Thursday, December 10, 2015

The Walmart Effect in China

©iStock/Robin Images
As a global small business owner, how many times have you said, "I wish I was as big or had the power of Walmart?"  Oh come on.  You know you've gone there.  And yet you might work with Walmart and only worry about two things:  1).  Keeping up with demand and 2).  Getting get paid on a time.

But what if, just what if, you had to worry about this:
With Walmart (WMT) importing more cheap goods from China than it exports to that country, the retailer's actions may be implicated in an estimated loss of at least 400,000 U.S. jobs from 2001 to 2013, the study [published by the Economic Policy Institute] finds.
Would you rather remain who you are as a global small business owner -- creating jobs for America -- or become the size of Walmart and deal with their issues?

Read more:  Walmart's China syndrome:  The loss of U.S. jobs

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