We'd encourage business leaders to look a little harder at their labor costs to see where they can trim great waste and improve productivity before making a final judgment on what their companies can really afford.
We can expect that some of the folks Bair is criticizing will say that she hasn't had experience running a business. If so, what would they say in response to Craig Jelinek, who shares her concerns about growing wealth inequality in America?
So nice of you to offer these suggestions, Quebec. But do you really think that Walmart is going to become Le Magasin Walmart just for your shoppers? Even the "real" French are less stringent about their language laws -- and that's saying a lot.
At the conclusion of its lengthy expose of Wal-Mart's bribery campaign in Mexico, the New York Times narrated the story of Emmanuel D'Herrera Arizcorreta, who died in prison as a result of his battles against Wal-Mart. But fellow activists charge that Wal-Mart is responsible for his death.
President Obama, you must lead. It is you who must "settle." Or it will be you who gets blamed for the second credit downgrade and second recession in five years, not your oft-blamed predecessor, George W. Bush.
Henry Ford famously decided in 1914 to pay many of his workers the then incredible sum of five dollars a day, which was substantially higher than the prevailing wage at the time. Ford's revolutionary approach to industrial wages should now be applied to America's retail sector.
The ability to buy in bulk, as smart as it may be as a strategy for some people and in certain situations, has been shown as a leading contributor to overconsumption that is now all too common in our society.