Wal-Martization
n.— «In a process that has been coined “Wal-Martization,” the $359 billion retail behemoth is driving down wages and benefits in the retail industry and beyond as competitors scramble to imitate its business model and suppliers clamp down on their own labor costs to win Wal-Mart’s business.» —“Organizing Wal-Mart Crucial to U.S. Union Movement” by Deidre McFadyen International Labor Communications Association (U.S.) Nov. 23, 2004. (source: Double-Tongued Dictionary)
Further reading
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