Why, when there is no question that nothing has created more wealth and eradicated more poverty than capitalism, do left wing politicians hate it so much? After all, it's supposed to be the left that cares about the poor. The latest chapter in this ongoing saga of economic perversity is action being taken in Washington, D.C., to prevent Walmart from opening stores there.
The District's council has passed a bill, awaiting signature by the mayor, specifically targeted to block Walmart. It raises the District's minimum wage 50 percent to $12.50 per hour, but only for stores with more than $1 billion in sales and store size of more the 75,000 square feet. Unionized stores in the District with these characteristics are exempt. In other words, the bill protects special interests and blocks who politicos don't want - Walmart. Walmart promptly announced that if the mayor signs the bill into law, they will cancel plans to open three stores, each of which would create around 300 new jobs…[paying above the industry average]…But the real issue is, what is it the business of politicians what Walmart pays? Unlike government, that fines you or jails you if you don't do what lawmakers want, people work at Walmart because they choose to do so.
Walmart says it gets anywhere from 10,000 to 25,000 applications for 300 to 400 job openings when it opens a store. That's more than 25 applicants per job…..the greeters….are often disabled and other hard to employ individuals. Walmart gives them a chance to work....To Read More.....
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