Back in the 1940’s in Newport, Arkansas, Sam Walton started franchising a Ben Franklin’s variety store, until he came up with a bright idea. Walton went on a voyage talking to suppliers throughout the small town looking for deals to make bargains so he could bring more supplies and goods into his store. Although, retailers that manage to get bargains from wholesalers would not change the store prices just so to make profit and income from the sales. Walton knew that he could perform better in his sales by passing his savings to customers and gaining more volume which leads Walton to more profit. By the 1980’s, Sam Walton became ranked as the richest man in the United States by establishing a store, which the headquarters of the corporation
…show more content…
But for this corporation to be a multi-billion dollar company, why are the workers getting paid below the wages of other employees who are competitors, which are less successful, to Wal-Mart? Sam Walton provided a statement that proves Wal-Mart is spending low-slung employee wages just so they can be “one uppers” to its competitors. With this kind of approach to a business is profitable, which leads to a strategy of failure to many of its employees that work hard to provide their kids leading themselves into poverty. An average employee receives a wage of $7 dollars an hour while working 30-40 hours week. Doing the Math, that amounts up to $13,000 a year which is very impossible to survive. In today world, there’s a trend of factors that constrain families not to take vacation with their families without the proper wages from their salary that businesses offer to them. A lot of constraints include providing food for children, their education, rising of gas prices or trying to pay your rent or mortgage (Mitchell).
Do you think that Wal-Mart is right or wrong by determining to recompense its employees’ wages while they flourish as an establishment? The act of utilitarianism ethical theory will become successfully functional to the company’s current pay scale for its employees’, permissible to speak what the company should pay its employees’ according to act utilitarianism. The initiative of this ethical theory of utilitarianism is that we the people must take action and make a difference for the best outcomes. Whether the results stand positive or negative, morality from our actions can be right or
But for this corporation to be a multi-billion dollar company, why are the workers getting paid below the wages of other employees who are competitors, which are less successful, to Wal-Mart? Sam Walton provided a statement that proves Wal-Mart is spending low-slung employee wages just so they can be “one uppers” to its competitors. With this kind of approach to a business is profitable, which leads to a strategy of failure to many of its employees that work hard to provide their kids leading themselves into poverty. An average employee receives a wage of $7 dollars an hour while working 30-40 hours week. Doing the Math, that amounts up to $13,000 a year which is very impossible to survive. In today world, there’s a trend of factors that constrain families not to take vacation with their families without the proper wages from their salary that businesses offer to them. A lot of constraints include providing food for children, their education, rising of gas prices or trying to pay your rent or mortgage (Mitchell).
Do you think that Wal-Mart is right or wrong by determining to recompense its employees’ wages while they flourish as an establishment? The act of utilitarianism ethical theory will become successfully functional to the company’s current pay scale for its employees’, permissible to speak what the company should pay its employees’ according to act utilitarianism. The initiative of this ethical theory of utilitarianism is that we the people must take action and make a difference for the best outcomes. Whether the results stand positive or negative, morality from our actions can be right or