Season 23, Episode 4 Is Wal-Mart Good for America?
First Aired: November 16, 2004
“Is Wal-Mart Good for America?” Correspondent Hedrick Smith assesses the impact of the retail giant's “everyday low prices” on the U.S. economy as he visits Circleville, Ohio, where a factory that made components for TV sets sold at Wal-Mart recently closed, and Shenzhen, China, where those components are now made. “It cuts both ways,” Smith says, pointing to both lower U.S. inflation and a “tectonic shift in production” away from the U.S. Smith also visits Wal-Mart's Bentonville, Ark., headquarters, and traces the company's 30-year relationship with Chinese manufacturers. And he goes full circle (sort of), visiting the site of a planned Wal-Mart right next to the closed Circleville factory, where the jobs will pay barely half of the lost manufacturing jobs. “It's the two models, side by side,” he says.
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- Premiered: January 1, 1983
- Rating: None
- Premise: Investigative news program featuring in-depth documentaries. (more)