Thursday, July 05, 2007

Wal-Mart Is Bad For America

Wal-Mart tells its suppliers to move production to China, or else. China executes anyone who complains about wages or working conditions. Where's the FREE in 'Free Trade' when you're dealing with totalitarian regimes like China and Wal-Mart?

Wal-Mart's Dealings With China Driving Job Loss - Just how devastating has Wal-Mart's exploitation of cheap labor in China been?

Since China's entry into the World Trade Organization in 2001 -- the corporate giant's trade deficit with China has cost the U.S. nearly 200,000 jobs.

A new report from the Economic Policy Institute outlines the extent U.S. workers have been hurt by Wal-Mart's dealings with China.

Hit hardest by Wal-Mart's imports from China has been the manufacturing sector -- with 133,000 decent, well-paying jobs lost.

Wal-Mart was responsible for $27 billion in U.S. imports from China and 11 percent of the total growth of the U.S. trade deficit with China over the past 5 years.

While the U.S.'s overall trade deficit of $235 billion with China has cost nearly two million jobs -- the EPI report points specifically at Wal-Mart's role in the job loss.

The report states: Wal-Mart has aided China's abuse of labor rights and its violations of internationally recognized norms of fair trade behavior.

Economic Policy Institute website
Machinists News Network on YouTube
International Association of Machinists and Aerospace Workers website -

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