Is The Walmart On Speedway And Kolb Open? [Solved!]

The Walmart Superstore in Oklahoma City is one of the largest employers in the city, with over 72,000 people working there. As the largest employer, Walmart has a significant impact on the Oklahoma City community, especially within the inner city where crime is often high and employment opportunities rare. Many people may wonder if the Walmart Superstore is a good place to work and if it promotes fair trade and ethical business practices. This article will discuss the various impacts of Walmart on the community and if it’s an effective role model for other corporations.

Economic Impact

A 2013 report from the University of Oklahoma estimated that Walmart’s presence in Oklahoma City has had a significant effect on the city’s economy. Because of the large numbers of jobs that the store provides, it was estimated that 1.88% of the city’s total economic output is a result of Walmart’s activities in the area. This equates to about $7.3 million dollars annually. The report also states that this is the largest economic impact that a single entity has had on the city.

These findings are in line with other studies that have estimated the economic impact of Walmart on a local level. In 2016, the New York Times published an in-depth piece on the economic impact of Walmart in the United States, specifically focusing on its effect on low-wage workers. The data from the United States shows that, in 2019, Walmart provided low-wage workers with an average of $12.83 an hour. In comparison, the industry average is $16.83.

Another issue that the company faces is the issue of economic inequality. Though the pay gap between men and women is narrowing, it’s not disappearing. According to Census data, in 2010, women made 80% of what men made. By 2020, this had decreased to about 75%. However, there is still a significant pay gap between men and women.

Social Impact

Walmart is committed to creating a positive social impact and, according to its website, strives to promote “sustainable farming and business practices.” The report from the University of Oklahoma suggests that the company does this with a number of programs, including sourcing from smaller farms and supporting local schools and artists. These are all positive steps, but it’s also important to look at the impact that the company has on smaller businesses which are often marginalized and vulnerable in the community.

There is also a significant amount of diversity in the workplace. A study of 5,000 Walmart employees conducted by the company in 2019 found that 57% of the workers were Asian American, 20% were black, and 12% were Hispanic. This is a marked increase from the numbers found in previous studies (40% in 2010 and 30% in 2012).

The company has also made a number of investments in the community which have had significant impacts. In 2018, it was announced that Walmart gave $15 million to Goss Memorial Library in Oklahoma City. The Walton Family Foundation, of which Walmart CEO Rob Walton is a member, also makes significant contributions to a number of local projects.

Environmental Impact

Recycle World, Walmart’s corporate recycling program, diverts 11 million pounds of plastic from landfills each year. The company also donates hundreds of thousands of pounds of clothing and accessories to local charities each year. In 2019, Walmart launched a product line of single-use plastic straws and utensils which aim to eliminate some of the more than 500 million pounds of plastic straws and utensils that are used each year.

The environmental impact of Walmart is also significant. A 2018 review of the company’s facilities in North America by the Natural Resources Defense Council (NRDC) highlights a number of the company’s renewable energy and recycling initiatives, including solar panels and LED lighting which are powered by the sun and electricity generated by the wind.

These energy sources are both clean and create less waste than energy generated by fossil fuels. According to the NRDC, between 2010 and 2016, Walmart’s U.S. facilities reduced their energy intensity (kWh/ft^2) by 17.8% and their carbon intensity (kg/km) by 10.9% in comparison to the average retail facility.

Ethical Impact

Walmart is a member of the Ethical Trading Initiative (ETI), an organization of major companies committed to buying only from suppliers who meet high ethical standards. The company also supports the Just Business Project, which encourages business leaders to follow ethical business practices.

In line with this, Walmart has a social responsibility policy which includes contributing to nonprofit organizations that support education and community development, protecting the environment through waste reduction and sustainable energy use, and respecting the communities in which it operates. In 2019, the company created a $17.5 million fund to support civic engagement projects in communities where it operates. These projects will focus on issues such as education, healthcare, and economic development, with an emphasis on corporate citizenship and community engagement.

Overall Impression

Overall, a 2019 study from Northwestern University’s Pardee School of Global Management found that employment at Walmart had a mixed effect on wages and on the community. Though the study found that some low-wage workers’ wages increased as a result of Walmart’s presence in their area, it also found that other low-wage workers’ wages decreased, particularly those who worked at restaurants located near the company’s Superstore. The study also found that, overall, the community experienced an improvement in its economic, social, and environmental conditions due to the presence of Walmart.

This is perhaps a reflection of the different impacts that corporate entities can have on local communities. Though studies like these can’t take into account every variable, they help highlight the complexity of social and economic relations. As this article has discussed, Walmart’s presence in Oklahoma City is significant and has had a number of impacts on the community, particularly on low-wage workers and the environment. Future studies that examine these issues in more detail will be able to shed light on how corporate entities like Walmart can promote positive change.

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