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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (497906)	7/24/2009 10:23:31 AM
From: bentway	2 Recommendations Read Replies (3) \| Respond to of 1583371

"If Henry Ford wanted to make the decision for HIS business to try to "trickle up" money, that's fine. His prerogative. Because Ford was willing to sacrifice his own business for his employees. A noble thing." "nobility" had nothing to do with it. Ford wasn't moving enough cars, because too few people could afford to buy them. Study some history, clown. Ford's employees all wanted to BUY one of the cars they made. For a consumer-based economy to succeed, the consumers need enough disposable income to buy things. OUR economy is 70% based on consumption.

To: i-node who wrote (497906)	7/24/2009 10:46:37 AM
From: Road Walker	1 Recommendation Read Replies (5) \| Respond to of 1583371

When you increase the price of labor, you decrease demand for that labor. In general the demand for labor is based on the demand for goods and services. Increasing disposable income increases demand for goods and service... and thus employment. From a cost of labor perspective that may have an impact at the margin but not nearly as much as impact of the increased spending power. Now it does hit the net profit percentages of labor intensive business and can marginally increase the inflation rate... the price you pay for a healthy economy and a healthier society. BTW argue the points without the personal insults or I won't respond again... which I'm sure would be OK with you.