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I saw an economic study from several years ago showing that the arrival of a Walmart actually stimulated the growth of "Small shops" around the Walmart. That i
by MCRed 11y ago
I saw an economic study from several years ago showing that the arrival of a Walmart actually stimulated the growth of "Small shops" around the Walmart. That it stimulated commerce in the area-- in part because walmart brings in people from quite a distance (especially in rural areas) and the stores showed up to capture that traffic.
- officialchicken 11y agoLink, please. Not that I doubt you, but that kind of statement needs to be backed up. Every study and article I've seen over the past 10+ years that concludes the effect is neutral at best. Directly from the federal reserve bank: "Given some positive and some negative outcomes, it's probably safest to say that Wal-Mart's net imprint on a county's health appears to be smaller than most perceive." [1] [1] https://www.minneapolisfed.org/publications/fedgazette/the-walmart-effect-poison-or-antidote-for-local-communities https://www.minneapolisfed.org/publications/fedgazette/the-w... [2] https://ag-econ.ncsu.edu/wp-content/uploads/2015/12/novdec05.pdf https://ag-econ.ncsu.edu/wp-content/uploads/2015/12/novdec05... [3] http://www.forbes.com/sites/timworstall/2013/03/31/of-course-walmart-destroys-retail-jobs-thats-the-darn-point-of-it-all/#5f7df6c8152b http://www.forbes.com/sites/timworstall/2013/03/31/of-course...