THE

THE

EFFECT

Key & misinterpreted facts from: Charles Fishman’s ‘The Wal-Mart Effect’, 2006

MEET $ The world’s largest public corporation by

revenue$ The largest private employer in the world

$ The largest grocery retailer in the USA

$ The largest toy seller in America$ Each year 93% of the American households do shopping in some Wal-Mart store at least once

$ In 2006 around 7,2 billions of people will enter some of the Wal-Mart stores

MEANWHILE

Wal-Mart was criticized by: † Women’s rights groups

† Grassroots

organizations

† Labor unions

† Community groups…

MEANWHILE

Wal-Mart was criticized for: † Extensive foreign product sourcing

† Low rates of employee health insurance

enrollments

† Resistance to union representation

† Alleged sexism…

GROWTH 100 Wal-Mart stocks bought in 1970-1981 and kept for 15 years have a value of 150 000 USD

100 Wal-Mart stocks bought in 1970-1981 and kept for 20 years have a value between 300 000 and 1 700 000 mln USD

100 Wal-Mart stocks bought in 1981 and kept for 15 years have a value of 340 000 USD

BUT…

100 Wal-Mart stocks bought in 1990 and kept for 15 years have a value of 20 000 USD(because Wal-Mart have hired thousands of new employees)

SO SIMPLE

If you sell something at a really low price…

SO SIMPLE

Wal-Mart will sell it even cheaper…

THIS IS ROBINA AKTHER

She has worked at garment factory in

Bangladesh

THIS IS ROBINA AKTHER

She has sewed clothing for Wal-Mart…

…working 12-14 hours a day

THIS IS ROBINA AKTHER

Her wage was 14 cents / hour

THIS IS ROBINA AKTHER

If she doesn’t sew 120 pants in an hour,

her supervisor will beat her with the

textile

THIS IS ROBINA AKTHER

If she works like this for 50

years, she will earn a total of

16 200 USD.The Wal-Mart profit for 2005

is 19 597 USD…

THIS IS ROBINA AKTHER

If she works like this for 50

years, she will earn a total of

16 200 USDThe Wal-Mart profit for 2005

is 19 597 USD…

… in a minute.

WHERE THIS POWER COMES FROM?

The Wal-Mart effect begins and

ends in the store, while we do

shopping.

This power comes from us.

Think before you go shopping in

Wal-Mart next time.

Hristo

Radichev

Hristo.Radichev@mail.bg

http://KonxOmpax.Wordpress.com