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walmarts bad for economy? (i dont know if this is the right section sorry)

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swangin and bangin:
how is walmart bad for the economy? i always hear that but dont get it. i heard theres a movie out but i never seen it. theres a walmart by my house house and its open 24 hours, its always jam packed, when u drive by theres madd people goin in and out.

Dubz:
it monopolizes by carrying a shitload of stuff at cheap prices, wiping out mom and pop shops that cant afford to carry shit for that cheap. with no mom and pop shops, theres no competition or moderation of retail. and somehow i guess that lowers the economy... someone clarify...

Lincoln:
It's the opposite, Wal-Mart is great for the economy. It provides jobs at half-decent wages to people who otherwise would not find work (such as the elderly, students, perpetually unskilled and therefore unemployed.)

swangin and bangin:

--- Quote from: Lincoln on January 01, 2007, 08:43:00 PM ---It's the opposite, Wal-Mart is great for the economy. It provides jobs at half-decent wages to people who otherwise would not find work (such as the elderly, students, perpetually unskilled and therefore unemployed.)

--- End quote ---
thats not what i heard, even my teacher told the class to not shop at walmart.

Mo Z. Dizzle:
negative: it reduces competition; if competition runs out, ppl are forced to shop at Wal-Mart for products and will have to pay the price at whatever Wal-Mart sets it at.

positive: by having lower prices, competition will also have to try and lower prices; good for consumers since they have options for now; and it also gets consumers to shop more which brings money into the economy; then money is used in different parts of the coutnry's infrastructure

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