Business Services Industry
University of Missouri Researcher: Wal-Mart Helps Local Economy, Retail Jobs.
Knight Ridder/Tribune Business News, April, 2004
By Katie Weeks, Columbia Daily Tribune, Mo. Knight Ridder/Tribune Business News
Apr. 28--Despite criticism that the arrival of a Wal-Mart does more harm than good for a local economy, a new study shows that communities with stores operated by the world's largest retailer have seen a net gain in retail jobs, even in the long run.
Emek Basker, associate professor of economics at the University of Missouri-Columbia, spent four years looking at 1,750 U.S. counties where almost 2,400 Wal-Marts sprang up from 1977-1998.
Basker found that counties gained about 100 jobs the first year of Wal-Mart's arrival, but typically lost about half of those over the next five years as some small- and medium-size retail businesses closed or downsized....
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