
Originally Posted by
j2k4
As do all the ill-effects arising from that unfortunate fact.
Fact.
And yet the evidence from the UK and from the Link that vidcc supplied, appear to be at odds with your interpretation of Economic Theory.
You yourself have stated that you don't pay Minimum Wage, and therefore we can make an assumption that you may be a good employer.
However for every good employer there are bad employers... when people need Jobs they must take what they can get. These bad employers are the ones that are making the Gap between Rich and Poor wider and pressurising the Good Employers to pay as little as possible so they can still compete.
They are therefore the ones that are slowly destroying the American Dream that you cherish.
The way around this is to increase the minimum wage, in line with inflation. That way, the competition faces exactly the same rise in costs as yourself. More money is also being spent in the economy, instead of being hoarded by a small number of people, increasing the actual trade.
People can afford small treats, such as going to a Restaurant occasionally or buying little luxuries now and again.
It increases the "Feel Good" factor, increases consumer confidence, so they are more willing to risk borrowing and splashing out.
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