Posted By LocalShops1,
Wednesday, March 06, 2013
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It is estimated that 100 million customers visit Wal-Mart
every single week making Wal-Mart, by far, the biggest and most influential corporation in the United States. And being such a large and influential corporation means they often are granted subsidies and tax breaks, giving them a clear advantage over the local mom-and-pop shop. Not fair ? We don't think so, either.
Here are 10 other facts about Wal-Mart, via ActivistPost. Prepared to be shocked.
LocalShops1, est. 2008, is Tampa Bay's leading advocate for small businesses. To learn more, check out the Advocacy tab up top.
- The average family in the United States spends more than $4,000 a year at Wal-Mart.
- In 2010, Wal-Mart had revenues of $421 billion. That amount
was greater than the GDP of 170 different countries including Norway,
Venezuela and the United Arab Emirates. If Wal-Mart were a nation, it would have the 23rd largest GDP in the world.
Wal-Mart sells more groceries than anyone else in America does.
In the United States, one of every four grocery dollars is
spent at Wal-Mart.
- Wal-Mart has opened more than 1,100 "supercenters" since 2005.
According to the Economic Policy Institute, trade between Wal-Mart
and China resulted in the loss of 133,000 manufacturing jobs in the
United States between 2001 and 2006.
- The CEO of Wal-Mart makes more in a single hour than a full-time Wal-Mart associate makes in an entire year.
- Tens of thousands of Wal-Mart employees and their children are
enrolled in Medicaid and are dependent on the government for healthcare.
- About 85 percent of all the products sold at Wal-Mart are made outside of the United States. It is being reported that about 80 percent of all Wal-Mart suppliers are in China at this point.
According to the Center for Responsive Politics, Wal-Mart spent $7.8
million on political lobbying in 2011. That number does not
include campaign contributions.
- The combined net worth of six members of the Walton family is about equal to the combined net worth of the poorest 30 percent of all
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