“The Wall Street Journal explains Wal-Mart’s motivation in benign-sounding terms: ‘Wal-Mart — which provides insurance to employees’ — ‘wants to level the playing field with companies that don’t.’ This is a sugary way of saying that Wal-Mart wishes to use the aggressive controls of the state to force firms smaller than it to provide what they may or may not have the resources to provide. Those firms that are unable to continue operating under the state’s new regulations will, of course, be forced to go out of business (unless they’re able to procure bailouts — this is also problematic), thus leaving less firms with whom Wal-Mart will need to compete. This is bad not only for workers but also for consumers. We shouldn’t really be surprised by Wal-Mart’s recent move. As Mr. Lew Rockwell reported in 2005, Wal-Mart called for an increase to the minimum wage so as to impose a higher cost on smaller competitors.” (07/02/09)