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Good news and bad news from Wal-Mart
National Review, Nov 21, 2005
Good news and bad news from Wal-Mart. The good news is that the company plans to offer health-savings accounts to its employees. The more consumers use HSAs, the more transparent and the lower health-care prices should become. The bad news is that the company's CEO also came out for an increase in the minimum wage.
We don't mind when Wal-Mart outcompetes mom-'n'-pop stores, which often pay lower wages than it does. But it should not be able to recruit the federal government to help it drive them out of business. Wal-Mart's recent decisions confirm that it is folly to expect corporations to act on the basis of philosophical consistency--and that they are more likely to promote the public good when they stick to their own business than when they lobby government.
COPYRIGHT 2005 National Review, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
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