Someone with a background in economics, business, philosophy, and watching the world. I want it to be less Krazy!
My view point is reality, not the make believe world of made up money and the use of force against the innocent. I argue from the economic view point of Austrian economics and the position of individual rights, freedom, reason, and rational self-interest as defined by Ayn Rand.
The DC city government just passed a law putting the minimum wage at $12.50 an hour for “big-box” stores. The city already has a high youth unemployment level. It has many underemployed adults. The level of unemployment is going to get worse. The Voice of Reason blog noted that someone in the city government said that the businesses needed them more than they need the businesses. Fantasy Island. WalMart immediately announced that it will not build three new stores. It may close the three already doing business.
I don’t know who else would be included in the “big box” designation, but there are a lot of stores who would be similar. Nor do I know if there is a president for such a special category. Hmmmm, I also don’t know if other retailers realize how anti-business the government in DC is. I jokingly call it a third-world country. That is the level of its thinking. Its only attraction is the Federal Government, which should give you a clue about it. What is sort of funny is that even the Federal Government is seeing a steady slip of jobs out of the city as agencies move. At times, it has been a lovely city. At times it has burned. It probably will again considering how poorly its economy will do.