RE: If Americans Are Stupid Enough To Fall For This - They Deserve Whatever They Get.
April 4, 2014 at 10:31 am
(April 4, 2014 at 10:18 am)KUSA Wrote: If you raised the minimum wage to $15 an hour the price of everything would go through the roof the next day.
No, corporations that receive a government labor subsidy would have to raise prices. Businesses like mine would be unaffected and not have to raise prices. Therefore, Wal-Mart and other corps would no longer have an artificial government-subsidized competitive advantage.
Of course, Wal-Mart doesn't set prices. The markets do. It may be that they can't raise prices and remain competitive. In that case, executive salaries and bonuses may have to be cut or the Stockholders will just receive fewer dividends. Poor things but that's how the markets work.
And that's how it WOULD work if you had your dream of abolishing food stamps and letting poor people starve. Wal-Mart would lose it's ability to pay so low either way.
The only difference is your approach would create more suffering, crime and hunger.
Atheist Forums Hall of Shame:
"The trinity can be equated to having your cake and eating it too."
... -Lucent, trying to defend the Trinity concept
"(Yahweh's) actions are good because (Yahweh) is the ultimate standard of goodness. That’s not begging the question"
... -Statler Waldorf, Christian apologist
"The trinity can be equated to having your cake and eating it too."
... -Lucent, trying to defend the Trinity concept
"(Yahweh's) actions are good because (Yahweh) is the ultimate standard of goodness. That’s not begging the question"
... -Statler Waldorf, Christian apologist