Walmart Destroying The Local Economy Research Paper

1178 Words3 Pages

Why are our local economies declining? Walmarts are taking money and jobs form almost every county in America. Some people believe that Walmarts create more jobs and revenue, but they are actually doing the opposite. Many studies reveal that Walmsrts are destroying our local economies in more way that one. Walmart's have been raising their prices as more competition falls around them; their high prices are effecting more than just the people's grocery budget. The Foundation for Economic Education says, "the absence of rigorous competition (for Walmart) leads to high prices in our communities" making people pay more for their groceries and other necessities (Semmens). Walmarts are getting rid of the customers for local businesses by promising their low prices. The local businesses then close down leading to the rise of Walmart's prices; if there is no competition for them then they can raise their prices as high as they want. The Journalist Resource tells us " a Walmart store actually increases housing …show more content…

The Journalist Resource also tells us that, "the probability of going out of business was significantly higher for establishments closer to a Walmart" making us believe that Walmarts are the reason for our local businesses to leave (Kille and Ordway). Walmarts our liking our local businesses, making it so hard for local business owners to keep their jobs. Most local business owners are loosing their jobs, money, and careers because of the Walmarts coming to our local counties. Kille and Ordway say that "on average, within 15 months of a new Walmart opening as many as 14 local businesses close" causing us to believe that Walmarts are the reason for the decline of businesses (Kille and Ordway). Walmarts coming to our counties is completely destroying our local economies. Eventually, the collapse of our local economies is inevitable. Our local economy is being destroyed by the big box Walmarts coming to our towns and counties, closing all our local

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