Wal-Mart and Country Wide Poverty (Precis)

Wal Mart and Country Wide Poverty ever since its existence, much controversy and debate have surrounded the benefits and downfalls of the Wal Mart corporation within society. The purpose of this precis is to summarize the article Wal-Mart and Country-Wide Poverty by Stephen J. Gotez and Hema Swaminathan. Wal Mart is the most successful Big box retailer in the world with 4750 stores worldwide and 3,600 in the United States. Much of its success arises from the position that it offers lower prices to consumers.At face value this is a good social occasion because it makes consumer goods more easy to purchase, therefore encouraging people to spend currency and stimulate the economy. This has been proven to reduce annual inflation rates, lower the absolute poverty threshold and contribute to economy-wide productivity gains. Unfortunatley, the price of this is destroying up and advent mom and pop small buisineses that find it difficult to compete with bigger corporations such as wa l mart. By doing this, they ar taking away pregnant employment from many people.Some of these people include the wholesalers for these small companies, employees and of class the business owners themselves. All of whom have invested a lot of time, money and case only to be put out of a job. The ironic function is that most of these unemployed individuals are turning to Wal Mart itself to replace their cause jobs, as Wal Mart employs about 2% of the average countries workforce. Unfortunatley, these jobs often carry low wages, and offer part time work rather than generous time work. This results in many people failing to earn luxuriant money to make ends meet.As a result, the poor and unemployed are living from government income such as EI and Welfare for survival. This is a difficulty because these services are paid for indirectly by the taxpayers of the country. Furthermore, the government could be putting that tax money towards things that could advance themselves as a nat ion, such as education, healthcare and scientific developments. It seems that by failing to accommodate the in the public eye(predicate) with available work, we are slowing down overall progress towards a brighter future and better society.In sum, while Wal Mart offers lower prices and increase convenience to the public, we must remember to read between the lines and realize that there is more to the story than this. We as a society must answer if the cost for convenience is too great to be paid, and if not, then what bed we do about it? Reading articles such as this will give up consumers with valuble insight towards Big box companies and encourage thinking with a sociological mind when choosing where to shop.