Walmart: High Price at Low Cost - Analysis and Discussion Report

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This report delves into the critical issues raised by the documentary 'Walmart: High Cost of Low Price,' examining the business practices of the multinational retail giant. The report highlights the documentary's claims regarding the exploitation of workers through low wages, inadequate healthcare, and precarious employment conditions. It also analyzes the negative impact on local businesses, the environment, and the communities where Walmart operates. The analysis includes an examination of the documentary's arguments, the facts presented, and the director's critical tone. The report further discusses issues like the company's supply chain, labor practices in overseas factories, and the use of government assistance programs by Walmart employees. The conclusion emphasizes the need for the company to improve its treatment of its employees, respect local communities, and take greater responsibility for its environmental and social impact. The report uses various sources, including the documentary itself and academic articles, to present a comprehensive overview of the issues.
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Running head: WALMART: HIGH PRICE AT LOW COST
WALMART: HIGH PRICE AT LOW COST
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1WALMART: HIGH PRICE AT LOW COST
Table of Contents
Introduction:-...................................................................................................................................2
Discussion:-.....................................................................................................................................3
Facts:-..........................................................................................................................................3
Analysis:-.....................................................................................................................................4
Conclusion:-.....................................................................................................................................6
References:-.....................................................................................................................................8
Bibliography:-..................................................................................................................................9
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2WALMART: HIGH PRICE AT LOW COST
Introduction:-
Walmart is the US-based multinational retail authority, which is established in 1962. The
“High Cost of Low Price” interrogated with workers and former executives, the documentary
offered a close view of Wal-Mart's strategies, mainly concerning the conduct of Wal-Mart
workers. Robert Greenwald, who was creating this documentary as a coaching tool for advanced
groups around the republic who need to do their portion in reducing the tide of business
insatiability and the shocking treatment of employees (Brave new Films, 2014) . Optimistically
the picture will extent others as well with its situation against Wal-Mart, the dominant company
in the world.
The critical point of the picture is the concerns of social dissimilarity and conflict. The
Wal-Mart proprietors take benefit of social dissimilarity integral in American society and
duplicate those applied in other nations for their workers. This organization is the second major
retail company in the world, engaging with two million staff worldwide. As one of the utmost
respected organizations in the world. Wal-Mart remains to progress their trades yearly while
proposing specific of the lowest charges available. Wal-Mart’s well-known low price assurance
comes at considerable expenditure of the atmosphere, the small industries, education, the truths
and security of the purchaser, but most significantly their workers.
The point that the enthusiastically protected the inside of the supply shielding their
commodities and does not execute the related security outside of the store displays that Wal-Mart
only maintenances about itself (Brave new Films, 2014). According to this documentary,
particularly around 30 municipalities were registered as having severe crimes of carjacking,
assassination, shooting, and attack. Many of them were un-documented due to the absence of
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proper evidence. A mega-corporation that privileges to apply all essential protections and safety
fails to implement its visible benefit. Walmart has also accomplished to be widely documented
as a supply that sells several of today’s green products, counting organic food, ecological
sensible cleaning goods, as well as, paper products prepared from reprocessed paper.
Wal-Mart workers had some victory this previous year in establishing non-union groups
(Brave new Films, 2014). In this time, Wal-Mart staff in central Florida made an employee
cluster, the "Wal-Mart Workers Association," to progress working circumstances and air
objections against these establishments. The antagonistic impression of Wal-Mart on local trades
comes across clear and loud in the several families’ accounts who were essential to close down
their provisions since they could not participate with the massive retailer. They also protest about
the partial benefit given by Wal-Mart by national and local administrations keen to have the big
business in their community.
Discussion:-
Facts:-
Walmart stocks are often short operated, not because they cannot discover workers but
because they want to protect on their work involvements. These originate from the top, and the
business does not budget adequate money for employees. Because this organization does not pay
reasonable salaries, their employers want to go on community support programs. According to
the awful tales of corruption in the parking lots, its Walmart's accountability to defend its
consumers, even outdoor its store. It is also Walmart's accountability to protect every worker in
the form of luxurious benefits packages.
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The documentary even prosecuted the business for permitting its low-income workers to
look at management assistance (Brave new Films, 2014).The documentary director has created
many previous workers from Wal-Mart who tell of extensive abuses. Some persons talk about
not being capable of affording health maintaining plans presented to them and is expressed by
their executives to sign up for Medicaid or other management aided programs instead. The end
outcome of this is a charge to taxpayers of above a billion dollars yearly. Accounts of
discrimination and gender discernment add to the extensive list of protests against these
businesses. According to the deceptive performance, one might assume the Government
authority aggressively took money out of its teaching capital and offered it to Wal-Mart.
One more big concern disturbing the prosperity of the human populace, which is decisive
in the expansion of a stable ecosystem and society, is the effort labor concerns involved in
Chinese workshops. Taking a quicker look at the concerns will expectantly progress awareness
of how upsetting Walmart accurately is to the situation (Brave new Films, 2014) . From
financial, progressive, and ecological positions, Walmart is not the rescuer they claim to be.
Specific claim a Walmart’s’ appearance in public is useful to recover the development and
growth in the community, but others express a different story. Several claim that Walmart is an
excessive way to generate innovative jobs in the community.
They are incompletely correct; between manufacture and progress, plenty of
employments are formed. The filmmaker's approach in this entire film is particularly judgmental
of Walmart and the entire support of the employees' rights to stop this colossal program. The
tone of the director is disdainful, bantering, and hateful. Which is represented over his selection
of words, and attaches his spectators to the desire of his reason.
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Analysis:-
Walmart is an international business that carries small cost merchandise to rural societies,
and conversely, this frequently times end minor town existences and businesses. In these small
towns, there is little rivalry for Walmart, as insignificant household-owned businesses are not
capable of participating with the lesser charges. Walmart damages the metropolitan not only
economically but also ecologically. Large building poisons the metropolitan, and once the city
has become empty and invalid of business, they frequently leave vast impracticable spaces that
cities are enforced for user findings. In outcome, Walmart carries an end to the sluggish paced
calming small urban life. This clip discovers the actual life disasters related to inaugural a
Walmart (Brave new Films, 2014) . The director plays on the Sadness of the spectators by
representing how big businesses incapable of finishing the American vision.
By applying loud and appending music when Walmart manufacture is shown, the clip
more portrays a contrary nature to Walmart. These all make huge reactions by viewing how
Walmart can terminate a household and a town's simple existence which inspires the impression
that Walmart is not a blessing of lesser cost, but somewhat a curse that will finish people's
existence. Last September, the Global Labor Rights Account filed a class-action claim against
Wal-Mart for violating employees' moralities in overseas countries, charging that Wal-Mart
denied the least remuneration, compulsory overtime, and penalized union activity. In certain
circumstances, employees suspected managers attacked them.
The Workplace of Inspector General declared a report dangerous of the Subdivision of
Labor’s payment agreement with Wal-Mart over child worker abuses, appealing that the
Division prepared “important enterprises” and that “severe failures” in the cooperation and
endorsement of the agreement existed. Under the contract, Wal-Mart was penalized more than
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140 million dollars for child labor desecrations happening in the 20th century. Politicians and
child supporter groups interrogated the contract’s provision that Wal-Mart would accept a 15-day
advanced warning before definite workshops would be inspected (Brave new Films, 2014).
There is no motive Wal-Mart must not work in an equally efficient, well-organized method to
make unquestionable that labor regulations are followed. There is no purpose its imposing
sources could not be organized to remedy the regular, continuing tragedy that so several of its
employees face: low salaries and insufficient healthcare.
In this time, Wal-Mart declared that it would increase starting salaries at one-third of its
supplies by about 5 to 7 % in strength to stay modest with other vendors. Just weeks later, this
statement of an uncertain pay increase, Wal-Mart was once again creating captions for every
incorrect reasons-this time for a Texas class-action object claiming hour and salary law
violations (Brave new Films, 2014) . Individual Wal-Mart store executives purportedly worried
employees, by the danger of termination, to terminate the requests and sign a declaration saying
that they did not effort off the clock. Legal representatives for the Wal-Mart workers have
demanded that a central judge order that Wal-Mart stops this practice. However, rights against
the business in this documentary were destabilized by his overstatement and his staunch rejection
to recognize the method Wal-Mart compressed societies paying huge taxes, engaging thousands,
and saving uncountable customers millions of dollars.
Conclusion:-
These multinational retail organizations are struggling with some serious issues, and this
documentary is describing these issues very clearly. This film is presented the affected
employee's perceptions, which are very unfortunate for them. The overseas factory workers are
making goods for Wal-Mart work every day continuously. Every period a branch unlocks, local
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industries are crushed, and inner-city areas are dejected. It has slight concern for the situation,
and the wealth it devotes to an investigation is not to defend customers vulnerable with theft and
other crimes in their car parks, but to possess an eye on its workforce. The films end with
numerous societies that launched effective operations to save Wal-Mart out. The message is
perfect: the store must clean up its people, and the act of goodwill must effort together to create
this happen.
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References:-
Brave new Films (2014) Walmart: The High Cost of Low Price • FULL DOCUMENTARY
FILM •BRAVE NEW FILMS [online video] Available at: https://www.youtube.com/watch?
v=RXmnBbUjsPs [Accessed 5/4/2020]
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Bibliography:-
Ellickson, P.B., 2016. The evolution of the supermarket industry: from A & P to Walmart. In
Handbook on the Economics of Retailing and Distribution. Edward Elgar Publishing.
Glandon, P.J. and Jaremski, M., 2014. Sales and Firm Entry: The Case of Wal‐Mart. Southern
Economic Journal, 81(1), pp.168-192.
Muhammad, A., 2015. Workers ‘Lives, Walmart‘s Pocket. Economic and Political Weekly, 50,
pp.143-150.
Tan, Z., 2017. Application of Discounted Cash Flow Model Valuation–Wal-Mart. Available at
SSRN 3100702.
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