Mayor Richard Daley vetoed an ordinance Monday that would have required mega-retailers to pay their workers more than other employers after some of the nation's largest stores including Wal-Mart Stores warned that the measure would keep them from opening their doors within the city's limits.
This is one of the smartest things that Daley has even done; though to be honest, the list isn't very long. Unfortunately, it may very well cost the mayor his re-election bid if this becomes a campaign issue next year.
I certainly hope that is not the case. While I have no love for Daley, the alternatives are much, much worse and losing an election for making the correct decision is not a precedent I would like to see set in my backyard.
HatTip: Greg Mankiw
More thoughts at Cafe Hayek - including some quotes from alderman that have changed their minds on the ordinance.