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Why Walmart Hurts the Economy

In: Business and Management

Submitted By codydaman
Words 887
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Should Antioch Let Walmart Build a Store?

The City of Antioch has had a hard time being innovated over the years. The population has grown and it’s important to keep the level of demand up for the city. The city relies a large amount on small businesses to keep the city economy going, while keeping the citizens happy and safe. Opening up a Walmart superstore may appear to be a good idea, but in the long run it has been proven with evidence that Walmart’s actually add more costs for the city and its people. The first thing building a Walmart will take away is the amount of small businesses that surround the store, along with all their customers and employees. As a result of this taking place, many of the former employees from the smaller stores will end up working for Walmart. The issue with this is the fact that Walmart neither shows its employees respect nor gives them good working conditions, while setting them up for failure by not giving them enough benefits. It’s not a good idea for Antioch to build a Walmart, it simply won’t benefit those who need their jobs and would have a hard time finding a new one.
First off, one big problem with opening up a Walmart superstore is what it would introduce to smaller surrounding businesses. Walmart sells very cheap product, and can usually beat the prices of any smaller business trying to make it in a small town like Antioch. Since Antioch businesses are all competing to win over their customers, opening up a Walmart will take away from the revenue made by these businesses. Walmart has a history of knocking out businesses that are set up near it, since their prices are so low. Walmart doesn’t look to improve communities, only drain them of their money for their own profits. It may seem that it benefits the people which is the most important goal of a city, but in reality it just eats at them in disguise. Not only is this…...

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