Walmart's Impact on Economy

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new Walmart research

The Atlantic

•

Technology

No corporation looms as large over the U.S. economy as Walmart

Summary

Nutrition label

82% Informative

Two new research papers use novel methods to isolate Walmart ’s economic impact.

They find that the costs Walmart imposes in the form of not only lower earnings but also higher unemployment in the wider community outweigh the savings it provides for shoppers.

On net, they conclude, Walmart makes the places it operates in poorer than they would be if it had never shown up at all.

New research shows that Walmart has a negative effect on income and wealth in some areas.

David Furman : Workers in counties where a Walmart opened experienced a greater decline in earnings than they made up for with cost savings.

He says the findings call into question the legal and conceptual shift that allowed Walmart to get so big in the first place.

Furman asks: If Walmart is the bargain for American communities, it appears to be not.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English