Major American companies that used to manufacture their goods in the United States are now manufacturing their goods in China because Walmart puts enormous pressure on the company to lower prices. If the company wishes to sell its goods in a Walmart, it will lower prices. This is good for you in that you get goods at a lower cost. It is bad for the U.S. employees of the business because they lose their jobs. What is the net good/bad in your mind?

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The situation you described highlights a complex tradeoff between lower prices for consumers and job ... View the full answer