I’m now convinced that Ezra Klein was correct when he said
“I’m of the opinion that how to handle WalMart is among the two or three most important issues facing the country.”
Huh? Well, as James Glassman argues, the question translates to “Are we grownups or children?”
I think Ezra Klein has indeed identified an extremely important question, quite truthfully, one of the two or three most important issues facing the country. Are we adults or children? If we are to be adults of course we should also apply the same blindingly obvious logic to the minimum and living wage movements. As Costco proves, when companies pay more for the labor they hire, they hire less of it.
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