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Walmart is not the reason jobs are being sent overseas.

GREED is the reason jobs are being sent overseas.

Just for arguments sake let's take 2 pro-dim companies: Tommy Hilfiger & Nike products are all made overseas. That means it is cheaper for them to be made. Is the savings in manufacturing passed on to the consumer by these companies? Heck NO! Their prices continue to soar.

This is just more Dim babble brought to you courtesy of the Lame Stream Media.

Walmart demands a 5% cost cut on all vendors each and every year. The problem for the Vendor becomes this: when they first get involved with Walmart, it sucks up so much volume, that it becomes the major factor for their profit margin. Unfortunately the 5% cut yearly quickly adds up, after which the company is forced to either lose a massive amount of their business (and maybe go out of business now vs later) or ship jobs overseas and put off the inevitable for some time. Thus our manufacturing goes off.

Furthermore, other marts to compete are forcing the same thing on their vendors, thus accelerating the trend.