Quote:
Originally Posted by Paul Markham
If the people who shopped at Walmart had higher wages, they would spend more and keep the stores open.
The root cause is too many people sharing a pot that stops them from buying anything other than the bare essentials. The solution is, fewer people all having a slightly bigger slice of the cake. Giving each a bit more to spend at places like Walmart, which ensures their profits.
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Paul, not everyone is going to have "higher wages". And no business is going to be successful paying unskilled labor high wages that they don't deserve.
I don't know why it's so hard for people to see how things work.
If I make $1 a day and it costs me 85 cents a day to live I am getting by. If they raise wages and now I make $2 a day, but since everything now costs more to create...it costs me $1.70 to live.
I gained NOTHING.
But the poorest people have just lost out. They suddenly have no access to low priced food and clothing and goods.
You keep raising minimum wage and what you get is stores closing and people being fired.
It's happening right now. And still people want to babble on about forcing businesses to overpay unskilled labor.