The Briefing Room

General Category => Economy/Business => Topic started by: Rapunzel on January 05, 2014, 10:04:59 pm

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

(http://thelookingspoon.com/images/blog/2014/walmart_15_hour_would_end_business.jpg)
Title: Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
Post by: Oceander 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...

(http://thelookingspoon.com/images/blog/2014/walmart_15_hour_would_end_business.jpg)

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.
Title: Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
Post by: 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.
Title: Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
Post by: Oceander 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.
Title: Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
Post by: massadvj 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...
Title: Re: Every socialist liberal who believes a "living wage" wont destroy the economy NEEDS to see this...
Post by: Oceander 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.