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However, one item most critics fail to mention is that Wal-Mart creates consumer welfare. Throughout this paper, I will analyze each criticism of Wal-Mart and sufficiently cite evidence proving the greater good that is realized with the existence of Wal-Marts worldwide.
Wal-Mart Costs Jobs
Critics of Wal-Mart and other big-box discount stores argue that jobs are lost due to two reasons: First, local retailers and other local businesses are forced to close as a result of the inability to compete with the lower prices. Second, the selling of foreign goods by Wal-Mart cuts revenues for domestic nonretail industries which in turn causes layoffs...
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