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RIPR is a (paper) newsletter
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Available Back Issues:
- Feb 08 (30) - IRS migration data,
and what it says about RI, a close look at "entitlements", historic
credit taxonomy, an investment banking sub-primer.
- Dec 07 (29) - A look at the state's
underinsured, economic geography with IRS data.
- Oct 07 (28) - Choosing the most
expensive ways to fight crime, bait and switch tax cuts, review
of Against Prediction, about the perils of using statistics
to fight crime.
- Aug 07 (27) - Sub-prime mortgages
fall heaviest on some neighborhoods, biotech patents in decline, no photo
IDs for voting, review of Al Gore's Against Reason
- Jun 07 (26) - Education
funding, budget secrecy, book review of Boomsday and the Social
Security Trustees' Report
- May 07 (25) - Municipal finance: could citizen
mobility cause high property taxes?
What some Depression-era economists had to say on investment, and why
it's relevant today, again.
- Mar 07 (24) - The state budget
disaster and how we got here. Structural deficit, health care,
borrowing, unfunded liabilities, the works.
- Jan 07 (23) - The impact of real
estate speculation on housing prices, reshaping the electoral college.
Book review of Blocking the Courthouse Door on tort "reform."
- Dec 06 (22) - State deficit: What's
so responsible about this? DOT bonding madness, Quonset, again,
Massachusetts budget comparison.
- Oct 06 (21) - Book review: Out of
Iraq by Geo. McGovern and William Polk, New rules about supervisors
undercut unions, New Hampshire comparisons, and November referenda guide.
- Aug 06 (20) - Measuring teacher
quality, anti-planning referenda and the conspiracy to promote them,
affordable housing in the suburbs, union elections v. card checks.
- Jun 06 (19) - Education report, Do
tax cut really shrink government?, Casinos and constitutions, State historic tax
credit: who uses it.
- May 06 (18) - Distribution
analysis of property taxes by town, critique of RIEDC statistics,
how to reform health care, and how not to.
- Mar 06 (17) - Critique of commonly
used statistics: RI/MA rich people disparity, median income, etc.
Our economic dependence on high health care spending. Review of
Crashing the Gate
- Feb 06 (16) - Unnecessary
accounting changes mean disaster ahead for state and towns, reforming
property tax assessment, random state budget notes.
- Jan 06 (15) - Educational equity,
estimating the amount of real estate speculation in Rhode Island,
interview with Thom Deller, Providence's chief planner.
- Nov 05 (14) - The distribution of
affordable houses and people who need them, a look at RI's affordable
housing laws.
- Sep 05 (13) - A solution to pension
strife, review of J.K. Galbraith biography and why we should care.
- Jul 05 (12) - Kelo v. New London:
Eminent Domain, and what's between the lines in New London.
- Jun 05 (11) - Teacher salaries,
Veterinarian salaries and the
minimum wage. Book review: Confessions of an Economic Hit Man
- Apr 05 (10) - Choosing a crisis: Tax fairness and school
funding, suggestions for reform. Book review: business location and
tax incentives.
- Feb 05 (9) - State and teacher
pension costs kept artificially high. Miscellaneous tax suggestions for balancing the state budget.
- Dec 04 (8) - Welfare applications and the iconography of welfare
department logos. The reality of the Social Security trust fund.
- Oct 04 (7) - RIPTA and DOT, who's really in crisis?
- Aug 04 (6) - MTBE and well pollution, Mathematical problems with property taxes
- May 04 (5) - A look at food-safety issues: mad cows, genetic engineering, disappearing farmland.
- Mar 04 (4) - FY05 RI State Budget Critique.
- Feb 04 (3) - A close look at the Blue Cross of RI annual statement.
- Oct 03 (2) - Taxing matters, a historical overview of tax burdens in Rhode Island
- Oct 03 Appendix - Methodology notes and sources for October issue
- Apr 03 (1) - FY04 RI State Budget critique
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Responsibility:
Tom Sgouros
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Tue, 28 Dec 2004
The cost of Wal-Mart jobs
Anyone concerned with municipal or state economic
development—policies usually embodying the idea that any new job
in our community is a net asset—should read the Wal-Mart report
here. The
authors, part of the Labor
Center at UC Berkeley, have calculated the cost to the state of
California of Wal-Mart's "Always Low Wages." That is, they
found that Wal-Mart employees use subsidized health insurance and
public emergency rooms at a much higher rate than other workers at
supermarkets and large retail stores, and are
more likely to require food stamps to feed their families, and so on.
Wal-Mart is pretty much a closed book, so much of this is statistical
inference, but their assumptions look conservative to me. They came
up with a number of $86 million in 2001, with $32 million in health
care alone. This was apparently based on an estimate of Wal-Mart
workers too low by a third. As you can see at the link, Wal-Mart has
responded, but not very effectively.
Sally Lieber, a CA Assembly member had an October
press
release on the subject, proposing to have the state pension plan
divest from Wal-Mart.
Wal-Mart employs about 1,875 people in Rhode Island, making them the
16th
biggest employer here, as of last June. This is a bit more than 4% of
the number of employees the study assumed in California, making the
fiscal impact to the state of Rhode Island in the neighborhood of $3.6
million per year. Of course this assumes that Government benefits are
the same here as there. The cost of living is higher there, but the
state is more generous here, so probably it's close to a wash.
The report also estimates a cost to the federal government of $2,103
per employee. As of 2001, Wal-Mart had 930,000 employees in the US.
18:04 - 28 Dec 2004 [/y4/de]
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