Youngstown Economy

Imagine being in the shoes of a middle-aged male working at the General Motors Lordstown plant in Youngstown, Ohio. News that the second shift has equitable been eliminated has surfaced and he has just been laid-off. How will this man find another job in order to support his family? One option is to turn to the Statess largest private employer with over 1.4 million employees, Wal-Mart (walmartstores.com). Or, does he inquisition for employment elsewhere because he refuses to support an organization that he believes decreases small businesses and mom and pop businesses? Recent attacks on Wal-Mart rubric that Wal-Mart stores do more harm to small businesses than good, therefore, increasing the unemployment gait and decreasing the overall frugality of a community. In the article, Has Wal-Mart interred Mom and Pop?, Andrea M. Dean and Russell S. Sobel of West Virginia University conduct search examining the relationship between the rate of self-employment and the number of small-employer businesses in an economy that contains a Wal-Mart store in the same market (Dean and Sobel, 2). The surround over whether or not Wal-Mart stores are helping or hurting many local and low-income economies throughout the country is a major topic of discussion in todays economy.

In low-income areas such as Youngstown, Ohio, the presence of a Wal-Mart ignore store or supcter can be beneficial to a suffering economy in issues including unemployment, low incomes, and effects on small businesses. In December of 2010, the unemployment rate of Youngstown, Ohio decreased from 12.2 pct to 12.0 percent (business-journal.com). Despite the decrease, this is still a very elevated value for an unemployment rate of any metropolitan area. Youngstown even stick on a gameyer unemployment rate in December than the guinea pig rate of 9.4 percent (Bureau of Labor Statistics). Such a high unemployment rate can be a possible essence of citizens that are poorly educated. In the year 2000, only 73.2 percent of Youngstown... If you want to get a full essay, order it on our website: Orderessay

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