Wal-Mart Grows Jobs

Good numbers on Wal-Mart from Investors Business Daily, brought to you by Rich Karlgaard, Forbes, via RCP:

“After looking at 25 small towns in different states where Wal-Mart opened stores in 2002, economists Richard Vedder of Ohio University and researcher Bryan O'Keefe of the American Enterprise Institute concluded that employment growth was stronger in Wal-Mart communities than in others."

“In a separate study, economist Emek Basker of the University of Missouri found that, on average, a new Wal-Mart kills 50 local retailing jobs, but creates 100 others—a net gain of 50. And, contrary to Democrats' claims, local wages don't decline."