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It potentially makes sense because Walmart employees are also part of the community, and Walmart doesn't pay very much. It also won't employ as many people as a

It potentially makes sense because Walmart employees are also part of the community, and Walmart doesn't pay very much. It also won't employ as many people as all the stores it displaces did. Additionally, Walmart has extremely well-established multinational supply chains, and probably won't need to source much of its stock from the local community. If they do need to buy anything locally, they can pay absolutely rock-bottom prices once they've pushed out competitors and they are the only buyer. If you shop at Walmart but otherwise have no other exposure to the retail sector, then as an individual you are probably financially better off. But looking at a community as a whole, the negative effects on retail employees and local suppliers apparently outweigh these individual gains.

dawnerd 2y ago
Walmarts pays the same min wage as every other grocery store so that’s not it. And they employ a heck of a lot more. Vons maybe has three people at any time. WM also carries local produce and products. I’m sure there’s some cherry picked examples out there but the vast majority of cities are probably benefiting from a large anchor store.
- peutetre 2y ago
  Many Walmart employees are not paid a livable wage. Walmart is a major beneficiary of corporate welfare: https://www.forbes.com/sites/clareoconnor/2014/04/15/report-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance/ https://www.forbes.com/sites/clareoconnor/2014/04/15/report-... https://www.cnbc.com/2020/11/19/walmart-and-mcdonalds-among-top-employers-of-medicaid-and-food-stamp-beneficiaries.html https://www.cnbc.com/2020/11/19/walmart-and-mcdonalds-among-... https://laborcenter.berkeley.edu/a-downward-push-the-impact-of-wal-mart-stores-on-retail-wages-and-benefits/ https://laborcenter.berkeley.edu/a-downward-push-the-impact-... American tax payers are paying billions to make up the difference and subsidize Walmart's substandard wages. Walmart privatizes its profits and socializes its costs.

dawnerd 2y ago

Walmarts pays the same min wage as every other grocery store so that’s not it. And they employ a heck of a lot more. Vons maybe has three people at any time. WM also carries local produce and products. I’m sure there’s some cherry picked examples out there but the vast majority of cities are probably benefiting from a large anchor store.

peutetre 2y ago
Many Walmart employees are not paid a livable wage. Walmart is a major beneficiary of corporate welfare: https://www.forbes.com/sites/clareoconnor/2014/04/15/report-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance/ https://www.forbes.com/sites/clareoconnor/2014/04/15/report-... https://www.cnbc.com/2020/11/19/walmart-and-mcdonalds-among-top-employers-of-medicaid-and-food-stamp-beneficiaries.html https://www.cnbc.com/2020/11/19/walmart-and-mcdonalds-among-... https://laborcenter.berkeley.edu/a-downward-push-the-impact-of-wal-mart-stores-on-retail-wages-and-benefits/ https://laborcenter.berkeley.edu/a-downward-push-the-impact-... American tax payers are paying billions to make up the difference and subsidize Walmart's substandard wages. Walmart privatizes its profits and socializes its costs.