Log in

Are the Walmart prices worth it?

William Reed-160If you don't know about it, there is an ongoing fight between Walmart and the union movement.

The political battle being played out in Washington, D.C. is over the "living wage bill." But that is just the latest ploy in a longer war in years to come between the retail giant and America's primarily-black, Democratic-and-union-controlled urban enclaves.

The retail behemoth won its game of chicken with the D.C. City Council over a living wage bill it had passed requiring large retailers operating in the District to pay its workers a "living wage" minimum of $12.50 an hour (minimum wage in D.C. is $8.25 an hour).

Despite strong ties with unions, Mayor Vincent Gray vetoed the council's bill on the premise Walmart will open six stories there, creating an estimated 1,800 much-needed jobs. The promise of jobs, even low wage ones, and cheap consumer goods proved more attractive to D.C. residents than the wage issue.

Depicted as the Grinch who stole Christmas, Walmart is simply a successful business operation that has been subjected to criticism by numerous groups and individuals. Among these are labor unions, community groups, grassroots organizations, religious organizations and environmental groups that have spent years protesting against the company's policies and business practices, including charges of racial and gender discrimination.

A major factor in the issue is that Walmart currently faces its most serious unionization threat since its founding in 1962. For decades, the company's strategy of placing stores in small towns and rural areas kept it largely free of union pressure. But in recent years, Walmart has been pushing into the heavily unionized supermarket industry, as well as into big cities where workers are more pro-organized labor.

In 2009, Walmart generated 51 percent of its $258 billion sales in the U.S. from their grocery businesses. In the grocery business, union members average $30,000-a-year wages and benefits. In 2005, labor unions created new organizations and websites to influence public opinion against Walmart, including Wake Up Wal-Mart (United Food and Commercial Workers) and Walmart Watch (Service Employees International Union).

Walmart is a dominate force in the world. Walmart has 8,500 stores in 15 countries, under 55 different names. Walmart is the largest private employer in the U.S., with nearly 1.4 million workers in 4,602 stores. The company's efficiency in stores and throughout its supply chain has remade the retail industry. The company is a success because it sells products that people want to buy at low prices.

However, Walmart's critics argue that Walmart's lower prices draw customers away from other smaller businesses, hurting the community. They also claim that Walmart hurts the U.S. economy because of excessive reliance on Chinese products.

Wal-Mart Stores, Inc., branded as Walmart. The company was founded by Sam Walton in 1962 and is headquartered in Bentonville, Ark. Walmart is primarily a family-owned business, with the Walton family owning a 48 percent stake. The company operates in three business segments: Walmart U.S., Walmart International, and Sam's Clubs. The Sam's Club retail warehouses in North America are under the leadership of an African woman, CEO Rosalind Brewer.

When will blacks realize that there are bigger stakes for them in entrepreneurship than squandering resources on "minimum wage" entry-level jobs? It's a matter of mindset. Instead of protesting Walmart, wouldn't it make sense to invest in the world's fastest-growing retailer?

Black investment clubs may find that Walmart is a good place for their money. During the late 1980s and early 1990s, Walmart rose from a regional to national giant. By 1988, Walmart was the most profitable retailer in the U.S. and by October 1989 it had become the largest in terms of revenue.

Unions and the Democrat Party are frequently allied in urban settings, but "living wage" minimums are not economic development strategies that will yield the kind of benefits urban residents need or desire.

(NNPA columnist William Reed is head of the Business Exchange Network.)


0 #31 daybeds with 2014-11-26 06:47
Ahaa, its pleasant dialogue concerning this piece
of writing at this place at this blog, I have read all that, so at this time me also commenting here.

Feel free to surf to my web site ... daybeds with trundles: http://daybedswithtrundles.com
0 #30 http://www.wallart- 2014-11-19 21:10
I read this post completely on the topic of the
difference of latest and preceding technologies, it's amazing article.

Also visit my web page :: Affordable Canvas Wall Art - http://www.wallart-direct.co.uk/canvas-art-prints-wall-decor: http://www.wallart-direct.co.uk/canvas-art-prints-wall-decor,
0 #29 Daybedswithtrundles. 2014-11-18 22:14
I have been surfing online greater than three hours lately, yet I by no means found any attention-grabb ing article like yours.

It's beautiful worth enough for me. Personally, if
all website owners and bloggers made good content as you did,
the internet might be much more helpful than ever before.

Here is my web-site: daybeds with trundles (Daybedswithtrundles.com: http://Daybedswithtrundles.com)
0 #28 http://www.mohka.co. 2014-09-21 12:00
Yes! Finally someone writes about Cheap
Canvas Prints.
0 #27 pooh wall decals 2014-09-12 15:09
Why visitors still use to read news papers when in this technological globe the whole
thing is accessible on net?

Here is my web-site ... pooh wall decals: http://pinkwood.blogspot.co.uk/2011/07/gangsters-guns-zombies.html
0 #26 plus size mini 2014-08-23 01:49
Your mode of describing everything in this piece of writing is actually fastidious, all be able
to without difficulty understand it, Thanks a lot.
0 #25 sexy plus size 2014-08-23 00:32
Hi there I am so grateful I found your webpage, I really found you by mistake,
while I was searching on Digg for something else, Regardless I am here now and would just
like to say cheers for a tremendous post and a all round thrilling blog (I
also love the theme/design), I don't have time to read it all at the
moment but I have bookmarked it and also added in your RSS feeds,
so when I have time I will be back to read more, Please do keep up
the excellent work.
0 #24 PlusSizeOnly 2014-08-21 11:11
Every weekend i used to go to see this site, because i want enjoyment,
since this this web page conations really nice funny material too.
0 #23 Plus Size Sexy 2014-08-21 11:02
Awesome article.
0 #22 Plus size clubwear 2014-08-21 10:16
I was pretty pleased to discover this page. I want to to thank you for
ones time due to this fantastic read!! I definitely savored every bit of it and I have you bookmarked to see new information in your blog.
0 #21 Plus Size Sexy 2014-08-21 09:56
Helpful info. Fortunate me I found your web site by chance,
and I am surprised why this accident didn't took place earlier!
I bookmarked it.
0 #20 plus size Club Wear 2014-08-18 08:07
I've been exploring for a bit for any high-quality articles or weblog posts in this sort of space .

Exploring in Yahoo I ultimately stumbled upon this
website. Reading this info So i'm happy to express
that I have an incredibly good uncanny feeling I came upon exactly what I needed.
I so much indisputably will make certain to don?t forget this website and give it a glance regularly.

Add comment

Security code