The Economics of the Chinese Triads

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“It’s Crazy” – Pandemic Potential Crushes ‘Chinatowns’ Worldwide

Discrimination against China and Chinese people have erupted since the Covid-19 outbreak in January. Anxieties are high as many are avoiding Chinatowns across the world for fear, they might contract the deadly virus.

From Australia to New York City to Toronto to England to San Francisco, Chinatowns in many regions of the world have transformed into ghost towns. We noted this phenomenon last week.

Lily Zhou, 39, who owns a Shanghai-style restaurant in Australia’s Chinatown, told Bloomberg her food sales had crashed 70% since late January, which is around the time the virus started making headlines. She said her operation can withstand another few months of low traffic, and then after that, she would have to close down.

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THE REAL MINIMUM WAGE IS $0

Liberal run cities across America can pass ordinances and laws mandating a $15 minimum wage. And businesses can then choose to close up shop and move somewhere else. Every action has consequences. The poor people of Chinatown in LA just found out the hard way.

Via Breitbart

Walmart Closes LA Store Over $15 Minimum Wage

Walmart L.A. (Nick Ut / Associated Press)

Los Angeles residents of impoverished Chinatown were shocked to learn on January 17 that the Walmart they pleaded for years to get would be shut down at 7 p.m. Sunday evening due to the city’s new $15 minimum wage ordinance, and union harassment.

(Update: The closure was described by the company as one of 154 closures “that took into account a number of factors, including financial performance as well as strategic alignment with long-term plans.”)

Immigrant Hispanic and Asian residents of central Los Angeles campaigned for years for a “big box” retailer to locate in their economically depressed neighborhood to compete against liquor stores that sold a limited number of food items at very high prices. In September 2013, Walmart finally opened a 33,000-square-foot grocery and drug store in the Chinatown area.

Crowds flocked to the store for lower food costs, substantially cheaper pharmaceuticals, and even ethnic offerings. But labor leaders immediately started protesting against the store for refusing to unionize, even though 100 Walmart employees refused to sign union cards.

During the November 2014 Black Friday protests in downtown Los Angeles led by the union-funded Movement Generation’s Justice and Ecology Project, thousands of protestors were bused in to protest against Walmart destroying downtown, even though the company only had the one store in Chinatown.

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