Higher Wages = Higher Profits

Anyone who has ever run a company knows that it is critical to control wage costs. How often have you been discussing a job candidate’s salary request and said, “I think we should pay more than they’re asking”? In our mind, there is an unwritten rule that says, “Pay people as little as you can … Continue reading Higher Wages = Higher Profits

The Wal-Mart Safety Net

As long-time readers know, I’m a huge critic of Wal-Mart’s critics, who typically combine two characteristics I despise: A complete misunderstanding of economics, and a fundamentalist faith in the power of trade unions. What these critics miss is that fact that Wal-Mart passes nearly all of the savings it squeezes out of its value chain … Continue reading The Wal-Mart Safety Net