Connect with us

Business

Wal-Mart – Analyzed Inside Out; The Truth; The Good, The bad, And The Ugly

Published

on

truth about WalmartThe store which sells product at a low price attracts a lot of customers. But no one thinks what makes Wal-Mart sell products at such low prices. They sell cheap quality Chinese products.

Earlier, the Chinese had to find a market for their cheap quality imported goods; now they have a supplier in Wal-Mart. It’s the people of America who suffer the wrath. They have to work at unbearable low wages, do overtime without being paid, and forced to stay silent when inspection is being done or else they lose their job.

Wal-Mart has also been accused for giving employment to a large number of illegal immigrants, who work at late nights secretively and face allegation of over $11 million. They even have not been paying their employees for the extra hours they work for. Wal-Mart also has lawsuits in 31 different stated across USA for age an hour abuses involving hundreds and thousands of workers.

The low wage given to the employees has led the workers to take public assistance to be able to afford basic amenities like health care, and education for their children. Imagine the distress caused to the employees when they work night and day knowing that they will still need public assistance. Wal-Mart costs taxpayers a whopping $1,557,000,000 to support its employees.

On the other hand, the Wal-Mart CEO Lee Scott claims that they keep in mind the welfare of their employees. As a matter of fact they have a funding program called “CRITICAL NEED FUND” that allows employees to donate from their pay check to help their fellow employees in times of crises like a fire or a tornado. In 2004 Wal-Mart employees donated over $5,000,000 in the fund and WALTON family, the owner of Wal-Mart, donated $6000, keeping in mind Walton family is the richest family in USA worth $102 billion. Adding to that, WALTON family has given less that 1% of their Wealth in Charity, whereas Bill Gates has given 58%.

Wal-Mart has not only been a misery to their employees but also to the local businessmen. There are families who have been running a hardware store for 3 generations, knowing a great deal about the products they are selling, providing good quality products. The business of these people crashed with the coming of Wal-Mart to the locality. Wal-Mart provides cheap quality products at low prices which allures a large number of people. They wouldn’t mind having a salesman at a hardware section knowing nothing about hardware.

Not even this, when the employees of Wal-Mart think of making a union for their own welfare, anything and everything is done to kill the campaign. This can be seen looking at the following figures

$7,000 ANTI-UNION CAMERA PACKAGE per store

$30,000 UNDERCOVER SPY VAN per store

$100,000 24-HOUR ANTI-UNION HOTLINE

$7,000,000 rapid response team with CORPORATE JETS

Amidst all that bad there are people who are aware of what a Wal-Mart store can turn your area into and thus they held anti-WALMART campaigns which finally led the court to accept the people’s plea. The likes of Chandler, Arizona and Inglewood, CA are some of such places where people thought that being a part of democracy; they can take power and take control. Even a community voting was done in Inglewood, CA to approve or not to, the construction of a Wal-Mart on their property which followed a court’s order to stopping them from setting up the store. People of the USA have shown that LOW PRICE IS NO EXCUSE to sell anything they want.

Ashish Hasija is a passionate writer who writes interesting articles on various topics. you can read his blog here http://ashish-hasija.blogspot.com/

Use your ← → (arrow) keys to browse

Sanskar Shrivastava is the founder of international students' journal, The World Reporter. Passionate about dynamic occurrence in geopolitics, Sanskar has been studying and analyzing geopolitcal events from early life. At present, Sanskar is a student at the Russian Centre of Science and Culture and will be moving to Duke University.

Continue Reading
Comments

Business

What Is Cryptocurrency And Why Is It So Volatile?

Published

on

Cryptocurrency has recently made headlines, exploding into the spotlight with the same relentless intensity that characterises its value and demand.

However, as they become more mainstream, they may become confusing. It’s money, but there’s no bank looking after it or controlling it; it’s an asset, but it’s not backed up by anything tangible.

Here is a brief overview of cryptocurrency and a quick look at why it is so volatile.

What is it?

In a nutshell, it is the digital equivalent of money. It is designed to function in almost the same way: users have wallets in which they can keep money, which is used to symbolize value in the economy and can be exchanged for goods or services with others.

Cryptocurrency, like much money in today’s traditional banking system, does not exist tangibly; instead, it is recorded as figures in a database that signify how much of a particular cryptocurrency a certain person has.

However, in contrast to today’s banking system, is decentralised. Rather, it is recorded in the blockchain, which is distributed throughout the network and records transactions in a transparent and verifiable manner that belongs to no one individual or organization in particular.

The first of them was bitcoin, which was developed in 2009 by an unknown individual known only as Satoshi Nakamoto. Since then, a slew of new cryptocurrencies has sprouted up. These include ethereum and dogecoin. It is interesting to look into the background of these, and ask yourself who created Dogecoin?

Why are there so many?

A cryptocurrency can hypothetically be created by anyone; at their foundation, they are just software, therefore anyone can create one. There is no authoritative body that decides what is and isn’t a cryptocurrency.

As a result, dozens of new cryptocurrencies, known as altcoins, have emerged. Some of them have grown into consistent performers, leading to predictions that they could turn bitcoin on its head and become the most valuable cryptocurrency.

Some of these altcoins aim to provide innovative answers to problems that exist with large players like bitcoin, such as making transactions easier or more efficient. Others, such as Dogecoin, which originated as a joke, are developed solely as alternatives.

They sometimes move in sync, with the entire cryptocurrency market fluctuating in response to certain pieces of news. However, traders occasionally switch between currencies, as when the price of dogecoin soared thanks to the support of figures such as Elon Musk.

What makes cryptocurrency so volatile?

Unlike traditional financial assets like stocks and commodities, cryptocurrencies are not valued in terms of what they can be used for; in theory, they are a bet on a company’s future profits or the usefulness of a given material, but cryptocurrencies are primarily a bet on how interested people are in them.

Cryptocurrencies, unlike traditional fiat currencies, do not have a central bank entrusted with employing monetary policy to keep their value from fluctuating too much.

As a result, the value of cryptocurrencies varies dramatically, frequently and without warning, and without always being linked to evident world events.

Prev postNext post
Use your ← → (arrow) keys to browse

Continue Reading

Business

Marketing Practices That Could Remain After The Pandemic

Published

on

The global pandemic has changed businesses in many ways, and marketing, in particular, has seen a lot of developments over the last year. Businesses have had to adapt to digital practices quickly, which has changed the way they promote their activities. It has also changed consumer behavior, meaning tactics need to change to reach them in new and innovative ways.

While businesses are beginning to revert to some sort of normality, there are some practices that will continue even after the pandemic is over. Discover some of the marketing practices that could be here to stay.

A greater focus on retaining existing customers

The global pandemic has had a huge impact on people’s shopping behaviors. It’s no secret that brand loyalty has been in decline over the years, largely due to consumers’ preference for convenience – especially in the digital age. But the pandemic has made this even more apparent, with many consumers switching brands as a result of supply chain issues and more. For businesses, putting your energy into retaining your existing customers could yield better results than trying to win over existing customers. 

The resurgence of the QR code

Just over a year ago, people might have turned their nose up at the idea of using a QR code in a marketing campaign. Did people know what they were? What did they achieve? Well, thanks to the pandemic, QR codes have had something of a resurgence. Exploring QR code APIs can help you work out how they can be used in your marketing campaigns effectively to bring the best results for your business. QR codes are capable of generating some great data, helping you measure the effectiveness of your marketing campaigns.

Localized marketing

The pandemic has shifted a lot of people away from busy cities and urban areas, and into more rural neighborhoods. This has meant that businesses are having to change their marketing tactics to provide a more personalized, local feel that better aligns with changing behaviors. People are choosing to shop locally and choose local-based businesses, and you’ll need to think carefully about how you can form better engagement with those audiences to help spread the word about your business.

Bigger budgets for social media advertising

With people spending more time at home, they are more active online watching box sets, shopping, gaming and more. This means they might be less likely to see more traditional advertising such as billboards and subway signs. Social media advertising can help you reach those audiences, providing a great ROI compared to other forms of advertising. Ensuring social media is a firm part of your marketing strategy can help you reach your audiences where they are, and even save money compared to your spend on more traditional advertising. 
Change is nothing new for the marketing world. The pandemic has seen some major developments, and as we enter the ‘new normal,’ it will be interesting to see what comes next. Staying up to date on current marketing trends can keep your business relevant, and help secure the best results for your business – no matter what’s happening in the rest of the world.

Use your ← → (arrow) keys to browse

Continue Reading

Business

Subsale Market an Attractive Prospect for Investors in Malaysia

Published

on

Investors were responsible for 81.1 per cent of residential property purchases in the Klang Valley area last year.

Many of these investors were putting their money into subsale properties, and according to Joe Jock Thor from MyProperty MD, the market for subsale residential properties has experienced steady growth in the past few years, but it has seen a real upswing in recent months due to the effects of the Covid-19 pandemic, which has put the focus squarely on the secondary real estate market as real estate owners move to maintain their financial liquidity by lowering prices. This means investors are free to swoop in and pick up assets at a fraction of the cost, increasing their potential value once they go back on the market.

Another key factor in the spike is the Real Property Gains Tax exemption, which has prompted some investors to turn their assets into cash and, by doing so, make a healthy profit.

In fact, subsale properties were so popular that listings increased by more than twenty percent between 2019 and 2021, although this will only go a small way to making up for 2020’s economic downturn and the resulting fall of 47.2 percent in the number of residential property sales in the Klang Valley.

If you would like to know more about the subsale market in Malaysia, you can find a lot of good information about subsale real estate, and how to buy it, by checking out this infographic on the Malaysian real estate market:


Infographic designed by: PropertyGuru Largest Property Portal in Malaysia
Use your ← → (arrow) keys to browse

Continue Reading

Trending