MEXICO CITY, Dec. 5 - The company that ate America is now
swallowing Mexico.
Wal-Mart, the biggest corporation in the United States, is
already the biggest private employer in Mexico, with
100,164 workers on its payroll here as of last week. Last
year, when it gained its No. 1 status in employment, it
created about 8,000 new positions - nearly half the
permanent new jobs in this struggling country.
Wal-Mart's power is changing Mexico in the same way it
changed the economic landscape of the United States, and
with the same formula: cut prices relentlessly, pump up
productivity, pay low wages, ban unions, give suppliers the
tightest possible profit margins and sell everything under
the sun for less than the guy next door.
"This is the game that Wal-Mart has played in the United
States," said Diana Farrell, director of McKinsey Global
Institute, a policy research group run by the international
business consultancy McKinsey & Company. "They've changed
the name of the game in Mexico."
In the United States and Western Europe, Wal-Mart has been
accused of driving down wages, introducing cut-throat