27 October, 2005
I Bragged on Wal-Mart
back in January, but while a medium dose of the PR machine is good, now they've gone too far. Now the CEO (in nothing more than a political 'feel-good' move, in my opinion) claims that the minimum wage should be raised. Never mind that it won't affect Wal-Mart in terms of its own employees. The dirty little secret that those of us who understand basic economics will tell you is that it will affect Wal-Mart's smaller competitors- think of the 'mom-and-pop' shops that Wal-Mart hasn't yet defeated.
It makes me sick when companies have to rely on the mechanism of the government (regulations and policy) to defeat its competitors instead of slugging it out in the marketplace. Shame on you, Wal-Mart.
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