Monday, February 28, 2005

Timothy Noah takes issue with Wal-Marts claim that they pay decent wages. Noah claims this can't be true "because that would create an investor stampede away from Wal-Mart stock". Yet Costco - a Wal-Mart competitor of sorts - claims to hasn't suffered through an investor stampede, despite their claims to be paying cashiers four years of experience more than $40,000 with full benefits.