Wednesday, September 27, 2006

Oh Boy . . . . Wal Mart

RUSSELL ROBERTS POINTS to news that Wal Mart has opened in Chicago. He quotes several comments by Julie Edwards, one of the first shoppers at the new store:
"'I love this store,' Edwards said. 'It's about time we get nice stores in this neighborhood.'"
And also:
"I want to see them make $10 an hour, but if they can't, at least they can make something," Edwards said. "They're creating jobs for our community."
I agree with Roberts:
"FIFTEEN THOUSAND people applied for the 400 jobs. Only an econometrician unconstrained by economics could conclude that somehow the increase in demand for workers by Wal-Mart can somehow lower wages in the Chicago area. I'll stick with Julie Edwards's assessment."

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