Wal-Mart has been advertising their roll back prices on national TV. If you look in the fine print, these prices are good throughout the entire Untied states except... Wisconsin.
Wisconsin has an ancient law called a minimum mark up law, where stores have to sell an item at a certain price, a price basically set by the government. Because some of Wal-Mart prices fall below the minimum mark up law, those prices cannot be offered cannot be offered in Wisconsin. While I am not sure, prices like a case of 24 cans of Coke and Pepsi that go for $5 in Las Vegas, that may not be the price in Wisconsin due to their law. That has been the price for the past several months. A 24 pack of Sam's Cola goes for $3.48.
So, while residents in Wisconsin misses out on specials by Wal-Mart and other stores, it is nice to know that the politicians in Wisconsin continue to look out for the poor by keeping prices higher than they should be. The people of Wisconsin who are poor and struggling to get by can thank Jim Doyle and the other Democrats of the State for their concern.
Sunrise — 7:01.
7 hours ago
The minimum markup law is over 70 years old. It has nothing to do with Jim Doyle or the Democrats currently in power. Several sessions of Republican controlled government have also failed to act or do anything to change that law.
ReplyDeleteMinimum mark up also keeps businesses like Walmart from forcing local businesses out with prices that are in negative profit but made up by other higher priced items. Forcing out local and small businesses hurts the Wisconsin economy and eliminates jobs, increasing the number of us that are currently on UI. This law does not hurt "the poor" as much as many big businesses would have you believe.
ReplyDeleteThe reason I blame Doyle and the dem's is that they currently own State Government in WI and that there have attempts to repeal the law, only to have it shot down by the Dems.
ReplyDeleteThe arguement that it saves job is just false. The mom and pop stores hardly exist anymore, except in smaller cities and inner city neighborhoods. Wal-Mart has been around for several decades. If the smaller stores have not disappeared now, they won't in the future, unless they proide crappy service.
And this law does hurt the poor and it hurts them badly. If Wal-Mart is allowed to lower their prices, especially food prices, the poor can buy more food, unless, of course their are no poor people in Wisconsin.