The Wal-Mart Effect

Can someone tell me how this is good for America?

WHEN WAL-MART COMES to town selling groceries, it undercuts prices in the market by 14 percent. So says UBS Warburg, an investment firm that studied the impact of Wal-Mart Supercenters in Dallas, Las Vegas and Tampa.

That's good news for consumers, bad news for the competition and awful news for workers in the supermarket industry

Yeah, sure, it's good for consumer -- as long as the consumers don' t happen to also be employees of the struggling unionized supermarkets.