No, because if they paid nothing, people wouldn't work there and they wouldn't be able to sell their products.
That is however the logic of your statment.
No, its not.
I initially suggested unions provide a negative impact on the economy because they artificially inflate the price of labor, compared to what it would be under the conditions of supply/demand. Initially I did not state the reason for there to be a floor because it wasn't relevant.
I note your unsupported sweeping allegations about unions. All around the world unions act to prevent unscrupulous businesses taking advantage of their employees, to ensure that their rights are protected and to ensure that they receive a fair share of the rewards their work produces.
I find it ironic that you address my argument as being 'unsupported sweeping allegations by providing your own unsupported sweeping allegations.
Its the 21st century. At least here in the western world we're far removed from the days of the robber barons, etc. There's no 'great evil' that unions are protecting us from.
Unions don't "protect rights". They take away rights. I worked at jobs where I was covered by the union. The union in that case took away my
personal right to negotiate with my employer for my own wages/benefits.
And your definition of 'fair share' basically means "more than they should be getting, just because they have the ability to demand more".
Would you be upset if you found out that all the barbershops in your town were banding together and artificially setting prices too high? How about if all the corner stores got together to say "Lets all double the price of milk... since we're the only places to get milk late at night, they'll be forced to buy from us and increase our profits". Both of those cases are illegal (and as well they should be). Its called collusion. So why is it considered good if the employees get together and say "we'll work together and demand more, because an employer is forced to work with us."
I never said they were "all" good. Yes, they have and done things which are illegal or downright boneheaded. But they have also been victims of bad publicity, and of people who don't necessarily look at things logically and/or have an ax to grind.
and vice versa. The primary difference largely is that they are the ones who wield the power.
Really? Last time I checked, there was no law forcing people to shop at Wal-Mart. Slavery has been abolished, so people aren't forced to work there. There's also a first amendment in the U.S., so there's freedom of the press. So, what exactly does Wal-mart have the ability to do that gives it all this power?
Do you at least admit that the claims made by the Quebec Labor board (that Wal-Mart closed a profitable store) might in fact be incorrect due to the board's non-examination of all facts related to the case?
It might be. I have also indicated Wal Mart is entitled to all proper treatment under the law.
Hey, at least admitting that the Labor board made a mistake is a step in the right direction.
I could also point out that the 'Labor board' is not a court of law.
And by the way, the 'law' isn't perfect. Its quite possible for a person or company to be treated 'properly' under the law, but have that treatment be unethical or bad from an economical point of view. How would you feel if it were a person sentenced to jail, while the police and/or judge refused to consider possible evidence clearing the accused?
Does that mean you will allow Chinese workers to fill all Wal Marts stores. I doubt it so unless you indicate otherwise you would not actually believe in a true supply and demand.
Straw man. If you're talking about somehow importing workers, then you run into all sorts of issues dealing with immigration. That in itself would make the idea of bringing in Chinese workers to be a non-starter.
Wal Mart is well known for going into some towns and selling goods under cost price and drive other perfectly good mom and pop businesses out of business. Can I suggest you look at the links I posted in a bit more detail? Also see
http://www.newrules.org/retail/news_archive.php?browseby=slug&slugid=28 This is very well known.
Wal Mart has been convicted of predatory pricing.
See
http://www.indyweek.com/gyrobase/Content?oid=oid:25541
The links I posted above also give the lie to this claim.
Ok, I've done some research into the cases mentioned in your links, and found a few flaws...
First of all, Wal-mart wasn't necessarily convicted of 'predatory pricing'. Predatory pricing suggests that prices are set low to deliberately drive competitors out of business. However, there is a concept of a 'loss leader', items sold at minimum or below cost as a tactic to generate sales. However, in Germany and Wisconsin, there are laws against below-cost pricing, even if its done as a loss-leader and not done for malevolent purposes.
Secondly... the German case talked about in one of your links? Turns out that for some products Wal-Mart had reduced its prices to compete with other supermarkets who were also selling below cost. They were still convicted under German law because the other companies were likewise guilty, but I don't think Wal-Mart should be carrying the blame for trying to match the prices of its competitors.
And the Oklahoma case? Guess what? Wal-Mart won that court case.
http://www.wilmerhale.com/files/Pub...ternational Competition Law Update12-2-02.pdf
http://adams.law.ou.edu/olr/articles/vol57/vol574/meyers574.pdf
It is well known around the world that Wal Mart has a history of predatory pricing...
Its also 'well known' around the world that homeopathy works, that Mother Theresa really was a saint, and that someone was drugged and woke up in a bathtub full of ice missing his kidneys. The trouble is, what's 'well known' doesn't necessarily always match up with reality.
and has destroyed small businesses with its illegal activity. I am surprised you are in ignorance of this so hope the few links I have posted will demonstrate the true despicable magnitude of its activities.
Actually, I'm aware of the
claims that Wal-Mart destroys small businesses. But the fact is, as Wal-Mart has expanded, the number of small and single proprieter business has not dropped.
As a study by the University of West Virginia states:
our results suggest that the
process of creative destruction unleashed by Wal-Mart has had no
statistically significant long-run impact on the overall size and
profitability of the small business sector in the United States..
http://www.be.wvu.edu/divecon/econ/sobel/WalMart/Walmart.pdf
(List of similar lawsuits against other companies)
I am not sure what point you are trying to make. Is it that because other stores have issues that makes Wal Mart's despicable practices OK? How many lawsuits has Wal Mart faced? How many of those stores have been convicted of predatory behaviour like Wal Mart?
I already stated what my point was... many (probably most) companies are going to make mistakes. Wal-mart, being one of the bigger companies, is going to make more mistakes simply because of its size. That doesn't mean the company is somehow 'evil', or deserves the reputation its getting (such as being labeled "worst company in the world", as the thread title suggests.)
Condemn companies (or people) for their actual actions, not on perceptions.