Small Business Startup News
Study: For Every Two Jobs Created By Walmart, Three Local Ones Disappear
Written by Jenna Weiner
Walmart does not create jobs in communities, new survey reveals.
Mega-retailer Walmart is no stranger to controversy in small business news, as its relations with the sector have been especially fraught of late.
Walmart has tried unsuccessfully to enter the New York City marketplace twice, even producing its own sponsored survey that reported more than half of small businesses favored the move (it was quickly contradicted by a number of other polls).
Now, a provisional study, called "The Effects of Walmart on Local Labor Markets," by researchers David Neumark, Junfu Zhang and Stephen Ciccarella has found that Walmart's claims that it creates jobs in communities is false, the New York Daily News reports. In reality, for every two jobs Walmart introduces, three local jobs are destroyed.
"With due respect to Walmart, this is not the kind of economic development neighborhood small businesses need," the source explains. "Everywhere you look in New York, mom-and-pop shops help anchor our busiest and most vibrant business districts."
Unsurprisingly, past hearings by the city of New York to consider opening up to Walmart have resulted in heated protests and long petitions.
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