at a lower cost. It has emerged as a unique company that is liked by a huge population due to the benefits that it provides to them. This "low-cost" has become the basis of its controversies (“Is Wal-Mart Good for America?,” 2019).

Walmart has created a huge amount of jobs but at cost of poor wages to its employees, which is inhumane and unethical. At one place it aims to help the middle and lower class but at the same time, it pays them less for the services. Not just that its major manufacturers are from China that is again underpaid for the large amount of work. Again this makes business practices of Walmart questionable. It is also responsible for providing cheap services to customers. If it chooses to buy high-quality stuff from American manufacturers it will create more job opportunities within the country and increase the economy of the country. I personally think that even if customers don't realize the benefits it will have of their lives and economic situation, they will understand the benefits the later when they will get quality.

The government also needs to intervene in its policy-making at fix minimum wage for the employees. This practice will also enable the employees to afford their own necessities without burdening the country's economy by relying on government aid programs.

America has chosen cheap over quality, which is the number one cause of consumerism in America. I think that shifting the manufacturing base from China to America will benefit the country's economy in long run.

Work Cited

Is Wal-Mart Good for America? (2019). Retrieved February 27, 2019, from https://www.pbs.org/wgbh/frontline/film/showswalmart/

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