There are not many stores where you can buy a flat screen tv, sneakers, tonight's dinner and diapers in the same store, also at a low price everyday. Walmart has a way of working their business in a way where they can give you a one stop store and it be very cheap. There are other stores like that such as Costcos, BJay's, Sams Club but the problem with those stores is you need a membership just to shop in their stores and you dont have to have one in Walmart. A store that is also similar is Kmart but the price range is the bigger difference. Just like anything else in the world there are pros and cons and advantages and disadvantages. In the long run Walmart which is one of the largest businesses and the number one employer with 3,700 locations and 1.2 million employees is good for the overall socioeconomic health of America. If it wasn't it wouldnt be as big as it is now.
Walmart was founded in 1962 by a man named Sam Walton. He had this goal for great service to the customers and and great value. He believed he could become a great leader with the service that he could provide for the people. In Kingfisher, Oklahoma Walton was born in 1918. Walton had a store before Walmart, it was Walton's 5&10. So he had retail experience and knew how to run a business. The first Walmart was built in Roger, Arkansas at the age of 44. Walton was a smart thinker, just like the other businesses trying to be sucessful he wanted to make money. Unlike the others he had a another concept. He believed that he would be sucessul if he sold his items at a low price. Many thought that this idea would never follow through. The aspirations of this company became greater than he expected. He had a way of speaking that made the associates want to expand them selves. By the 2000's, the anual domestic sales was $228 Billion. It is amazing how one man's goals became sucha big deal in the long run to being the largest company.
Having such a big company is great for the country because it simulates economic development, creating jobs which was stated in The Good The Bad And The Walmart. When a business is so big it needs alot of workers to fill positions, but with a business so big the revenue will have to spread thinner and thinner each time. A business that has 1.2 million workers I believe its understandable why the wages are low which was stated in The Good The Bad The Walmart. In The Good Bad and The Walmart its says that:
Walmart was filling local offers with sales and property tax revenues through the decsion to locate rural communites and small cities and suburbs and the struggling urban neighborhoods.
This shows how they have low waes...