P@triot
Diamond Member
- Thread starter
- #581
I've done it a thousand times already chief. You're inability to either accept basic economics or understand basic economics doesn't change reality.Yeah - and the 80 years of data proves exactly what I said genius.Absurdly high? Compared to when? Does MW today buy as much as in the past?
We're clearly dealing with a real Mensa candidate here (insert face palm). Do you know why the value of a dollar continues to decrease? Because the idiots, like you, who keep insisting a hike in minimum wage. Every time you increase labor costs on a business, they have to make that up. Which means the prices for goods and services increases. Which means the minimum wage worker is no further ahead after the increase than they were before the increase.
This is basic economics genius.
It's not basic economics at all. We have 80 years of data to compare your theory to and it fails. Your claims are ridiculous.
Post it up professor.
Liberals believe that everything happens in a vacuum. When you raise the price of minimum wage, that's all that happens and utopia is created. Unfortunately, people who live in reality understand that every action creates a shockwave of actions that reverberates throughout. When labor costs go up, the person who pays those costs must cover those costs. There are a few ways to do that. One is to eliminate the labor (which is why left-wing policy always ends with higher unemployment). Another way is to eliminate hours so that although the per hour rate is higher, the actual salary paid out remains the same (which is why left-wing policy always ends with lower hours). And finally, the business can raise the prices of their products and services (leaving the minimum wage employee no further ahead than they were before the increase to minimum wage).