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This is What Pisses Me Off About The Democrats
#16
RE: This is What Pisses Me Off About The Democrats
(April 30, 2014 at 5:41 pm)Statler Waldorf Wrote: Faced with a higher minimum wage employers will only reduce hours, cut positions, or raise prices. It is very basic economics but the real goal by those on the left here is simply to buy votes. We’d all be better off if we just allowed the market to determine the minimum wage and not the federal government.





Let an MBA educate you on how business works.

If you lay off workers for any reason other than lack of demand for your products or services, you are cutting off your nose to spite your face. If you cut positions or reduce hours, your customer service will suffer and your production will be reduced. Your disgruntled customers will leave you and go do business with an owner what wasn't so dumb.

On the other hand, if you raise prices, the business owner that didn't will steal all your business. You don't control prices. The market does by supply and demand. You can't just raise price because you want to make more money.

That's why there's no correlation between a minimum wage increase and either inflation or unemployment.

And as long as I'm schooling you...

The only reason that businesses can get away with paying as little as they do is because the workers go on food stamps to stay alive. The government is subsidizing the labor costs of certain businesses. If we won't raise the minimum wage, we should at least bill all corporations who's employees are on food stamps so that they reimburse the tax payers for the cost of the food stamps plus administrative fees.
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RE: This is What Pisses Me Off About The Democrats - by DeistPaladin - April 30, 2014 at 7:05 pm

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