John Tamny of Forbes
 
In a 2005 speech meant to reduce the irrational criticism of Wal-Mart’s wage policies, then-CEO Lee Scott calmly explained that the retail giant’s low hourly pay was purely economic–the result of “differences in the nature of the business, sales and profit per employee.” Eager to be even more transparent about wages to a media and political class desperate to paint the company as an exploiter, Scott noted that “whether we have 30 stores or 3,000 stores, this is still retail.”

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