Is Wal-Mart Overpaying?

01/26/2006 Mises Wire Thomas J. DiLorenzo

If the idea of prices and wages is that they should clear the market, leaving neither shortages or surpluses, consider that Wal-Mart might be overpaying. According to ChicagoBusiness.com: "The new Wal-Mart Stores Inc. location opening Friday in suburban Evergreen Park received a record 25,000 applications for 325 positions, the highest for any one location in the retailer's history."

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