Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (206430)	10/14/2004 12:44:50 AM
From: SilentZ	Respond to of 1574380

>While there is a sort of logical appeal to this argument, I don't believe there has ever been a study that showed this to be true. If only the purest of market forces are in effect, it's the theoretical case, but we all know that there are other forces at work. -Z

To: combjelly who wrote (206430)	10/14/2004 1:08:35 AM
From: Joe NYC	Read Replies (2) \| Respond to of 1574380

combjelly, Let me give you a simple, hypothetical example. You have a company that provides a service, for which there is some market price. The company hires people to work to provide this service, and they work on commission. Some end up making $15/hr, some make $10/hr, some make $7.50/hr, some make $5,00/hr. The company has to subsidize the ones who fall under $5.15, and if they don't improve, they get fired. Now raise it to $7.00, and you have destroyed the job of a number of people. The end result is people who were gainfully employed are not gainfully employed any more, the wealth in form of service they provided is no longer created. On top of that, these newly fired people become a liability for the state in some form, and you have increased government spending, which results in higher taxes and more job losses. Joe