February 27, 2015

MEGAN MCARDLE: The Church Of Wal-Mart.

I got a lot of responses to my post last week on Wal-Mart’s decision to raise the minimum wage many of its employees earn to $10 an hour next year. One variety of response stood out: the folks who said “Wal-Mart is doing this because it’s good for its business.”

It stood out because it is almost right, but not quite. The correct statement is that “Wal-Mart is doing this because it thinks it’s good for its business.” Never ignore the possibility that Wal-Mart could be completely wrong.

I remark on this because some of the arguments I saw verged upon what I’ve come to think of as “corporation theology”: the belief that if a corporation is doing something, that thing must be incredibly profitable. This is no less of a faith-based statement than the Immaculate Conception of Mary. Yet it is surprisingly popular among commentators, not just on the right, but also on the left. . . .

Corporations do dumb stuff all the time — for decades, even.

Yep. There’s a lot of Dilbert even in the best organizations.

InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.