Sunday, September 03, 2006

The Real Wal-Mart Effect


Mighty Wal-Mart's headquarters in Bentonville, Arkansas, must feel less like a hotbed of retailing and more like a war room.

There is a groundswell of criticism of the world's largest company, primarily focused on its treatment of workers. The recent spate of books on the company is no exception. Some are overtly critical, for example Anthony Bianco's The Bully of Bentonville: How the High Cost of Wal-Mart's Everyday Low Prices is Hurting America. But even books that purport to be balanced and coolly analytical raise questions about the company's economic impact. A case in point is Charles Fishman's The Wal-Mart Effect, which describes the company as having a "decidedly mixed economic impact" largely on the basis of a study claiming that the retailer destroyed more jobs in 2005 than it created.

See full Article.