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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (463385)3/12/2009 8:08:31 PM
From: i-node1 Recommendation  Read Replies (1) of 1578127
 
I dunno, you keep promoting the wacky idea that employers just hire people for no real reason other than they are cheap. Even if they don't have enough business to justify more employees.

As one who has been an employer off and on for the last 30 years I can tell you that the cost of hiring a person weighs heavily on when you do (and do not) do it.

You'll make do with less labor if it costs more to hire it. If it costs less, you'll be more flexible. If you can get by pushing existing employees a little harder, you will push harder for a longer period of time if it costs more to hire someone than if it costs less.

Granted, employers try to contain their costs associated with employees. And expensive labor means they need more justification for hiring new people. But no business hires people just for the heck of it.

No, nobody does. But when demand starts to pick up, you'll wait longer before hiring someone.

The big problem during the Great Depression was not expensive labor. Or a shortage of goods. It was a lack of demand.

A lack of demand created by the fact that people were out of work. Duh.

Cheap labor doesn't solve that problem. It makes it worse.

Once again, I refer you to Morgenthau's on remarks in '38, when it became obvious that the policy of trying to spend our way out of the Depression was NOT working. It simply did not work.

It is bizarre to me that you're making this case as the data clearly support the position that the New Deal exacerbated, NOT helped end, the Great Depression.
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