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It sure does! A child can grow up developing angry feeling that will blow up eventually (& that's going to be huge).
A child may grow up to be criminal
his/her self-esteem may crash
live their lives scared and watching over their shoulders
weak personality
weak mentality
No social life
And so much more! That's why Bullying is a seriouse issue that should stop.
I agree entirely with Wafa, I think she has explained everything well. There is no place for bullies in our society and every effort should be made to stamp bullying out. It is a very sad fact of life that many people who have been bullied become bullies themselves.