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

To: Road Walker who wrote (733994)8/21/2013 7:10:48 PM
From: i-node1 Recommendation

Recommended By
joseffy

  Read Replies (2) | Respond to of 1576912
 
Nevermind my last post. I get it now.

The idea is that wages would just rise without corresponding price increases.

Sort of like if there were not capital markets that require a particular rate of return in order to promote formation of risk capital?

And as though those markets wouldn't react to increased expenses by insisting on increased revenue?



To: Road Walker who wrote (733994)9/14/2013 11:27:51 AM
From: combjelly  Read Replies (1) | Respond to of 1576912
 
Only to a limited extent. This is the whole "welfare Cadillac" lie that Reagan peddled. I do agree that cutting workers out of the increases in productivity is detrimental to the economy. But, you really cannot reason with sociopaths, all they can see is their own desires and screw everyone else.

As to profitability, that would be, at worst, temporary. A robust economy is great for profits.


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