Stop wasting your money
Wal-Mart’s lengthy struggle to open in New York City has hit fresh problems — a controversial report that said America’s biggest discounter does not just sell cheap, it makes neighborhoods poorer.
The report concludes that Wal-Mart, the biggest U.S. private employer, kills jobs rather than creates them, drives down wages and is a tax burden because it does not give health and other benefits to many part-time employees, leaving a burden on Medicaid and other public programs.
The New York City Council will hold a public hearing on Thursday on the impact a Wal-Mart would have but the retailer has declined to attend.