The Walmart Effect
www.theatlantic.com
New research suggests that the company makes the communities it operates in poorer—even taking into account its famous low prices.

Summary

Two studies reveal that Walmart’s entry into communities lowers household incomes by 6% over 10 years and increases poverty by 8%, even when accounting for cost savings.

Its practices, such as undercutting competitors, suppressing wages, and squeezing suppliers, harm local economies by reducing employment and forcing smaller businesses to close.

Walmart’s “monopsony power” enables it to pay lower wages and dominate suppliers, compounding these effects.

The findings challenge the idea that low prices alone benefit communities, emphasizing long-term economic harm.

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Non-paywall link

  • Maggoty@lemmy.world
    15·
    1 day ago

    If your employees have to use public assistance then you should be on the hook for the assistance and the administrative cost of that assistance.

    And when that hits 10 percent or more of your workforce then the government forces a union.

    We’ve let the corporations fuck around long enough.