Some Wal-Mart Good News / Bad News
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The Good News: A federal judge has struck down Maryland's obnoxious bill of attainder forcing Wal-Mart — and only Wal-Mart — to dedicate a minimum of 8% of its compensation budget to health care. I blogged about the law here, here and here.
The Bad News: In striking down the law, the judge ruled not that Wal-Mart is free to offer whatever compensation packages it sees fit, but merely that the state law was pre-empted by the federal version, generally known as ERISA.
So government interference in free markets and infringement of economic due process (i.e., freedom of contract) are alive and well — just only at the federal level.
I suppose that's something.
The Bad News: In striking down the law, the judge ruled not that Wal-Mart is free to offer whatever compensation packages it sees fit, but merely that the state law was pre-empted by the federal version, generally known as ERISA.
So government interference in free markets and infringement of economic due process (i.e., freedom of contract) are alive and well — just only at the federal level.
I suppose that's something.
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Posted by Kip on
19 July 2006
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