Shopping local a boon to local economies
- December 5, 2011
- A study by David Neumark, economics professor, is featured by Fox 19 and Raycom News Network December 5, 2011
From Fox 19:
A 2007 study by David Neumark, an economist teaching at the University of California, Irvine, and his colleagues found that the arrival of big box stores hurts local economies. He found that when Wal-Mart stores come in to a community, there is a net loss of approximately 150 retail jobs, with each Wal-Mart employee taking the place of 1.4 employees that would have otherwise found jobs at local businesses. They also found that total earnings for employees of Wal-Mart were 1.5 percent lower than earnings for comparable workers at local retail stores.
For the full story, please visit http://www.fox19.com/story/16189205/shopping-local-a-boon-to-local-econo....