Playing "Chicken" in "The Hog Butcher for the World"
Small retailers have long complained that big-box stores run them out of business, and they are right. The council's tactic, it seems, is to force the giants to make a choice: pay a premium wage because they exert an unfair advantage over smaller stores, or don't come to town at all.
Protectionism is a sticky subject. The
Often, as in the case of US farm subsidies, large corporations are the beneficiaries of these tactics to the detriment of small businesses in developing nations and the
Don't be surprised if Target, Wal-Mart, Home Depot, etc., relent to these demands, determining that the higher wage will not necessarily affect the tremendous profits they will reap in a developing market like South Side Chicago. But let's remember, Daley still has until Sept. 13 to veto. He has been a very vocal opponent of the ordinance.
It's an economic game of chicken between the city council and the mega corporations. It is a game I wish more so-called "public servants" had the guts to play. We'll see who blinks first.
0 Comments:
Post a Comment
<< Home