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<br /> New Rules Project -Retail -The Hometown Advantage -Big Box and Wal-Mart Econ... Page 10 of 11 <br /> percaM more k publk esNatance. The study <br /> estlmares that 0 competing supermarkets and other <br /> large retailers adopt Wal-Marta wage end beneM <br /> levels, a will cost Celifomia's taxpayers an <br /> adtlltional 5410 mifilon a year in pubOc assistance. <br /> Everyday Low Wages: The Hidden Prtce We All Pay for Wal- <br /> Mart - by the Democretlc Staff of Me House Commitlee on <br /> Edueatlon and the Workforce, Feb.2004 <br /> Although this study uses different methodology than <br /> Me one above, ft arrives at the same condusion: <br /> Wal-Marta low wages and meager benefits are <br /> cestlng texpeyere. The average Wal-Mart employee <br /> requires 52,100 per Year in DuWk assktance. <br /> induding Sectlon B housing vouUkare, reduced-cost <br /> lunches for dependant chiaren, health care <br /> progrems, and tax credits for Me workirp poor. <br /> a. SUBSIDIES <br /> Shopping for Subsidies: How Wal•Mart Uses Taxpayer Money <br /> to Finance Its Never-Ending Growth - by Good Jobs FYst. <br /> August 2004 <br /> Thfa study identifies 2M WaLMart stores and <br /> tllstriblAlal centers in 35 states that have received <br /> slate and local development atresales totefing just <br /> over S1 txlgar. The subsabs look many forms, <br /> Indudtng property fax rebates, free orreduced- <br /> priced IoM, arM funding of site preparation and or? <br /> site i~budure. Tax InaemeM flnandrg (TIC <br /> ranked es one of the most common mechanisms <br /> used by local governments to underwrite Wal-Mart's <br /> growth. The total value of pubtlc gNeaways to Wal- <br /> Mart b undoubtedy much higher than the 57 bilgon <br /> doamented by Ore report. OWaMing complete data <br /> on subsales b vMualy knposaibb. In most states, <br /> kcal governments and sts~ ageneba ere not <br /> regkdred to report subsaia, and Mere b no <br /> centralized record or database. Goad Jobs First <br /> relied pdmariy on the ongne archNes of local <br /> newspepare to assarrrble tlro gel of subsidy deals. <br /> Me Oelags of wMch were conflmted by Interviews <br /> wiM scat oifxiels. <br /> 10. CONSUMERS ti PRICES <br /> Wrestling with Wal-Mart: Tndeoth Betwwn Profits, Prices, <br /> and Wages - By Jared BernsteM, Josh Biverrs, and nrkrMapt <br /> Dube, Economk PoNCy Institute, June 16, 2008 <br /> Thb analysis refrrles the Mdings of a 2005 study by <br /> Global Insights (Gq that found that WahMaA saves <br /> U.S. rxmuanere 5263 bMon aruwaly, or 52,329 for <br /> the average trousehoa. The Economic Policy <br /> Instltule Condudet that the GI study 4 "fraught wiM <br /> probbms." h aenti/ks major internal <br /> Inconsislendes M GI's flgurea and finds that the <br /> firm's ste~tlcal enaysis Yags the most rudimentary <br /> sens6My checks." The autlwre state. "Once we <br /> addressed these weslmesses the statlatlcel and <br /> precfkal significerree of WaFMarts prtce efteeb <br /> effeakrey vanished." <br /> Time to Swhch Drugstoresi -Consumer Reports. October 2003. <br /> 'If you're among Me 47 percent of Americans who <br /> get medidne from drugstore glards such as CVS, <br /> EdkeM, and Rite Aa, here's a presalptbn: Try <br /> shopping somewhere else. The bast place to alert <br /> looarq b one of the 25,000 krdependeM <br /> pharmadea Mat ere makirq a comebedk <br /> Mrouphouf tll9 U.S.• opens Mb artlde, Whkh <br /> presents Me reaWb of a year-lorry survey of more <br /> http://www.newrules.org/retaiUeconimpact.html 9/5/2007 <br /> <br />