Monday, November 26
Is Wal-Mart Good for America?
In Circleville, Ohio, population 13,000, the local RCA television-manufacturing plant was once a source of good jobs with good pay and benefits. But in late 2003, RCA's owner, Thomson Consumer Electronics, lost a sizeable portion of its production orders and six months later shut the plant down, throwing 1,000 people out of work
Thomson's jobs have moved to China, where cheap labor manufactures what the American consumer desires -- from clothing to electronics -- and can buy at "everyday low prices" at the local Wal-Mart.
FRONTLINE explores the relationship between U.S. job losses and the American consumer's insatiable desire for bargains in "Is Wal-Mart Good for America?" Through interviews with retail executives, product manufacturers, economists, and trade experts, correspondent Hedrick Smith examines the growing controversy over the Wal-Mart way of doing business and asks whether a single retail giant has changed the American economy.
Click here to watch this show on Frontline, courtesy of PBS.