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Page 1: THE

THE

EFFECT

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

Page 2: THE

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

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MEANWHILE

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

† Grassroots

organizations

† Labor unions

† Community groups…

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MEANWHILE

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

† Low rates of employee health insurance

enrollments

† Resistance to union representation

† Alleged sexism…

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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)

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SO SIMPLE

If you sell something at a really low price…

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SO SIMPLE

Wal-Mart will sell it even cheaper…

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THIS IS ROBINA AKTHER

She has worked at garment factory in

Bangladesh

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THIS IS ROBINA AKTHER

She has sewed clothing for Wal-Mart…

…working 12-14 hours a day

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THIS IS ROBINA AKTHER

Her wage was 14 cents / hour

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THIS IS ROBINA AKTHER

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

her supervisor will beat her with the

textile

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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…

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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.

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WHERE THIS POWER COMES FROM?

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The Wal-Mart effect begins and

ends in the store, while we do

shopping.

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This power comes from us.

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Think before you go shopping in

Wal-Mart next time.

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Hristo

Radichev

[email protected]

http://KonxOmpax.Wordpress.com


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