Wal-Mart, The Foundation of The U.S. Economy

Wal-Mart is one of the biggest giants in the market. No one else in the market can compete with Wal-Mart. “Wal-Mart’s influence on the U.S. economy has reached levels not seen by a single company since the 19th-century rise of Standard Oil” (Hopkins, 2003, par.1). The influence of Wal-Mart to the economy is unimaginable, and it is still going up. We should help Wal-Mart to keep moving up in the Carbondale area for the economy and our convenience.

First of all, Wal-Mart offers goods with unbeatable prices, and they have everything that the customers want in the store for 24 hours, 7 days. Hoenig (2004) says a family can save more than $2,000 annually by shopping at Wal-Mart. Like this, Wal-Mart serves the society in many ways; thus we should support them.

Secondly, Wal-Mart serves the society. Hoenig (2004, par. 17) says in case of Illinois, Wal-Mart pays more than $61 million annually for the taxes. There is no doubt they are one of the biggest taxpayers in the state. The paid tax will build new facilities in the area and will help poor people to escape from scantiness. We should uphold Wal-Mart for the welfare of the society.

Thirdly, Wal-Mart can help a small town’s economy by building a store in the area. When they provide a shopping place, people show their money to buy goods. These basic activities bring about big cash flow, which is mandatory for an animated economy. For this simple but important reason, we should back up Wal-Mart.

Some people say Wal-Mart kills the businesses in the town, but it is not true. Wal-Mart provides many employments for the populace. According to Hoenig’s (2004, par. 16) article, Wal-Mart offered workplaces for 125,000 people and is expanding its offer of jobs. They don’t kill small businesses but offer opportunities for people. We should support them to move up.

In conclusion, Wal-Mart serves society in many ways. They offer cheaper prices and convenience of shopping, pay tremendous amount of taxes, work for the economy, and hire so many people to work. We can help them to make profit, and they can help us to live easily. By this simple of win-win strategy, we have to support them to help society flourish.

References

Hoenig, J. (February 10, 2006) Welcome Wal-Mart. Capitalism Magazine. Retrieved November 28, 2007. From http://www.capmag.com/article.asp?ID=4561

Hopkins, J. (January 29, 2003) Wal-Mart influence grows. USA TODAY. Retrieved November 28, 2007. From http://www.usatoday.com/money/industries/retail/2003-01-28-walmartnation_x.htm