Quote:
Originally Posted by Robbie
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.
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Businesses are closing because a large section of the population doesn't have enough disposable cash.
How many memberships has the bank crash cost you?
There comes a point where the money is so concentrated among so few, it hurts an economy.
The root problem is Population v GDP is going in the wrong direction with a tiny % getting all the growth. Fewer people lead to more sharing more. and spending more. A billionaire only needs 1 membership to jerk off, 1,000 millionaires need 1,000 memberships. Just an example of how money circulates.