The Student News Site of Saint Louis University

The University News

The Student News Site of Saint Louis University

The University News

The Student News Site of Saint Louis University

The University News

Unfairly overlooking big business, despite its benefits

Despite the common misconception that large businesses only have negative effects on small businesses, they actually do tremendous amounts of good. Creating a large quantity of jobs and selling products at a lower price are only two benefits of many that large businesses have to offer. Large businesses, also known as big-box retail stores, have been able to help a lot of people and families survive. People must understand the upside of big business before rushing to pass judgment.

Large businesses create a jaw-dropping amount of jobs. The opening of only a handful of Walmart Superstores can create hundreds of jobs. Around 250 jobs are created with each opening of a Walmart, while 200 stores are opened a year. This means that 50,000 jobs would be created per year by Walmart alone. Not knowing much about the topic, critics often make the point that the majority of the jobs are part time. The truth is, nearly 70 percent of the jobs offered are full time. Even though some claim that large businesses are ruthless and cause small businesses to close, the job opportunities they create outweigh that supposed negative effect. Far more jobs are opened up in a large business than are available in a smaller one. Although big companies have a reputation for running smaller ones out of business, they help them stay in business as well.

Large businesses give back to the community. Helping in whatever ways they can, big businesses are usually open to ideas that benefit the area. Even just helping with the little things, larger companies have provided items and lent vehicles and tools all to help smaller businesses stay alive. It is these types of things that are overlooked by the public. If the whole country worked together to help each other in tough times like this, everyone would benefit immensely.

Giving back to the community and creating thousands of jobs per year are two aspects of big businesses that many people do not realize or appreciate. Seen in a negative light by many, it is more fitting that they be viewed as benevolent organizations. Big business deserves all the credit it can get because of the high number of benefits it provides society.

 

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