Wal-Mart: Wrecking the American economy one smile at a time?

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Wal-Mart: Wrecking the American economy one smile at a time?

    In today’s world, it is all about making a quick buck. This can be seen by both sides of the spectra: large companies will sell products for less to entice more people to buy their products. By doing this, they are making a profit and driving their competition out of business and the consumer gets the product for cheaper. This really does not benefit anyone except for the corporate executives. By supporting large corporations, one is taking money out of their counties or cities’ economy and putting it in the wallet of the big corporate pigs. From Wal-Mart to the Bestbuy, lager corporate chains are putting local hardware stores and other father-son esq. companies out of business.

The Problem
    The “made in the USA” sticker is getting harder and harder to find in this present day world of outsourcing. Since large corporations are able to have their products made in Asian and other third world nations where the labor makes an average of ten cents an hour in a sweat shop. In the United States, the minimum wage is six dollars and seventy-five cents, therefore, it cost a lot more to have product produced domestically. A product that might take an hour to produce with a cost of one dollar would cost a sweat shop one dollar and ten cents to produce as opposed to seven dollars and seventy-five cents in the United States. These two identical products can sit next to each other on the shelf, with a price tag of...

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Submitted by: TjK8392
Date Submitted: 01-24-2011
Category: Politics
Words: 1517
Pages: 6.07