Wal-Mart claims it creates jobs across America, but a new report shows a much different reality.
The giant retailer’s reliance on cheap goods made in China has cost this country nearly 200,000 jobs since 2001, says the report, The Wal-Mart Effect, by the nonprofit Economic Policy Institute (EPI).
The report shows Wal-Mart has played a major role in creating a record trade deficit with China that has eliminated some 1.8 million jobs, mainly in manufacturing.


