Quote:
Originally Posted by baddog
What do you call it?
|
Retail businesses don't create new jobs. If all you're doing is setting up shop in a town to sell things to people who live in that town, then it's not a net plus for the local economy.
All you're doing is taking away from other businesses that were already in the area, so it's a job transfer, not a job creation.
In cases like Wal-Mart they actually destroy jobs because they use far fewer man hours in labor to generate the same amount of sales than the stores they usually replace when they come to town.
Therefore, giving tax breaks to a Wal Mart store to come to town is a pretty stupid thing for a public official to do. Giving tax breaks to a manufacturing plant or a business like that may make sense, because that does create jobs, but not retail.