Friday, October 28, 2005

Wal Mart Backs Min. Wage Hike

Some of you might have heard that the head honcho of Wal Mart, H. Lee Scott, has come out in support of raising the minimum wage. Whether this is part of a public relations campaign or that they have some ulterior motive could be argued endlessly. Lew Rockwell wrote a good piece on his take of what's going on. I think he might well be right and I'm not a Wal Mart basher. Typical case of a large business supporting regulations to suppress competition.

2 Comments:

At 3:13 PM, Anonymous Leonidas said...

Leonidas read the same article and came to the identical conclusion. This time Lew is spot on. Also take a look at the great article by Tim Case.

 
At 4:32 PM, Blogger Jeff said...

from the article:

"...Or you can lobby the local government in the name of "social responsibility" (oh, such high ideals!) to require that all coffee sold in your town be "fair trade."

Who does that benefit? Your company. Who does it hurt? Their company."

Um, he left out the coffee bean growers and pickers who live in a different country. I refer once again to my favorite expample of corporate imperialism, Guatemala in 1954.

 

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