When Wal-Mart was in rapid expansion mode, they had an early adverse effect on the downtowns of many small communities, but most of them have bounced back with businesses that do not compete with the local Wal-mart (formal clothiers, appliance centers, restaurants etc.). Economies adjusted and often thrived. Wal-Mart drove down prices, reduced waste in the economy and in the end helped fuel the boom times we all enjoyed. Their supply chain model became the world standard for efficient distribution of goods. They provided cheap and readily available access to good for people who otherwise would have gone without. The average Wal-mart carries a selection of goods previously never dreamed of by most small towns. It was the old Sears catalog come to life and then some.
You all enjoyed the benefits of their efforts whether you shopped there or not through cheaper goods and services and increased liquidity of the marketplace.
Today, most issues with Wal-mart are focused more on the bad behavior of individual managers rather than policies of the corporate parent. Wal-mart doesn't aim to employee the best and brightest and they sometimes suffer for that. However, they do provide employment for people who otherwise might struggle to find it. They are a fair employer. They have maintained their employment and benefit/pay levels while many more commonly praised or accepted ones have dumped employees left and right or forced workers to take pay cuts or reduced benefits. (Auto workers anyone?)
Humana just announced it is cutting 2500 jobs. Unemployment is in double digits. Wal-mart is still expanding.
Is everyone who works at Wal-mart happy? I can guarantee not. Does every manager run their store well and treat their employees with respect? I can guarantee not.
Does that make Wal-mart a bad company? Nope. They are no worse than any other entity in corporate America. Each encounter is only as good as the person you encounter.
Wal-mart is not evil, and they are actually working hard to be as good a corporate member of the global economy as their profit margins will allow. Their goal, after all, is to make money.
As is the same for the local farmer, restauratuer, brew master, free lance food critic.....
