The Walmart 1 Percent in the District of Columbia

AFFILIATIONS OF THE WALMART 1%:

 

 

Walmart’s Impact on the District of Columbia’s Employment Picture

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 District of Columbia lost an estimated 288 jobs as a result of Walmart’s practice of sourcing heavily from China.[1]

 

 

Walmart’s Cost to District of Columbia Taxpayers

Taxpayer subsidies for Walmart

Walmart is the world’s biggest company.[2] But despite its colossal financial resources—the company brought in $444 billion in revenue last year[3]—it’s habitually dipped into public coffers to finance its expansion into almost every corner of the United States.[4] 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 DC.

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.[5] Since Walmart has no stores in the city, there are no data for Washington, DC.

 

 

More Walmart stores coming to the District of Columbia

Here’s a list of Walmart stores planned or rumored to be opening in the District of Columbia:[6]

  • District of Columbia: Supercenter, 5929 Georgia Ave. NW
  • District of Columbia: Supercenter, 801 New Jersey Ave. NW
  • District of Columbia: Supercenter, New York Ave. NE and Bladensburg Rd. NE
  • District of Columbia: Supercenter, East Capitol St. NE and 58th St. NE
  • District of Columbia: Supercenter, Good Hope Rd. SE and Alabama Ave. SE
  • District of Columbia: Supercenter, Riggs Rd. NE and South Dakota Ave. NE



[1] 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.

[2] 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

[3] “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=

[4] “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

[5] “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.

[6] Information on planned or rumored stores collected by Making Change at Walmart.