Bonuses abound

I know Wal-Mart can be a controversial subject of conversation among some circles. With all the talk of bonuses Wal-Mart now has the gall to give out hundreds of millions of dollars of bonuses, to their hourly employees.

I learned of this from Russell Roberts' blog Cafe Hayek. The original news article is from bloomberg.com and contains a fair amount of details. I appreciated Roberts' comments.

Don't they know there's a recession going on? How dare they award their employees for doing a good job? They should all give a bunch of the money back to the government. What? The bonuses aren't being funded by taxpayers? How yes, I remember. This is how capitalism once worked. Successful companies rewarded their employees and lousy companies disappeared.