Wal-Mart vs. Mom and Pop - 1758 Words

Amber Ellis English 111 Leslie Bolser November 6, 2011 Is Wal-Mart smothering small town America? As of 1994, Wal-Mart had 2,504 stores across the U.S. and was expected to open 125 more that year (Ortega 205). Wal-Mart stores do over $67 billion dollars in annual sales (Norman 207). Everywhere there is evidence of new establishments being built. It seems that cities are now reaching out further and small towns growing up overnight. Some call it progress; others call it sprawl. One of the most recognizable faces popping up in the new development is the brainchild of Sam Walton, the founder of Wal-Mart. New Wal-Marts are being constructed as currently estimated at the rate of one a†¦show more content†¦Are those claims true? In this article, we use rigorous econometric estimation techniques to examine the rate of self-employment and the number of small-employer establishments in communities where Wal-Mart has entered the market. We find that Wal-Mart has no statistically significant impact on the overall size of the small business sector in the United States. When all is said and done, there are just as many small businesses that are just as profitable despite the presence of Wal-Mart. PREVIOUS ESTIMATION PROBLEMS: The oft-cited estimates of Wal-Mart’s alleged negative impact on small businesses, such as the Iowa example, are misleading for several reasons. First, many of those estimates, found in a series of applied policy studies, lack formal econometric estimating procedures. The studies simply compare averages for counties with Wal-Mart stores to those without Wal-Mart stores. Although the studies have attracted considerable media publicity, they are problematic and misleading because of the deficiency of econometric analysis, which makes it impossible to know whether the differences are statistically significant. Furthermore, without the use of control variables found in standard econometric analysis, the studies ignore the effects of other economic andShow MoreRelatedCase Study : The Walmartization Of America1416 Words   |  6 PagesMotors) Walmart Vs General Motors business policy In my view I think compare to the Walmarts business policies towards the workers are simply pathetic and they are very disheartening. However, the General Motors was far better because they consider the employees and their workers. As Lichtenstein teaches U.S. labor history at the University of California, Santa Barbara, where he is at work on a book about Walmart and 21st century capitalism. In this interview, he compares the Wal-art model of employmentRead MoreStrategic Management And Planning : Walmart Vs. Kmart966 Words   |  4 Pages Strategic Management and Planning: Walmart vs. Kmart How many times a month does the average American step inside a Walmart facility? 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