Laserfiche WebLink
AttachmentG <br />Although Wal-Mart has overcome the challenge of fitting its stor <br />these smaller stores continue to bring negative overall economic <br />where they are located. The retail giant is undertaking a major <br />however, the corporation has made only minor concessions and the <br />and tax revenues are not realized. <br />The overwhelming weight of the independent research on the impac <br />and national economies – including jobs, taxes, wages, benefits, <br />retail businesses – shows that Wal-Mart depresses area wages and <br />the current decline of good middle class jobs, pushes out more r <br />results in more retail vacancies. There is no indication that sm <br />scattered throughout a dense city in any way diminish these nega <br />developments may actually result in more widespread economic dis <br /> <br />1.Wal-Mart’s Economic Impacts: Net Loss of Jobs, Fewer Small Busin <br /> <br /> Wal-Mart store openings kill three local jobs for every two they <br />· <br />reducing retail employment by an average of 2.7 percent in every <br />6 <br />enter. <br /> <br /> Wal-Mart’s entry into a new market does not increase overall reta <br />· <br />7 <br />employment opportunities. Research from Chicago shows retail employment did <br />not increase in Wal-Mart’s zip code, and fell significantly in th <br /> <br /> <br /> Wal-Mart’s entry into a new market has a strongly negative effec <br />· <br />8 <br />retailers. Supermarkets and discount variety stores are the most adversely <br />9 <br />affected sectors, suffering sales declines of 10 to 40% after Wa <br />Page20of95 <br /> <br />