Tesco
Still Broke
Book

Still Broke

Walmart's Remarkable Transformation and the Limits of Socially Conscious Capitalism

Rick Wartzman
Public Affairs, 2022

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Editorial Rating

8

Qualities

  • Eye Opening
  • Well Structured
  • Concrete Examples

Recommendation

For decades, discount retailer Walmart struggled with its image as a malevolent corporate behemoth that underpaid workers and harmed local communities. However, the company has made great strides in the 21st century. It’s become a leader in climate-friendly operations and now pays its employees, on average, more than double the federal minimum wage. Why, then, do so many Walmart workers still struggle to make ends meet? In this well-researched history, Rick Wartzman argues that Walmart’s travails reflect how American capitalism fails modern workers and accepts income inequality as the norm.

Take-Aways

  • Walmart is the United States’ largest employer.
  • Sam Walton opened the first Walmart in Rogers, Arkansas, in 1962.
  • CEO Lee Scott initiated a gradual evolution of Walmart’s business practices.

About the Author

Rick Wartzman is co-president of Bendable Labs, a technology, consulting and research firm that specializes in the areas of lifelong learning, workforce development and job quality.

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