The Walmart 1 Percent in Rhode Island

We currently don’t know of any members or affiliations of the Walmart 1 Percent in Rhode Island. Got any to add? Let us know!

 

 

The Walmart 1 Percent’s Influence in Rhode Island Politics

Walmart in politics

The Walmart PAC spent $20,000 on Congressional candidates from Rhode Island between the 1990 and 2010 election cycles. The PAC gave 63% of that to Republican candidates.[1]

 

 

Walmart’s Impact on Rhode Island’s Employment Picture

Impact of Walmart stores on retail and other jobs

Based on data available through Walmart’s website, there were 3,154 Walmart associates in Rhode Island as of January 31, 2012.

According to a 2006 study, for every retail job created at Walmart, communities lose 1.4 retail jobs.[2] Based on the findings of this study, we estimate that, if Walmart had no stores in Rhode Island, there would be an additional 1,262 retail jobs in the state.

Impact of Walmart’s China sourcing on jobs

Based on an estimate of Walmart’s share of the U.S.-China trade deficit, we can estimate that Rhode Island lost an estimated 986 jobs as a result of Walmart’s practice of sourcing heavily from China.[3]

 

 

Walmart’s Cost to Rhode Island Taxpayers

Taxpayer subsidies for Walmart

Walmart is the world’s biggest company.[4] But despite its colossal financial resources—the company brought in $444 billion in revenue last year[5]—it’s habitually dipped into public coffers to finance its expansion into almost every corner of the United States.[6] In the absence of centralized information or databases on economic subsidies, Good Jobs First, an economic policy and research non-profit, has done extensive research to document the subsidies Walmart has received, and has published the data on Walmart Subsidy Watch. Here’s what GJF uncovered in Rhode Island.

Taxpayer healthcare costs

Tens of thousands of Walmart associates and their families qualify for Medicaid and other publicly subsidized care. Indeed, according to data compiled by Good Jobs First, in 22 of 24 states which have disclosed information, Walmart has the largest number of employees or dependents on the public rolls of any employer.[7]

In Rhode Island: With 500 beneficiaries enrolled, Walmart was ranked second on a March 2007 list of Rhode Island employers with 250 or more employees or dependents receiving publicly-funded healthcare (e.g., Medicaid). The list was requested by the Rhode Island legislature.[8] When the list was generated again in 2008 and 2009, Walmart was at the top of the list both years, with 1,343[9] and 2,093[10] beneficiaries respectively.

 

 

More Walmart stores coming to Rhode Island

We currently don’t know of any Walmart stores planned or rumored to be opening in Rhode Island. Got any to add? Let us know!

 

 


[2] The Effects of Wal-Mart on Local Labor Markets. December, 2006. David Neumark, Junfu Zhang, Stephen Ciccarella.

[3] These numbers are estimates. To arrive at these estimates, we used the report by the Economic Policy Institute that estimated U.S. jobs lost to China by state from 2001-2008. We then multiplied that number by 9.3%, which is the proportion of the overall U.S.-China trade deficit that EPI estimated to be tied to Walmart. We arrived at that number from this study.

[4] As measured by revenue; “Fortune Global 500 2011: The World’s Biggest Companies – Wal-Mart Stores,” http://money.cnn.com/magazines/fortune/global500/2011/snapshots/2255.html

[5] “Walmart reports Q4 EPS from continuing operations of $1.51; Walmart U.S. delivers positive traffic and positive comp sales in Q4,” press release dated February 21, 2012, http://investors.walmartstores.com/phoenix.zhtml?c=112761&p=irol-newsArticle&ID=1663026&highlight=

[6] “Shopping for Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never-Ending Growth,” by Philip Mattera and Anna Purinton, Good Jobs First, May 2004.  http://www.goodjobsfirst.org/sites/default/files/docs/pdf/wmtstudy.pdf

[7] “Disclosures of Employers Whose Workers and Their Dependents are Using State Health Insurance Programs,” Good Jobs First report, version dated January 18, 2012.  http://www.goodjobsfirst.org/corporate-subsidy-watch/hidden-taxpayer-costs.

[8] “Disclosures of Employers Whose Workers and Their Dependents are Using State Health Insurance Programs,” Good Jobs First report, version dated January 18, 2012.  http://www.goodjobsfirst.org/corporate-subsidy-watch/hidden-taxpayer-costs.

[9] “Annual Employer Public Health Access Beneficiary Report from the Rhode Island Department of Human Services,” January 16, 2008, http://www.dhs.ri.gov/Portals/0/Uploads/Documents/Public/DHS%20Reports/pub_health_ben_report08.pdf

[10] “Annual Employer Public Health Access Beneficiary Report from the Rhode Island Department of Human Services,” February 28, 2009, http://www.dhs.ri.gov/Portals/0/Uploads/Documents/Public/Reports/pub_health_ben_report09.pdf