Topic > Wal-Mart opened its first store in Rogers, Arkansas. In 1970, Wal-Mart's first distribution center and home office in Bentonville, Ark. was opened and Wal-Mart was listed on the New York Stock Exchange. Just nine years after this, Wal-Mart's annual sales topped $1 billion. In 1988, Wal-Mart supercenters opened across the country. In just three years, Wal-Mart opened its own store in Mexico City, Mexico; make Wal-Mart an international company. It hasn't even been sixty years, yet Wal-Mart is overwhelming our country. "Wal-Mart Stores, Inc. is the world's largest retailer, with $285.2 billion in sales in the fiscal year ended January 31, 2005. The company employs 1.6 million employees worldwide world through more than 3,700 plants in the United States and more than 2,400 units in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea and the United Kingdom More than 138 million customers visit Wal-Mart stores worldwide each week." (Walmartfacts.com) Since Wal-Mart is so outrageously huge in such a short time, I believe their customers still haven't figured out why Wal-Mart is so cheap. Wal-Mart will replace higher-wage jobs with lower-wage jobs and require taxpayer assistance to keep Wal-Mart employees out of poverty. Numerous studies reveal that, contrary to company PR, Wal-Mart does not create new jobs in the city. Wal-Mart simply replaces higher-paying retail jobs with lower-paying ones and, due to its negative impact on local businesses, may actually cause a net decrease in the number of jobs. Factories in China provide their employees with the exorbitant sum of three dollars... half of paper... their employees without their knowledge. Since their prices are low, the wage is even lower to make a more than decent profit. Wal-Mart is a growing competitor for those who already have enough problems just to survive. It's easier for everyone to back off and let them do what they want, but they've taken advantage of it and people don't like that. In addition to all the points I made, Wal-Mart had to pay fines due to violating child labor laws and illegal immigration laws; fines of up to $11.5 million for these two types of laws alone. Wal-Mart is not good for this economy, for the people, and the company, as a whole, is criminal. If people let Wal-Mart stay on the path it is on, the United States will have nothing but Wal-Mart. Wal-Mart will become a monopoly and put everyone who started with more than greed out of business.
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