Topic > Wal-Mart's Unethical Business Practices - 640

If Wal-Mart had so little regard for its employees, it would be difficult for a company to have any regard for where its goods come from. In the documentary, The High Price of Low Cost, he informs about the countries and Wal-Mart's effects on these countries, including its presence for manufacturing in China. The workers work in conditions of extreme temperatures from morning to dawn and have access to a room shared with many others and equipped with bunk beds. Food and utilities are deducted from their wages, even if workers choose not to stay in the facilities, food is still deducted from their wages. These workers who are looking for work to ensure a better future for their families receive a salary of only 3 dollars a day. “Doing the right thing and doing things right” (Devin) uttered by their CEO in a conference on their profits and annual reports, however this does not apply to their employees or their suppliers, even though he states that “the Wal-Mart way is to stay the course, because Wal-Mart is too important to individual families who are stretching their budgets, too important to suppliers who employ millions of people, to our important employees who we appreciate and love so much." (Devin) . Wal-Mart values ​​its employees and suppliers greatly; “since 2011, Wal-Mart has spent more than $35 million and hired more than 300 outside lawyers, accountants and investigators to address corruption issues” (Sethi) and “Wal-Mart's sanctions under the Foreign Corrupt Practices Act and Securities Exchange Commission regulatory filings will likely be on the order of $100 million, which is such a small fraction of Wal-Mart's earnings” (Sethi). If only this mega retailer could reinvest this negative… half of paper… to buy their own products and not make a profit. Therefore, businesses should have certain social responsibilities to give back to society, and if there is a negative impact on society, it should be mandatory for the company to take responsibility to do what is right and ethical for the benefit of society and others villages. Works Cited Basker, Emek. "The Causes and Consequences of Wal-Mart's Growth." Journal of Economic Outlook. 21.3 (2007): 177-198. Network. January 26, 2014. Devin, Smith, Greenwald Robert, Levit Laurie, and Gilliam Jim. Wal-Mart: The high cost of the low price. 2005. Documentary. Robert Greenwald Web. February 2, 2014. Sethi, Parkish. "The World of Wal-Mart." Carnegie Council. Np, 18 May 2013. Web. 26 January 2014. .