We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The Cost of Wal-Marts Low Prices Should Not Be Too Costly - Essay Example

Comments (0)
Summary
The essay investigates the cost of Wal-mart. In “Up Against Wal-Mart,” Karen Olsson focuses on the weaknesses of Wal-Mart, particularly its low wages and poor benefits, as well as unethical and illegal management practices of anti-unionization and forcing workers to work overtime without pay…
Download full paper
GRAB THE BEST PAPER

Extract of sample
The Cost of Wal-Marts Low Prices Should Not Be Too Costly

Download file to see previous pages... The essay "The Cost of Wal-Mart’s Low Prices Should Not Be Too Costly" analyzes the prices of Wal-mart. Wal-Mart helps the poor by providing low prices, but it can do better as an employer by offering competitive wage levels and benefits to its full-time workers, and promoting a culture of efficiency and equal opportunities, not unfair labor practices. Wal-Mart is good for the poor and the working class because it offers low prices and provides jobs, while being at par with other retailers in terms of Medicaid consumption. Wal-Mart, because of its sheer size, can maximize its economies of scale and scope to offer low prices every day. It is dedicated to driving down prices, so that it can pass its savings to consumers, and the effect is so large that Jason Furman of New York University compares Wal-Mart to a welfare program: “Wal-Mart's discounting on food alone boosts the welfare of American shoppers by at least $50 billion a year". The savings from shopping at Wal-Mart is significant enough, that consumers are saving billions of dollars every year. Aside from consumer savings, Wal-Mart is the world’s biggest retailer, so it is not surprising that it is the biggest private employer too. Olsson reports the extent of business and employment of Wal-Mart: “The company is the world's largest retailer, with $220 billion in sales, and the nation's largest private employer, with 3,372 stores and more than 1 million hourly workers”. The sales of the company enable it to hire millions of workers. ...
Medicaid dependence is a concern for Wal-Mart too, but one which is not far from retailer companies in general. Mallaby reveals that 5 percent of Wal-Mart’s workers are on Medicaid, but this is a retail industry standard (357). The national average is 4 percent for all firms, so Wal-Mart’s effect on welfare usage is not worse than other firms. Considering these savings, employment, and use of Medicaid, Wal-Mart helps the poor and the working class. Despite these advantages, Wal-Mart has to work on its labor issues, in order to truly help the poor and the working classes, and the first step is improving wage levels and benefits to full-time workers. Olsson interviewed workers who revealed that Wal-Mart pays $16,000 to $18,000 a year (342). Jennifer McLaughlin, who works at Wal-Mart Supercenter #148, shares that her yearly wages reach only $16,800 (Olsson 342). Health benefits are not covered too. Wal-Mart provides the option of health insurance, but because it would “deduct up to $85 from her biweekly paycheck of $550,” McLaughlin and numerous employees choose to rely on Medicaid (Olsson 342). McLaughlin is already with Wal-Mart for three years, and she deserves a more competitive pay and benefit package. Wal-Mart earns hundreds of billions of dollars every year, and it can use some of its millions to enhance the pay and benefits of its workers. Apart from low pay and poor benefits, Wal-Mart should be more concerned of the health and morale of its workers by not underpaying and overworking them. McLaughlin and other interviewed employees expose that some Wal-Mart managers force people to work overtime without pay (Olsson 345). Lawsuits are already filed against Wal-Mart for unpaid overtime. Wal-Mart cannot help the poor and the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Wal-Marts sustainability strategy
Wal-Mart’s sustainability strategy Introduction Wal-Mart is multinational retail chain that started its operation in 1962 in Rogers as a single store (Wal-Mart, 2012, p.3) with a strategy of reducing their prices compared to other stores thus increasing sales and revenue.
11 Pages(2750 words)Essay
International Purchasing and Supply-Chain Management
The work at hand presented the activities that Wal-Mart employs in order to create its competitive advantage primarily on how it uses its purchasing and supply-chain management for this reason. It was found that there are various activities that Wal-Mart uses in order to make a substantial output in its purchasing and supply-chain management activities, and there is a great area of concern regarding the link of marketing activities to them in order to make a difference.
14 Pages(3500 words)Essay
Wal-Marts Business Management
Preparing a business management plan helps in the allocation of resources properly, making good decisions and handling of unseen or unexpected complications that may become hurdle in the future development of the business. One of the important aspects of business management is that it provides organized information about the company and importantly a good business plan helps in attaining FDI, joint ventures and franchises.
8 Pages(2000 words)Essay
Wal-Mart Stores: Every Day Low Prices in China
In its beginnings in the U.S. as well as in China, Wal-Mart faced the formidable difficulty of creating a multifaceted and integrated marketing strategy based on much more
9 Pages(2250 words)Essay
Wal-Marts Vision Statement
The paper has shown that the company pays employees a salary which is way below the poverty line and employees have confessed that they cannot live out of the pay received from Wal – Mart alone. The average hours worked by employees is around 40 hours a week. However, the pay received is very low.
2 Pages(500 words)Essay
Wal-Marts Environmental Sustainability Program
Wal-Mart is well known for its every day lowest prices products.Furthermore, Wal-Mart has also come to be known for its initiatives in sustainability. The company started this initiative in 2005 as Lee Scott, the CEO, believed that “being a good steward of the environment and being profitable are not mutually exclusive.
6 Pages(1500 words)Essay
Wal-Marts Mexican Bribery Scandal
Should the allegations turn out to be true, Wal-Mart will be guilty of violating a law that was drafted in the United States and adopted by several countries worldwide, including Canada, the law having being urged by officials of the United States.The allegations could be a major blow to the chain store.
1 Pages(250 words)Essay
Wal-Marts Marketplace Clout

This research will begin with the statement that contemporary capitalism has huge corporations that are familiar features, such as Coca-Cola, Nike, and Johnson & Johnson. These corporations produce our computers, car appliances, and other household products. However, Wal-Mart, one of the world’s largest companies, represents something new on the economic landscape.

2 Pages(500 words)Essay
Wal-Marts Sustainability Strategy
The author claims that commercial fishing of the Salmons is also regulated by the law, where it is allowed only to operators with permits, and during specified seasons. Thus, Wal-Mart has to seek a strategy for obtaining the certification of its boat operators from the Marine Stewardship Council.
13 Pages(3250 words)Essay
Wal-Marts approach to Purchasing and Supply-Chain Management
This report looks at the present concepts and models pertaining to supply-chain management and purchasing at Wal-Mart. However, it was found that none of these models could actually explain in detail the business models employed by Wal-Mart. Porter’s value-chain model, Reck, and Long model were found to have a closer resemblance to Wal-Mart’s present model.
14 Pages(3500 words)Essay
Let us find you another Essay on topic The Cost of Wal-Marts Low Prices Should Not Be Too Costly for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us