Chris Snazell

Interesting article in The Atlantic summarising some recent research suggesting that Walmart makes the communities it operates in poorer than if it had never been there at all.

https://www.theatlantic.com/ideas/archive/2024/12/walmart-prices-poverty-economy/681122/

The Walmart Effect

New research suggests that the company makes the communities it operates in poorer—even taking into account its famous low prices.

The Atlantic
Dec 24, 2024 at 7:06pmTusky
Show threadRobert CassidyDec 25, 2024
@chrissn @SRLevine Diminishing marginal utility has no exceptions yet the US denies it exists at all.
Show threadDave W SmithDec 25, 2024
@chrissn My Dad was involved in economic development in the Midwest in the 90's and 00's. Small town Main Street drying up after a Walmart arrived was known back then. Funny that it's taken this long for a study to catch up.
Show threadDavid SabineDec 25, 2024
@chrissn, I thought this was universally known.
Show threadمحمدDec 25, 2024
@chrissn why Walmart have many problems? Like، their problems is many, so like why?
Show threadAna Francisca 兰兰🏳️‍⚧️Dec 25, 2024
@chrissn Literally what Mercadona is doing in Spain
Show threadraijinDec 25, 2024
@chrissn 😂😂😂 I have a folder of articles from 15 years ago with articles showing this to be factual. A Walmart has the following impacts: it out-competes longstanding family businesses, causing them to shut down, and then hires people who are not specialists to sell those products for an insignificant wage; causes environmental damage due to huge parking lots that wash out surrounding lands when it rains; causes traffic issues; sells cheap junk made in places with even poorer labor practices.