Submitted by: Submitted by Lombardtim
Views: 291
Words: 351
Pages: 2
Category: Business and Industry
Date Submitted: 02/03/2013 09:32 AM
Walmart - High cost of low prices
Walmart
* 5 members of the Walton family are in the top 10 for richest people in the world.
* Receive Subsidies from towns to open in their town
* Chicago they receive tiff money
* Don’t buy American products
* Walmart is a monopoly and ran out other monopolies to get to where they are
* Opposed to unions, does everything it can to stop the unions from coming in legal or illegally
* They intimidate employees, put up cameras, have management follow employees around store, get new employees to dilute votes for the union.
* Throughout US walmart received 1.008 billion dollars through subsides
* In Illinois alone 100 million in subsides
* Imported 18 billion dollars from china
* 189 thousand women from Bangladesh that sew for walmart
* Lee Scott in 2005 27,207,799 and the walmart employ made almost 14,000 in a year
* In 2004 the Walton family gave less the 1% of their wealth to charity while bill gates gave 58%
* Big Box
Ruining lives for family owned businesses
* Hunter family- 43 years of business run out by walmart
* Esry family- Run out by walmart with no help from the town
* “destroy free enterprise and run out ma and pa stores.
Lawsuits
* Unpaid wages
* Different Lawsuits are in 31 states for wage and other cases
* Illegal immigrate case
* Women
* EPA violations
* 80% of crime happens in their parking lots and they’ve done nothing
* Walmart protects their property but not their customers
* Many communities have successfully fought against letting walmart come into their town
Walmarts Employees
* Charging 75 dollars per payday for medical insurance
* Try to keep employees part time so they cant receive benefits
* Employees should seek federal benefits Section 8, Food stamps, WIC, Healthy kid, Medicaid *cost California tax payers 86 million dollars for the walmart employees on public aid
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