Momentary Observation- Walmart and the Economy

18 January 2016

Walmart recently announced the closing of some 269 of its stores around the world. While it may signal the end of the world to some, that Walmart, the largest company in the world, is downsizing, in truth it had to happen. Everything comes to an end. And in this case, the end can’t come soon enough. I think most people are aware of Walmart’s horrid record of… just about everything. But here is a fact that was new to me, from the Wall Street Journal online:

“A report from House Democrats in 2013 found that a single 300-person Wal-Mart Supercenter store in Wisconsin costs taxpayers at least $904,542 per year, or about $5,815 per employee.”

The Walmart closings will eliminate 10,000 jobs in the US. In the long run, I can’t help but wonder how much money that will save us.

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