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Current Trade Deficit:   AmericanEconomicAlert.org - Presented by The Robert A. Stranahan Lectures
Wal-Mart's Well-Timed Good Citizen Campaign
Thursday, January 17, 2013
Still, Wal-Mart tends to offer mostly low-paying jobs that may not be a natural career choice for vets who joined the military to get technical training, leadership experience or other skills meant to give them an edge in the civilian job market. And Wal-Mart's pledge to spend an extra $5 billion per year on domestic goods won't do much if it encourages the kind of labor-intensive, low-cost manufacturing that China has excelled in."Wal-Mart's business model is to squeeze suppliers to the max," says Alan Tonelson, a research fellow at the U.S. Business and Industry Council, which supports policies aimed at more domestic hiring. "If Wal-Mart follows the same model and squeezes U.S. suppliers so tightly that they're not able to pay workers decent wages, then the new 'Buy America' policy would be a pyrrhic victory."


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