martybegan
Diamond Member
- Apr 5, 2010
- 83,317
- 34,455
your point?that is up to them; but, they may have to compete, with Henry Ford imitators.yes, it is in any mixed market economy.A $15 minimum would increase inflation, and any gap between the wage increase and the inflation increase would be temporary at best.
It's like you think economics is some magic show instead of an actual process of inputs and outputs.
increasing the cost of labor means capital must seek gains from efficiency.
or they raise prices, which is made easier by people making more money, but doesn't lead to an increase in buying POWER.
The current "Henry Ford" concept IS automation..
the left already has an answer to the right wing, canard, of unemployment.
and what is that? Pay people to do nothing?