Is Walmart Good for America?

Getting to look at work and the economy this week for sociology, many things come to mind of how things I read related to my work and how everything balanced out and how there was a cycle of the economy. We got the chance to look at Wal-Mart, not just the floor where more than hundred thousand products where available to the common family/individual, but we got to see how Wal-Mart ran business and how it managed to offer great incentives, deals, and low prices while its competitors were held by barriers that couldn't allow them to ever go near Wal-Mart’s low prices without think about what great loses they would incur. The question comes down to whether or not Wal-Mart is good or bad for the U.S. In the movie about Wal-Mart, we got to see the effects of business and how Wal-Mart "bullied" in the words of companies that supplied Wal-Mart with goods said when they were ignored and pressured to lower their prices. I think Wal-Mart is good for the common family/individual, but one thing to look at is that so many companies are shut down because they can't sell because they don't to lower their prices, which causes Wal-Mart to think of taking their products of the shelves. Companies have shown in the past to go out of business because their profit was decreasing because Wal-Mart wouldn't decrease the price of the product the company sold to Wal-Mart because their cost to manufacture that product has increased, thus they would need a price increase to cover production cost as well as profit margin. Wal-Mart wants their prices to be low, and have special techniques to making their prices seem low, which stated in the video, sometimes just aren't. Over all, Wal-Mart is good. It allows the weaker companies to rethink how they need to do business and lets the strong companies stay in business. Wal-Mart dominates in retail chain store industries. They have gone worldwide, and have found ways to decrease price, and have allowed people to live a better standard of physical living by providing low prices on products and services (Automotive, i.e. Oil Changes; Pharmacy; Eye Care). They provide low prices and jobs which in the end help our economy. Sure companies shut down because of their practices, but they allow stronger companies to be formed and companies to make better relations with Wal-Mart and for companies to look for smarter and cheaper resources that have stability and won’t increase price over time. Wal-Mart is good for America. It not only helps the common family/ individual, but helps our economy by providing jobs and a market to new products.

ps. did anyone else see the Wal-Mart cheer? love the squiggly line