danielpalos
Diamond Member
- Jan 24, 2015
- 73,961
- 5,055
Only lousy capitalists, say that. Good capitalists make like Henry Ford, and double wages to achieve gains from productivity.The dollar menu will not double; unlike labor's pay. That is what will happen. Did you not read US history and how good capitalists can double wages and achieve gains from efficiency? Henry Ford was your capital, "pathfinder".Capitalism has a natural rate of unemployment; not enough, corporate raiding in it for you?$15 minimum wage will reduce the number of jobs, and put more people on unemployment and welfare.A fifteen dollar an hour minimum wage, instead of a wall, to prove we don't hate the poor!
In any case, short run changes are expected; in the long run, more money being circulated means more demand which means more labor will be required.
And,
a fifteen dollar an hour minimum wage competes favorably with the cost of social services.
you just don't get it. If McDonalds had to raise its pay to $15, what do you think would happen? They would have three choices: 1 raise prices, 2 hire fewer workers, 3 close their doors.
If they raise prices their sales go down and they don't need as many workers
If they hire fewer workers, or automate more there are fewer jobs
if they shut the doors there are no jobs
You libs just never think these things through.
wrong, they either raise their prices, reduce the number of employees, or go out of business. There are no other options.
the "gains from efficiency" occur when humans are replaced by machines. In case you don't know it, machines are not paid an hourly wage.
Good Capitalists do.
Capital slackers don't, and complain about it.