Advocacy group: new study shows when Walmart comes to your neighborhood, expect lost jobs and millions in lost in wages

SEATTLE, April 23, 2012 /PRNewswire via COMTEX/ — A new report from Puget Sound Sage, a Seattle economic policy advocacy organization, and authored by economic impact expert Dr. Chris Fowler of the University of Washington, reveals that each new Walmart store opening in a Puget Sound neighborhood will result in a net loss of $13 million of net economic output and $14 million in lost wages over the 20 year life of the store. A copy of the report can be found here.

Dr. Fowler is one of the first in the nation to use detailed economic analysis to determine the impact of a new Walmart "neighborhood market" and stands in direct contrast to the academically weak reports commissioned by Walmart to promote its expansion in urban areas in recent years.

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By Avi S. Adelman under Neighborhoods , Lower Greenville