Walmart employs more than 2.1 million associates worldwide, including more than 1.4 million in the United States. Walmart is not only one of the largest private employers in the U.S., but the largest in Mexico and one of the largest in Canada as well.
Sure - Walmart only provides 1.4 million measley US jobs to the economy, but that is just part of the story. Walmart's big accomplishment- was providing products for less cost to millions of American consumers.
And that was BIG- That's like giving everyone who shops there a raise- because his or her dollars went that much further there. Walmart has saved the American consumer countless billions of dollars because they were able to pay less than what an item would cost somewhere else.
I say WAS because I believe since becoming a target of the political left- Walmart is no longer in a position to be as much of a benefit to the US economy as it was in the past.
Multiple lawsuits and a constant barrage of protests and badmouthing and whining have reduced Walmart to bow to political correctness- the company now provides low cost health insurance and other benefits to it's employee's, including a discount for anything the employee may want to purchase.
All of this costs money- and the customers who shop at Walmart are the ones who pay for this. I have noticed prices starting to rise there even before the recent commodity increases.
Of course - this was never a part of the business model at Walmart. Like McDonalds, 7-11, K-mart and Target, the business model priority was not to provide a quality career opportunity for it's employee, it was to provide products at the lowest possible cost to the American consumer.
None of those other companies are being pounded with law suits- it seems like everyone can accept the fact that Mc Donalds only pays minimum wage, but for Walmart they are the devil for even trying to do this. The jobs at Walmart - like Mc Donalds do not require a tricky skillset- pretty much anyone still breathing and able to walk can do this work. The employment pool is vast for such jobs- minimum wage is all these people are worth.
Anyone who wants to make more than that is free to develop a skill that narrows the employee pool down so that supply and demand economics allow for a higher wage, because at walmart and Mc donalds- almost everyone is employee potential.
In some towns across the country, a job at Walmart is the best job in town. Near big cities, it's just another minimum wage opportunity like the fast food jobs.
As a consumer, I would prefer Walmart to pay only minimum wages, drop the health care benefits and get back to the original business plan, offer the lowest cost for a comparable item to the consumer. This would also offer the shareholder the best chance at shareholder profits.
But that's not going to happen.
I think Walmarts best days are behind it- Like Sears before it- it is now on a downhill slide. America is now ready for the next great idea- a new company with a business model that has not been beat to death by the political left.
It's sad really- the left has ruined another great American company- but there's nothing new there!