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Wal-Mart: Low Prices, but at What Cost?

Katherine Kersten tries to represent Wal-Mart as a hero of working families. But what Wal-Mart has saved poor and middle-income Americans -- and there's reason to doubt the depth and durability of the discounts Kersten cites -- it has taken that and more from them in diminished job opportunities and reduced income.

It's not just Wal-Mart. Rather, it's the economic model that Wal-Mart perfected and that others, including Home Depot and Target, also follow.