Parsimony – Living Wage D.C. Style
The wonderful do-baders (they actually think they’re dogooders) in the District of Columbia really care about their citizens that they are pushing through a new law that will require large retailers (Wal-Mart) to pay a 50% (yes that’s percent not “centsâ€) premium over the existing minimum wage. The Washington Post reports:
Premium on minium wage mandated by D.C. lawmakers could chase Wal-Mart jobs elsewhere
WASHINGTON — District of Columbia lawmakers gave final approval on Wednesday to a bill requiring certain large retailers [Wal-Mart] to pay their employees a 50 percent premium over the city’s minimum wage, a day after Wal-Mart warned the law would jeopardize their plans in the city. [The parent, Wal-Mart, warned the children, DC lawmakers, that the fire was hot, but they touched it anyway.]
If you think that the next presidential election is only about Obamacare and other Obama policies, please notice the narrow victories in the United States Supreme Court for centrist issues. The next judge could be a crucial swing vote.