The Spectacle Blog
Oh, but Dave, it can be such a profitable strategy in the short run. That’s why Wal-Mart’s CEO has urged an increase in the minimum wage. In the long-run, of course, you give the left more power to determine what you can and cannot pay employees. But in the short-run, such a policy makes labor costs higher for Wal-Mart’s competitors—you know, all those Mom-N-Pops the left always accuses Wal-Mart of driving out of business? They go out of business, and Wal-Mart expands its market share.
Of course, getting the left to understand that about the minimum wage makes one feel like the proverbial one-legged man at the a** kicking contest.
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More Blog Posts by David Hogberg
http://spectator.org/blog/2006/08/17/re-for-what-office-is-wal-mart
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