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Unfortunately, the vast wealth that Wal-Mart is sucking out of our communities is not put back into our communities. The profits are funneled out to Wal-Mart executives and shareholders. We may enjoy the low prices, but very little of the money that we give to Wal-Mart gets recycled in our local areas.
We are losing millions of good jobs that cannot be replaced. If you can believe it, the United States has actually lost an average of about 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.
Last year, the U.S. trade deficit with China was the biggest trade deficit that one nation has had with another nation in the history of the world, and Wal-Mart played a huge role in that.
In fact, Wal-Mart has actually been forcing some U.S. manufacturers to pack up and move overseas.
In the old days, you could actually support a family selling electronics or running a general store. But you can't support a family working at Wal-Mart. The vast majority of the jobs that Wal-Mart creates are very low paying. Large numbers of Wal-Mart employees are actually on welfare, and this is part of the reason why we have seen such an explosion in the number of the working poor in America.
#11 The CEO of Wal-Mart makes more in a single hour than a full-time Wal-Mart associate makes in an entire year.
#11 The CEO of Wal-Mart makes more in a single hour than a full-time Wal-Mart associate makes in an entire year.
#12 Tens of thousands of Wal-Mart employees and their children are enrolled in Medicaid and are dependent on the government for healthcare
#13 Between 2001 and 2007, the value of products that Wal-Mart imported from China grew from $9 billion to $27 billion
Originally posted by cconn487
Walmart was a good idea, I think they just went a tad overboard with it.
2) Force all retailers in the USA to source at least 80% of their goods from USA manufacturers, in a ramp up, 5 year period. This would allow time for new manufacturing to sprout back up in America. This should extend to raw materials as well, where possible
Originally posted by Mapkar
reply to post by Infi8nity
I agree completely. Large corporations are terrible for us. The problem is, we are so accustomed to "low prices" that even if we could bring back the small stores no one would buy anything because the prices would be higher.
Economies of scale not only increase supply and demand, but they also increase problems associated with the businesses as well. Just look at Detroit. As vehicle manufacturing scaled up, it was driven overseas in the name of increased profits and labor savings. Now it's a mess. Soon enough, our entire nation will be the same way.
Originally posted by Zarniwoop
reply to post by TrueAmerican
2) Force all retailers in the USA to source at least 80% of their goods from USA manufacturers, in a ramp up, 5 year period. This would allow time for new manufacturing to sprout back up in America. This should extend to raw materials as well, where possible
I like the idea at a high level, but this would put a lot of retailers out of business and people out of jobs. For example, most apparel is sourced overseas and many retailers simply could not survive such a transition.
I'm more a fan of providing incentives (taxes, etc) to retailers who source domestically,
In the long run it would create a hell of allot more jobs.