New Study Quantifies Wal-Mart’s Damage to Local Economies


Breezy Kiefair:

New Study Quantifies Wal-Mart’s Damage to Local Economies
via Puget Sound Sage:

“Our analysis finds evidence of significant direct and indirect impacts on the local economy associated with Walmart’s entry into the Skyway grocery market. The new Walmart grocery shifts consumption, diverting $25.38 million per year in sales from existing retailers in our base scenario. This translates into a drop in the total payroll value for all food sellers in the area of $655,000 per year or 1.2% percent of the total payroll value for grocery store employment within our study area.”

“When the direct and indirect effects of this change are considered, the impact rises to $898,000 in lost output, roughly 6.4 fulltime jobs and $998,000 in lost labor income. Although the positive impacts associated with redevelopment of the physical site contribute a direct positive effect of $2.67 million in economic output and $1.12 million in labor income in the first year, this is not nearly enough to offset other changes over the twenty year life of the project. The total impact of all changes estimated in our Base scenario over a twenty year project lifespan is projected to be a net loss of $13.07 million in economic output and a similar loss of $14.51 million in labor income.”

http://urlet.com/honesty.shotgun

http://pugetsoundsage.org//downloads/Walmart-Fowler-Report-2012-04-06_1-1.pdf

 

Originally posted on HighBoldtage:

via Puget Sound Sage:

“Our analysis finds evidence of significant direct and indirect impacts on the local economy associated with Walmart’s entry into the Skyway grocery market. The new Walmart grocery shifts consumption, diverting $25.38 million per year in sales from existing retailers in our base scenario. This translates into a drop in the total payroll value for all food sellers in the area of $655,000 per year or 1.2% percent of the total payroll value for grocery store employment within our study area.”

“When the direct and indirect effects of this change are considered, the impact rises to $898,000 in lost output, roughly 6.4 fulltime jobs and $998,000 in lost labor income. Although the positive impacts associated with redevelopment of the physical site contribute a direct positive effect of $2.67 million in economic output and $1.12 million in labor income in the first year, this is not nearly enough…

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About Breezy Kiefair

links about breezy blog http://breedheenorilleykeefer.com/ http://misshightimes.com/users/breezykiefair on youtube http://www.youtube.com/user/Mr8MrsKiefAir?feature=mhsn ~ Do all that you can to cultivate peace within yourself, that it might shine out from you, and plant the seed of peace in other spirits, for them to cultivate.~ {Remember... it is when we choose act on the issues that are in front of our faces, when we choose to get involved instead of looking the other way as our fellow man struggles, when we choose to take those small simple little actions, working on righting little wrongs in our everyday lives that really make change happen, those seemingly small actions are what really make the world a better place and are a catalyst for greater social change.} ~Both quotes by Breedheen "Bree" O'Rilley Keefer~ an interview in the 420 times http://the420times.com/2010/06/the-faces-of-medical-marijuana-an-interview-with-breez/ Cannabis Health News Magazine... see pages 37-39 http://cannabishealthnewsmagazine.com/PDF/CHNM_Feb2010_small.pdf

Posted on 2012/05/07, in Cannabis, cannabis and tagged , , , , , , , . Bookmark the permalink. 1 Comment.

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