The Wal-Mart effect.With Wal-Mart, the question is, does the good outweigh out·weigh tr.v. out·weighed, out·weigh·ing, out·weighs 1. To weigh more than. 2. To be more significant than; exceed in value or importance: The benefits outweigh the risks. the bad? The good is low prices that help low-income customers, fight inflation, and have caused the company to grow to the point that it gives jobs to over one million Americans. The bad is that it pays low wages with lousy lous·y adj. lous·i·er, lous·i·est 1. Infested with lice. 2. Extremely contemptible; nasty: a lousy trick. 3. benefits, destroys downtowns by forcing morn-and-pop businesses to close, and creates unemployment by pushing its suppliers so hard to lower prices that it drives them into bankruptcy. I hope you saw the excellent article by Barry C. Lynn Barry C. Lynn is an American author and a senior fellow at the New America Foundation think tank in Washington, D.C. He has written extensively on globalization, economics, and politics for such publications ranging from The Financial Times and Forbes to Mother Jones and the in Harpers that shows that four of Wal-Mart's top 10 suppliers have been forced into bankruptcy. This is not to mention the hideous hid·e·ous adj. 1. Repulsive, especially to the sight; revoltingly ugly. See Synonyms at ugly. 2. Offensive to moral sensibilities; despicable. wages and poor working conditions that Wal-Mart has forced on its overseas suppliers, many of whose employees look suspiciously as if they belong in primary school. To me, all that adds up to more bad than good. |
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