18
THE EFFECT Key & misinterpreted facts from: Charles Fishman’s ‘The Wal-Mart Effect’, 2006
THE
EFFECT
Key & misinterpreted facts from: Charles Fishman’s ‘The Wal-Mart Effect’, 2006
MEET $ The world’s largest public corporation by
revenue$ The largest private employer in the world
$ The largest grocery retailer in the USA
$ The largest toy seller in America$ Each year 93% of the American households do shopping in some Wal-Mart store at least once
$ In 2006 around 7,2 billions of people will enter some of the Wal-Mart stores
MEANWHILE
Wal-Mart was criticized by: † Women’s rights groups
† Grassroots
organizations
† Labor unions
† Community groups…
MEANWHILE
Wal-Mart was criticized for: † Extensive foreign product sourcing
† Low rates of employee health insurance
enrollments
† Resistance to union representation
† Alleged sexism…
GROWTH 100 Wal-Mart stocks bought in 1970-1981 and kept for 15 years have a value of 150 000 USD
100 Wal-Mart stocks bought in 1970-1981 and kept for 20 years have a value between 300 000 and 1 700 000 mln USD
100 Wal-Mart stocks bought in 1981 and kept for 15 years have a value of 340 000 USD
BUT…
100 Wal-Mart stocks bought in 1990 and kept for 15 years have a value of 20 000 USD(because Wal-Mart have hired thousands of new employees)
SO SIMPLE
If you sell something at a really low price…
SO SIMPLE
Wal-Mart will sell it even cheaper…
THIS IS ROBINA AKTHER
She has worked at garment factory in
Bangladesh
THIS IS ROBINA AKTHER
She has sewed clothing for Wal-Mart…
…working 12-14 hours a day
THIS IS ROBINA AKTHER
Her wage was 14 cents / hour
THIS IS ROBINA AKTHER
If she doesn’t sew 120 pants in an hour,
her supervisor will beat her with the
textile
THIS IS ROBINA AKTHER
If she works like this for 50
years, she will earn a total of
16 200 USD.The Wal-Mart profit for 2005
is 19 597 USD…
THIS IS ROBINA AKTHER
If she works like this for 50
years, she will earn a total of
16 200 USDThe Wal-Mart profit for 2005
is 19 597 USD…
… in a minute.
WHERE THIS POWER COMES FROM?
The Wal-Mart effect begins and
ends in the store, while we do
shopping.
This power comes from us.
Think before you go shopping in
Wal-Mart next time.
