by on March 6, 2013 · 0 comments
An overlooked argument in the minimum wage debate is that a high minimum wage gives big businesses an artificial competitive advantage over their smaller competitors. As I noted recently:
When states are considering hiking their minimum wages, big companies like Walmart routinely lobby in favor of the increases. They know that while they can afford the extra payroll, the mom-and-pop store down the road might not be able to. Advantage: Walmart.
As if on cue, the Huffington Post reports today that Costco CEO Craig Jelinek came out in favor of increasing the minimum wage to $10 per hour, even higher than President Obama’s proposed $9 per hour. The article notes that Costco has a reputation for paying its employees very well, and would be mostly unaffected by such an increase….To Read More….
My Take – As I have often said; it is absolutely imperative we understand there is a huge gap in the values, goals, initiatives and views between businesses and big businesses. This is true in the the way chemical manufacturing businesses view regulations versus those who use their products. As allies the chemical companies are at best leaky vessels.
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