Will Walmart help India or destroy it?
Millions of shop owners in India are fighting for their survival, as the threat of Wal-Mart knocks at the door. While entry for international supermarket giants has been shelved for now, there are those who argue the move would be good for consumers and employment.
To put it very simply, I hate Wal-Mart. This big box store has infested our country by providing goods at a lower price while successfully profiting due to low wages and benefits. Additionally, many of the goods produced by Wal-Mart are now made in China, which is how the store is able to provide such low prices. The Chinese employees are paid ridiculously low wages and work long hours. If a company were to operate in the US as Wal-Mart does in China, here it would be called slave labor and highly illegal.
If Wal-Mart were to enter into India, the same thing will happen there as has happened here in the United States. Many of the family-owned stores will be forced to go out of business. Yes, there will be jobs created via Wal-Mart, however, I believe that when you deduct the jobs lost due to businesses closing down from the jobs created at the stores, there will be a low or possibly a negative net gain of employment.
I really wish Wal-Mart would just go away.