- Oct 9, 1999
- 39,234
- 701
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http://finance.yahoo.com/news/wal-mart-pushes-made-america-summit-180302824.html
Not sure how I feel about this or whether it will result in anything. I guess the public pressure and image finally got to Walmart because I'm sure they aren't doing this for the betterment of the average US citizen (unless they finally realize that people with better jobs spend MORE money). Lots of chatter lately about this subject....is the US finally going to wake up and start rebuilding the middle class foundation which holds our economy up?
Also, it would be interesting to listen in on Walmart sales pitches to see if the chain is still pushing manufacturers for lower and lower prices to the point that they (Walmart) knows that the stuff has to be made offshore to make it to the level that Walmart requires (price wise).
ORLANDO, Fla. (AP) — Wal-Mart Stores Inc. spearheaded an effort Thursday to bring together retailers, suppliers and government officials so they can figure out how to bring more manufacturing jobs to the United States.
The world's largest retailer hosted its first two-day U.S. Manufacturing Summit in Orlando, hoping to capitalize on the company's recent commitment to drive more manufacturing in the U.S. The "made in the USA" campaign could boost Wal-Mart's image, which is constantly under attack by labor-backed groups who have criticized the retail behemoth as a destroyer of U.S. jobs rather than a creator.
Not sure how I feel about this or whether it will result in anything. I guess the public pressure and image finally got to Walmart because I'm sure they aren't doing this for the betterment of the average US citizen (unless they finally realize that people with better jobs spend MORE money). Lots of chatter lately about this subject....is the US finally going to wake up and start rebuilding the middle class foundation which holds our economy up?
Also, it would be interesting to listen in on Walmart sales pitches to see if the chain is still pushing manufacturers for lower and lower prices to the point that they (Walmart) knows that the stuff has to be made offshore to make it to the level that Walmart requires (price wise).