Wal-Mart

Overall, the one thing that surprised me most is how much Wal-Mart out sources they’re production to other companies. When I view Wal-Mart I view them almost as a strictly “American” company. I also didn’t realize how many other companies went bankrupt just because of how big Wal-Mart is, I’m surprised Wal-Mart played that big of a role in other businesses. When I found how much they outsourced, it surprised me. From a business stand point I believe what Wal-Mart does is fair. On the other hand the book discusses ethics and although what Wal-Mart is doing is good for their business, workers in China are only making 9 dollars a month.  I believe if they offered these jobs to Americans first I would be behind them but only if it came with the right pay, but with the economy like it is now I don’t think its fair, but I do understand that Wal-Mart is a business seeking a profit. Due to outsourcing, more factory type jobs are created, yet they are created for other countries. Jobs that are eliminated are American jobs because they believe that they can waste less money and achieve more profits by paying foreigners in other countries less than what they would pay Americans. I believe that the consumers gain the most from Wal-Marts price policy. Wal-Mart offers the lowest prices to consumers, although Wal-Mart is also benefiting from this because products it sells and how many customers they have. I try to always shop American, because I am pro-American and after viewing this video Wal-Mart gives me doubts about them. I believe that companies that associate with Wal-Mart benefit because they have a great sense of advertising as seen with the Rubbermaid commercial and the amount of customers they attract, also I believe the companies that have competition with Wal-Mart do not benefit because they have such a big role on consumers. The consumers also definitely benefit because of the low prices. Lastly, the American working class does not benefit because they are losing jobs to other countries. Factory workers lose jobs because they company closes the factory to rebuild it in foreign companies. I believe that first off that all companies should worry about their employees and customers. The employees help work and keep the company running, and the customers provide the profits. I feel as though those should be Wal-Marts top priorities.