Brilliant.
The whole article.
"Facing additional headwinds were the long-planned D.C. stores, and not just due to the regulatory hurdles and lobbying fees the company endured before being permitted to enter the market. Since then, a ballot measure seeks to boost the local minimum wage to $15 from $11.50, and the city has proposed legislation to mandate minimum hours for part-time workers and impose new family- and medical-leave requirements.
http://www.wsj.com/articles/bad-days-for-wal-mart-americans-1453247631
The whole article.
"Facing additional headwinds were the long-planned D.C. stores, and not just due to the regulatory hurdles and lobbying fees the company endured before being permitted to enter the market. Since then, a ballot measure seeks to boost the local minimum wage to $15 from $11.50, and the city has proposed legislation to mandate minimum hours for part-time workers and impose new family- and medical-leave requirements.
So Wal-Mart told city officials that the stores couldn’t be profitable and it was nixing them.
To the politicians who serve as gatekeepers to opportunity, which first requires erecting obstacles to opportunity, the company has become unfit for citizenship in their republic of rent-seeking. “I’m blood mad,” Mayor Muriel E. Bowser told a news conference. “This is devastating and disrespectful to the residents of the East End of the District of Columbia,” former Mayor Vincent Gray told the Washington Post.
The proverbial Martian would wonder why politicians are surprised by a shortage of jobs for their constituents, when they continually promote policies that drive jobs away."
http://www.wsj.com/articles/bad-days-for-wal-mart-americans-1453247631
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