Wal-Mart is actually good for our economy. You may not get that perspective if you ask someone off the sidewalk what they think of the Low Price giant. Nearly a quarter of Americans believe they’re hurting our financial status even more (despite the fact that almost every person in this country lives within 15 miles of Wal-Mart).
A study spanning the past twenty years has sought to gauge the Wal-Mart effect on local economies for nearly 90 counties across the US. What they found was quite contradictory in comparison to the population’s view of the corporate empire.
Personal income and overall employment grew faster in places with Wally World. Because they factored in the cumulative effect, I’m guessing these growth patterns managed to offset any “Mom ‘n Pop” business failures due to stiff competition.
Even though Wal-Mart puts a bad taste in the mouth of more than 30 percent of Americans, that doesn’t stop anyone from shopping there. Movies like “The High Cost of Low Price” probably have something to do with that. This vicious circle of low pricing and more selection is the basis for obvious economic growth.
But it is interesting to see that this exchange doesn’t just benefit the bottom line on Wal-Mart’s balance sheet. This study proves the trickle-down effect helps everyone in communities with such a giant store.