SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (883774)8/31/2015 7:08:52 PM
From: tejek  Read Replies (1) of 1577025
 
Keynesian policies don't make any sense a lot of the time. Here's another example. What's the best way according to Keynesians to lift consumption? Why, life the minimum wage. So that's exactly what Wal-mart did. And here are the consequences. They were facing an extra billion in wages and decided to cut hours to offset the wage increases. At the end of the day, prices and wages should be set by supply and demand, not through some artificial price control mechanism. Price controls simply lead to a misallocation of capital.

You ignore the fact that Walmart has had several quarters of missing revenue and profit projections. It could well be that there are other more serious problems with the company but of course the savior of the 99%.......YOU.......thinks the workers are the problem and are getting paid too much.

GTH MM. YOU TOO, DAVE.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News