AFL-CIO economist John Zalusky's argument that big companies benefit the economy more than small ones do.
"It's what you learn after you know it all that counts."
-- John Wooden, UCLA basketball coach, 1948 to 1975
In case you missed it, the following item appeared in the "Labor Letter" on the front page of the January 4 edition of the Wall Street Journal. It is reprinted here word for word, with absolutely no editing. Scout's honor.
"AFL-CIO economist John Zalusky contends the public has been hoodwinked into thinking that smaller companies are the most beneficial force in the economy. In fact, he says, they often aren't covered by federal safety laws (which only apply to companies with 11 or more workers), or by antidiscrimination policies and other government safeguards. Moreover, the jobs they create tend to be service jobs with lower pay and perks, Mr. Zalusky says.
"The Clinton health plan would force all companies to provide health insurance for workers, but it would cap the costs -- effectively shifting costs to small firms. Mr. Zalusky argues that should help the economy by generating job growth at bigger companies, which pay better and are subject to worker protections. He concludes: 'Big companies need fair and equal treatment."