Econ4Every1
Active Member
- Aug 7, 2017
- 177
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Who drives wages down? The only real examples I know of today is the big company's like apple, they are in cahoots with others to keep IT wages low..living in South Carolina now I know no manufacturing company starting off paying less then $4 over minimum wage, even McDonald's here is starting people off $2 bucks over minimum wage.
I didn't mean to suggest that there is some nefarious plan by business owners to drive down wages. The fact is, any owner is going to pay as little as they can. That is their fiduciary responsibility to their company. This is the paradox I was speaking of.
It's not necessarily that there is an active conspiracy to drive wages down, but a lack of support to increase wages.
The reality is that spending=income. The less money spent the less income is earned and so on....
As a nation we can't save our way to prosperity, it's simply impossible.
As a nation we can't spend our way to prosperity, it's simply impossible.
We'll get there. One thing at a time...