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What's up with the American Dream? - Essay Example
Author : abode
Pages 3 (753 words)
Wal-Mart Stores Inc. is a renowned American multinational retailer corporation operating chains of large discount warehouse and departmental stores. It is currently the biggest private employer in the world with slightly over 2 Million employees. Wal-Mart was founded in 1962 by Sam Walton…
Wal-Mart was founded in 1962 by Sam Walton. It was incorporated in 1969 and began to publicly trade in the New York Stock Exchange in the year 1972. Currently, Wal-Mart runs 8,416 stores situated in 15 different countries. However, despite the success story of Wal-Mart Company, it has been faced with criticisms on how it treats its employees. For instance, from the essay of Karen Olsson, it is evident that many workers leave the company within their first days of work because of poor working environment and low wages. In addition, the health plan of Wal-Mart Company is very poor or worse. For instance, Karen Olsson points out that the company deducts huge sum of money from each worker in order to compensate for their health insurance (Olsson 603). The pay of Wal-Mart is low and its demands are very high. Rather than assisting its employees, it encourages them to get Medicaid, public housing and public assistance in order to compensate for low wages or salaries. Wal-Mart employees struggle to live with these low salaries. This treatment is against the American dream which is driven by the desire to see every American succeed in life without struggle. It is true that Wal-Mart provides health insurance but at higher cost of over $ 70 out of each paycheck. ...