The Hidden Costs of Discount Retail

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The first days of the holiday shopping season have retailers -optimistic- about consumer spending, but there may be hidden costs to the discount-retail business that has shoppers crowding into the stores. Consider Wal-Mart-with sales double those of General Electric and eight times more than Microsoft. In just 50 years, the once small-town five-and-dime has transformed itself into a global economic force. Just how far will Americans go for a bargain? What is the relentless drive for low prices doing to the economy-in America and the rest of the world? We join a labor journalist, sociologist, financial editor, teamster and investment advisor for an examination of the hidden costs of discount super-stores.
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Wal-Mart

Cleeland's article on Wal-Mart expansion

Teamsters on Wal-Mart

World AIDS Day

World Health Organization's 3 by 5 Initiative

Credits

Host:

Warren Olney