Thursday, December 01, 2005

Consumers say Wal-Mart bad for U.S.

A recent report from wakeupwalmart.com (a union-funded group that has been pressuring Wal-Mart to raise employee wages and benefits) showed that out of 1,012 randomly selected adults 56% believed that Wal-Mart was bad for America. The survey asked the participants to pick one of two options that they most closely associated they feelings with Wal-Mart.

Participants could choose: "I believe that Wal-Mart is bad for America. It may provide low prices, but these prices come with a high moral and economic cost for consumers" or that "Wal-Mart is good for America. It provides low prices and saves consumers money every day." Out of the other 44% of America, 36% said Wal-Mart was good for America and 8% declined to answer.

Another poll from Zogby questioned consumers on whether or not they believed Wal-Mart was becoming too powerful in the market. 33% of participants claimed they wer very concerned, while 20% claimed they were not concerned at all.

What do you think? How do you feel about Wal-Mart's power in the market? Do you think that Wal-Mart is on the verge of becoming a monopoly?

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