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Has the multinational corporation Wal-mart replaced GMC as an icon of free market success in our society? Does anyone else find this as disturbing as I do? In 2008, can this be viewed as moving backward instead of forward in terms of employee/labor relations, diversity and customer base?
Wal-Mart has only recently accessed markets outside the US, and for every store that succeeds, one or more fail.
The city I'm in currently has 4 or 5 Wal-Marts, of which only 2 are the same store and in the same location they started. 2 or so closed and moved into new locations in new construction because they were "loosing" money in the locations they had been in and two others actually had to close their doors.
I've also never heard the Labour Relations horror stories I've heard about Wal-Mart from GMC. Other than the usual lay-off stories when the market slows, most of the press about GMC has been positive.
Wal-Mart is the perfect example of "Caveat Emptor", whereas GMC actually cares about their clientelle.
So...no.
That Wal-Mart has actually grown as large as it has DESPITE the legal and ethical problems caused by the acts of management and ownership is what you should be concerned about!
senior2tor
In life one thing is for sure. Evolution.
The Sidewalkinator
Yes it has, I don't think it's disturbing it's just how society is changing from cheap labor in the U.S. for cheap labor overseas. The U.S. is becoming a service industry, it is no longer a manufacturing industry.
Dynamic Duo
it's obvious. GMC is an old dinosaur
donny d
Wal-Mart has replaced GM as the largest company in the world. GM and the rest of Americas auto industry has been in decline for four decades. The UAW union leaders should share the blame with auto company executives for their shortsightedness and greed that have caused this to happen. The average cost of wages and benefits for GM assembly workers is over $100.00 an hour. In Japan it is around $60.00 and far less in Korea. It seems if GM or Ford will survive it will require moving even more of their assembly jobs to Mexico or other lower priced labor markets. GM and the UAW have had their share of labor relations issues (strikes lawsuits and violence).
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