this post was submitted on 26 Dec 2024
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Summary

Two studies reveal that Walmart’s entry into communities lowers household incomes by 6% over 10 years and increases poverty by 8%, even when accounting for cost savings.

Its practices, such as undercutting competitors, suppressing wages, and squeezing suppliers, harm local economies by reducing employment and forcing smaller businesses to close.

Walmart’s “monopsony power” enables it to pay lower wages and dominate suppliers, compounding these effects.

The findings challenge the idea that low prices alone benefit communities, emphasizing long-term economic harm.

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[–] FireRetardant@lemmy.world 78 points 1 year ago* (last edited 1 year ago) (3 children)

Wastes vasts amounts of urban land on parking instead of housing or more businesses

Is often so deep in parking lots and strip malls its impossible to walk to

Cheap prices and cheap chinese manufacturing to help eliminate local competition

Massive corporation has more bulk buying power than local competition

Designed to be a one stop shop, fix your car, buy a tv and grab some food

Self checkouts pays robots instead of people in the community the store is in

The people who do work there are paid shit wages for life, often not even keeping up with inflation meaning they actually get paid less every year

Probably paying less taxes than they should be for the amount of space the business takes up and the amount of traffic generated

Helps promote car centric design which is a terribly ineffecient and expensive way to move people within an urban area.

[–] negativenull@lemmy.world 45 points 1 year ago

All profits are exported out of the community, instead of staying/swirling about the community.

More than half of Walmart's employees are on food stamps or some other form of government assistance. So along with everything else, our tax money goes to pay their employees because they won't.

I call that a tax break, paying shit wages, AND ruining the local area by making everybody more poor all rolled into one because Walmart employees often shop at Walmart for their employee discount (because they can't afford to shop elsewhere on their poor wages), meaning that their wages go right back into the company's coffers right alongside our tax dollars.

[–] dependencyinjection@discuss.tchncs.de 7 points 1 year ago (1 children)

I agree with all points. I just wonder how much the robots get paid.

[–] FireRetardant@lemmy.world 7 points 1 year ago

I guess technically they pay the company that designed the self checkouts then pay their upkeep in electricity and maintaince. But just you wait for the AI self check outs. It will become self aware and start taking a cut for itself to buy memecoins.