Friday, February 09, 2018

September 2006: The Wal-Mart nonsense




This is a post from 2006:

Wal-Mart as Red Herring By Robert Samuelson is the latest article on the reality of Wal-Mart:
"No company should be above public scrutiny. But much of the political criticism of Wal-Mart is shallow and, if followed, undesirable. Wal-Mart doesn't pay high wages and benefits mainly because it's in an industry (retailing) where those are rare. In 2005, average hourly wages were $10.85 for food stores, $10.63 for clothing stores and $10.84 for department stores.
As General Motors and Ford are now discovering, companies that pay above-market labor costs ultimately shrink and destroy jobs. The efforts of some local governments -- notably the Maryland Legislature and Chicago City Council -- to mandate higher labor costs on Wal-Mart are shortsighted."
Unfortunately, Wal-Mart has become the latest punching bag of the left. Why? Let me give two reasons:

1) Wal-Mart is not unionized; and, more importantly,
2) Democrats do not have ideas!