Skip to comments.
Latest Liberal Crusade - Why Wal-Mart Should Pay More
RealClearPolitics ^
| May 10, 2005
| Thomas Sowell
Posted on 05/11/2005 4:42:13 AM PDT by JBW
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-44 last
To: JBW
It would be devastating to the egos of the intelligentsia to realize, much less admit, that businesses have done more to reduce poverty than all the intellectuals put together. Ultimately it is only wealth that can reduce poverty and most of the intelligentsia have no interest whatever in finding out what actions and policies increase the national wealth.
Every penny of wages paid by Wal-Mart comes from the prices paid by Wal-Mart shoppers. So, forcing Wal-Mart to pay more for labor benefits Wal-Mart employees on the backs of Wal-Mart's customers. This, the intelligensia can stomach, because the intelligensia is over-represented in the ten percent of Americans who did not shop at Wal-Mart last year.
41
posted on
05/12/2005 12:17:09 AM PDT
by
The Great Yazoo
("Happy is the boy who discovers the bent of his life-work during childhood." Sven Hedin)
To: kpp_kpp
everything that anyone does in the U.S. can be done cheaper elsewhere (manufacturing, information technology, services industries, etc.). That is not true by any means. In the overwhelming number of situations, American workers produce far more in value than they cost, and further, they produce multiple times as much in a convenient manner as do these "low cost" places - thus the unit cost is lower.
42
posted on
05/12/2005 5:14:44 AM PDT
by
lepton
("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
To: kpp_kpp
but since y2k i would venture to guess you'd be surprised at the number of projects that have been lost to $5-10/hr india developers. back in 2001 everyone thought it would be unmanagable fad but the fad isn't over yet. It has certainly become a stable pool - one which is becoming more proficient. The thing is, that the pool has mostly been hired now and is experiencing wage pressure as businesses are beginning to have to actually compete for their services.
43
posted on
05/12/2005 5:19:00 AM PDT
by
lepton
("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
To: JBW
They certainly don't feel any "obligation" to learn economics, out of a sense of "social responsibility," much less because of any "social contract" requiring them to know what they are talking about before spouting off with self-righteous rhetoric. Whoa! If these "scholars" can actually read and comprehend this, that would really sting. Better put some ice on that.
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-44 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson