Today’s Wall Street Journal has an editorial that says many things that need to be said about the Big Labor “win” in Maryland that is designed to punish Wal-Mart for not putting more of its employee compensation into health insurance. You can read the sharp editorial here.
If it hadn’t been the the lunacy of wage and price controls during World War II, employers probably would never have gotten into the business of providing insurance benefits to employees at all and we would be spared this controversy. Government interventions always have unintended consequences and this is an excellent example.
