Socialism?

Submitted by Prometheus 6 on May 28, 2006 - 7:37pm.
on

Nope. Quid pro quo. 

When you incorporate an organization, that organization becomes a person for legal purposes. This is a pretty astounding grant of power. Wal-Mart, General Motors, American Airlines, Microsoft all have full freedom of speech rights...and they don't even have a mouth. Corporations should be required to give something back in exchange for that grant.

Corporations ask municipalities for incentives to do what they are planning to do anyway...and they get it, in exchange for promises of jobs that rarely generate enough income tax to pay for the incentives. Having paid for those jobs, municipalities are entitled to some say in the nature of those jobs.

In Chicago, New Pay Law Is Considered for Big Stores
By GRETCHEN RUETHLING

CHICAGO, May 27 — Chicago may become the first city in the nation to require "big box" retailers like Wal-Mart or Home Depot to pay employees a "living wage" of at least $10 an hour plus $3 an hour in benefits.

So far, 33 of 50 City Council members have signed on to the proposed ordinance — more than enough to pass it, perhaps as soon as next month.

The bill would affect only stores that have at least 75,000 square feet and are operated by companies with at least $1 billion in annual sales, allowing smaller retailers to continue with the state minimum wage of $6.50 an hour.

"This is an effort to try to preserve the middle class," said Joe Moore, an alderman from the North Side who sponsored the measure. Mr. Moore called the notion that it would drive retailers out of the city "hogwash."

But others say the measure will scare off employers.

"Don't let me be the experiment," said Emma Mitts, the alderwoman in the poor and mainly African-American neighborhood of Austin on the West Side, where the city's first Wal-Mart is scheduled to open this year. "Not at a time when my community needs these jobs so badly."

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Submitted by DarkStar on May 29, 2006 - 8:43pm.

That means Chi-town won't have big box stores.

This is silly.

 

Submitted by Prometheus 6 on May 29, 2006 - 9:26pm.
Unless it becomes a standard practice.
Submitted by DarkStar on May 29, 2006 - 10:22pm.

Standard practice would mean inflation.

It would also mean job loss because man power intensive industries would look for alternatives.

Some are already claiming that Wal Mart is making more of its employees part time to get around benefit payments. Meanwhile, people who really need Wal Mart because of the prices, will suffer.

Again, the logic behind this makes no sense if any thought about action and reaction is taken into account.

 

Submitted by Prometheus 6 on May 29, 2006 - 11:12pm.

It means inflation only because there's no concept of "enough." But there will have to be. If everyone is poor, the economy dies.

Corporate America can learn to live with merely astounding profits rather than obscene profit. And Chicago will have big-box stores because they won't leave all that money on the table.

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