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Wal-Mart
Effect |
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For retailers everywhere, China has quickly become the cheapest, most reliable production platform in the world. For Wal-Mart, America’s largest retailer, China is the source of $15 billion in annual exports that help it deliver “Everyday Low Prices” to 100 million customers a week. Some economists credit Wal-Mart with holding down the US rate of inflation. But with 700,000 US manufacturing jobs lost to China in the last decade, critics blame retail mega-chains like Wal-Mart for sending US industry abroad and lowering the standard of living for working America. Are Americans shopping themselves out of jobs? In The Wal-Mart Effect, FRONTLINE explores the costs behind Wal-Mart’s bargains. |
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