From AL NORMAN
Thanks to Steve Scalmanini
[This report MUST be included in any environmental impact reports produced by Costco and Wal-Mart for Ukiah and Mendocino County. -DS]
They don’t teach “Wal-Math” in American high schools, but here’s how it works: 1 job created – 1 job destroyed = 1 job.
Wal-Mart has never admitted the difference between gross jobs and net jobs. That’s why when Wal-Mart opened its only store in Chicago, Illinois on the west side, the retailer said: “This store will show what a great asset Wal-Mart can be to the community, as an employer and corporate citizen.” From Day One of its drive to locate stores in the Windy City, Wal-Mart based its case on jobs.
One of Wal-Mart’s most vocal apologists is Alderman Howard Brookins of the city’s 21st Ward on the South Side. “We need jobs, plain and simple,” the Alderman likes to repeat. Brookins has been so outspoken on the issue of Wal-Mart and jobs that The Chicago Tribune has referred to him as “the Alderman from Wal-Mart.”
But the jobs argument isn’t adding up in Chicago. A new study from Loyola University and the University of Illinois at Chicago (UIC) has put the giant retailer on the economic defensive once again.
The study, The Impact of an Urban Wal-Mart Store on Area Businesses: An Evaluation of One Chicago Neighborhood’s Experience found that Wal-Mart’s opening in Chicago has produced a loss of 300 full-time jobs.
Researchers conclude that the probability of a local retailer going out of business during the study period was significantly higher for establishments close to Wal-Mart’s location.