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Author Topic: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...  (Read 1222 times)

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Offline Rapunzel

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Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
« on: January 05, 2014, 10:04:59 pm »
http://thelookingspoon.com/conservative-education/5091-every-socialist-liberal-who-believes-a-living-wage-wont-destroy-the-economy-needs-to-see-this.html

   
Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...

    Published on Sunday, 05 January 2014 11:00

It's simple math people...

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�The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.� G Washington July 2, 1776

Oceander

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Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
« Reply #1 on: January 06, 2014, 03:26:32 am »
Quote from: Rapunzel on January 05, 2014, 10:04:59 pm
http://thelookingspoon.com/conservative-education/5091-every-socialist-liberal-who-believes-a-living-wage-wont-destroy-the-economy-needs-to-see-this.html

   
Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...

    Published on Sunday, 05 January 2014 11:00

It's simple math people...



Well, either Walmart would be out of business, or its prices would skyrocket, which would result in a drastic drop in customer numbers, which would result in a sharp reduction in the number of required employees, which would ... well, the smart folks - i.e., everyone other than a liberal or other left-wing parasite - can see where this is going.
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Offline 240B

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Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
« Reply #2 on: January 06, 2014, 03:43:39 am »
Basic economics. Lets say everyone makes $100,000 an hour. Demand skyrockets, prices skyrocket, currency is devalued. $100,000 becomes equivalent to $10.
 
In economics everything always balances. There is no free lunch. Hundreds of dictators have found this out the hard way.
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Oceander

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Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
« Reply #3 on: January 06, 2014, 03:48:29 am »
Quote from: 240B on January 06, 2014, 03:43:39 am
Basic economics. Lets say everyone makes $100,000 an hour. Demand skyrockets, prices skyrocket, currency is devalued. $100,000 becomes equivalent to $10.
 
In economics everything always balances. There is no free lunch. Hundreds of dictators have found this out the hard way.

I think Argentina - where gov't sets wages - is going through something like that right now.
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Offline massadvj

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Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
« Reply #4 on: January 06, 2014, 05:03:07 am »
Quote from: Oceander on January 06, 2014, 03:48:29 am
I think Argentina - where gov't sets wages - is going through something like that right now.

Argentina perpetually goes through this...
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Oceander

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Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
« Reply #5 on: January 07, 2014, 04:02:56 pm »
Quote from: massadvj on January 06, 2014, 05:03:07 am
Argentina perpetually goes through this...

So do unionized businesses.
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