Study finds Wal-Mart contributes to poverty
A study focused on the effects of Wal-Mart stores on poverty rates found that an estimated 20,000 families nationwide have fallen below the official poverty line as a result of the chain’s expansion. Wal-Mart Stores Inc., based in Bentonville, Ark., ranked No. 5 on the St. Louis Business Journal’s most recent list of the area’s largest employers. As of Dec. 31, Wal-Mart employed 13,005 people in the St. Louis metro area.
The study — Wal-Mart and County-Wide Poverty — written by Stephan Goetz, a professor of agricultural and regional economics at Pennsylvania State University, and Hema Swaminathan for the International Center for Research on Women, was published in the latest issue of Social Science Quarterly.