In case anyone needed further evidence that minimum-wage laws create unemployment, here is another story about Wal-Mart.
Wal-Mart once had a thriving business model. It offered cheap goods at a central location.
But Wal-Mart has come under attack from anti-business voices for years. In response, Wal-Mart has increased its pay rates for its labor (which has put the giant retailer in danger from competitors).
This past quarter, Wal-Mart suffered major losses, and announced it would close (or not open) several Wal-Mart stores around the country. Columnist Debra J. Saunders suggests that Wal-Mart appears to be closing stores sited in areas with higher-than-market minimum-wage ordinances.
