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U.S. watchdog sues Japan's Seven & i over store acquisition in U.S.

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The U.S. Federal Trade Commission has sued Japanese firm Seven & i Holdings Co and its American subsidiary, alleging that the convenience store operator violated an order not to increase stores in certain areas in the United States without prior notice.

Too bad the FTC cannot intervene in the wage theft they use as as a business strategy, which is not rare in Japan Inc. and why labor participation is crashing.

https://japantoday.com/category/business/update1-seven-eleven-failed-to-pay-wage-portions-to-store-workers-for-years

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7-Eleven eventually sold the outlet, but the FTC said the act "does not moot" the company's violation of the consent order.

Actually, there is a split in the courts over whether this type of situation may fall under the doctrine. Methinks the agency decided to make a test case, against a business with the pockets large enough to afford to be able to take it all the way.

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The US Cash machine of suing is once again rearing its head again when in need of squeezing out additional funds for its own purposes.

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The US Cash machine of suing is once again rearing its head again when in need of squeezing out additional funds for its own purposes.

Please take a basic course in economics. To have the benefits of a competitive market there has to be competition. If firms are allowed to combine to the point where there are fewer than six firms with roughly equal market share in a given market, those firms begin to behave like monopolists, reducing output and increasing price try to achieve a price and output where marginal revenue equals marginal cost. Anti trust laws are designed to prevent excess market consolidation and promote competition and are based on sound economic principles. However a nation has to be willing to use those laws and that is what this case is about.

The US Government won't get any revenue from this but if it lowers consumer prices by enforcing competition it is beneficial to the nation.

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Too bad the FTC cannot intervene in the wage theft they use as as a business strategy, which is not rare in Japan Inc. and why labor participation is crashing.

1) The FTC does not intervene in wage disputes. Even if they had the authority, they don’t have jurisdiction. And even if it was in their jurisdiction, what is there to “intervene” in? According to the article you linked, Seven Eleven has since admitted their mistake and are currently trying to reimburse affected employees.

2) Seven Eleven’s wage is not the reason for Japan’s labor shortage.

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