What it Really Costs When Walmart Comes to Town

April 24, 2012 -- Louisa Abada

What it Really Costs When Walmart Comes to Town
by David Mielach

It's more bad news for Wal-Mart . After a New York Times story alleged that Wal-Mart bribed officials in Mexico to allow the company to open stores in that country, another new report reveals exactly how much it costs a community in dollars and cents when Walmart comes to town.

The research, done by a Northwest community group, estimates that one Walmart store, which is set to open in a Washington neighborhood, will decrease the community's economic output over 20 years by an estimated $13 million. It also estimates the Walmart will cost the community an additional $14 million in lost wages over the next 20 years...CNBC