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Wal-mart Bad For Mom and Pop?
July 25, 2008, 7:00 am
Filed under: Culture, Politics | Tags:

Check this out:

Myth: Mega discount store Wal-Mart is a plague set upon small “mom-and-pop” businesses. The instant Wal-Mart moves into town, all small businesses are destroyed in its path, leaving downtowns barren and empty. According to Robert Reich, Wal-Mart turns “main streets into ghost towns by sucking business away from small retailers.”

Reality: The popular belief that Wal-Mart has a significant negative effect on the size of the mom-and-pop business sector of the United States economy is statistically unfounded. After examining a plethora of different measures of small business activity and growth, examining both time series and cross-section data, and employing different geographic levels of data and different econometric techniques, it can be firmly concluded that Wal-Mart has had no significant impact on the overall size and growth of U.S. small business activity.

 

Do you buy this?  It seems wrong, but maybe I’m not acquainted with the relevant data.  It’s a story I’ve heard many times, yet I can’t seem to pinpoint any specific examples.

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