Overall on average, yes. In practice it's hit or miss - if you're in the industry which doesn't have an influx of cheap competition, you net benefit from overal

Overall on average, yes. In practice it's hit or miss - if you're in the industry which doesn't have an influx of cheap competition, you net benefit from overall increase of competition, but if you're say a barber and there's a train of barbers from Czechoslovakia, your income suddenly drops and it will take quite a bit of competition in other areas to compensate the drop for you. So in the mean time you could be quite vocal about that price undercutting process.