04/19/2017

No Institution Or Agency Has Done More To Help The Poor Than Walmart

John Tierney, City Journal

If budget-cutters in Washington decided to eliminate food-stamp benefits to New Yorkers, the city’s politicians would be denouncing the cruelty of the “Republican war on the poor.” Yet Mayor Bill De Blasio and the city council are already inflicting the same sort of pain on low-income New Yorkers by denying them access to one of the nation’s most effective anti-poverty programs: Walmart.

When he was mayor, Michael Bloomberg supported Walmart’s efforts to open a store in New York, but the company faced unremitting resistance from unions and elected officials, and it gave up the fight once de Blasio moved into Gracie Mansion. “I have been adamant that I don’t think Walmart—the company, the stores—belong in New York City,” de Blasio said.

Walmart’s benefits are obvious to shoppers and to economists like Jason Furman, who served in the Clinton administration and was chairman of the Council of Economic Advisers under President Obama. In a paper, “Walmart: A Progressive Success Story,” Furman cited estimates that Walmart, by driving down prices, saved the typical American family more than $2,300 annually. That was about the same amount that a family on food stamps then received from the federal government.

How could any progressive with a conscience oppose an organization that confers such benefits? How could de Blasio and the city council effectively take money out of the pockets of the poorest families in New York? Because—though they would deny it—they care a lot more about pleasing powerful labor interests, especially the United Food and Commercial Workers (UFCW), which helped lead the long fight to keep Walmart out of the five boroughs.

Labor activists have been spreading horror stories for more than a decade about Walmart’s purported mistreatment of workers, yet somehow they haven’t dissuaded thousands of people in other cities from lining up for jobs whenever a Walmart opens. Often there are five or ten applicants for each job. As the economist Richard Vedder has noted, the pay at Walmart is comparable with that of other large retailers.

Read full article



You May Also Like:

Trump’s Tangle Of Rhetorical Inadequacy Peggy Noonan, The Wall Street Journal

ISIS Claims Responsibility For Barcelona Terrorist Attack [Watch] Iain Burns and Dave Burke, Daily Mail

Who’s Next, George Washington? Harry Stein, City Journal

Leftist Revolutions Have No Limits Max Madison, American Greatness

Venezuela's Starving People Are Now Eating The Zoo Animals Tim Worstall, Forbes.com

Take Down The Statues Of Robert Byrd Daniel John Sobieski, American Thinker

Gary Cohn Is Suddenly The Most Important Person In Washington And On Wall Street [Watch] Jake Novak, CNBC

Shep Smith Claims Republicans Are Unwilling To Defend Trump’s Comments [Watch] Martin Walsh, Western Journalism

Silicon Valley Billionaires Are The New Robber Barons Victor Davis Hanson, National Review

How To Know You’re In A Mass Hysteria Bubble Scott Adams’ Blog

Americans Are Rapidly Descending Into Madness Michael Krieger, Liberty Blitzkrieg

Privatize The Public Monuments Ryan McMaken, Mises Institute

Chart: Global Income Distributions From 1800 To 2015 Andrew Moran, Economic Collapse News

Lib Media Hiding Dark Secret About Woman Who Toppled Confederate Monument Martin Lioll, Conservative Tribune

So When Will China’s Debt Bubble Finally Blow Up? Wolf Richter, Wolf Street

Missouri Senator: ‘I Hope Trump Is Assassinated!’ Chuck Ross, Daily Caller

What Exactly Fuels The Anticapitalism Of Pope Francis? Helen Andrews, Library of Law and Liberty

Politicians Can't Get Enough Energy Cronyism Veronique de Rugy, Reason

ObamaCare Failure: The Uninsured Are Turning To Over-The-Counter Animal Drugs Brendan Pringle, Red Alert Politics

For More go to the Home Page >>>

Search

SIGN OUR PETITION

FreeMarket Central

TELL CONGRESS: STOP THE POLITICS.

PASS A HEALTH CARE BILL THAT PUTS PATIENTS FIRST



Americans need a health care bill that serves needs of individuals—not those of Washington and big corporations.

 

Read more

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

In Search Of History

When America Was Truly The Land Of Opportunity

For [early immigrants] America was truly the land of opportunity. For the first time in their lives, many were truly free to pursue their own objectives. That freedom released the human energies which created the United States. There were few government programs to turn to and nobody expected them. But also there were few rules and regulations. There were no licenses, no permits, no red tape to restrict them. They found, in fact, a free market, and most of them thrived on it. 

-- Milton Friedman,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.35%
    FreeMarket Central Shadow Stats: 22.1%
  • Inflation:
    FreeMarket Central July Year-to-Year: 1.63% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.3%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]