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

To: TimF who wrote (886253)9/9/2015 9:46:20 AM
From: Metacomet  Read Replies (1) | Respond to of 1576822
 
..and any chestnut that paying people enough to buy the products they produce or sell is poppycock, as Henry Ford learned long ago

..survival wages are of course plowed into savings and are a drag on the economy



To: TimF who wrote (886253)9/9/2015 9:58:05 AM
From: Wharf Rat  Read Replies (1) | Respond to of 1576822
 
"If you raise the cost of employing people, it puts downward pressure on wages and/or employment. "

LOL. It doesn't. That's the difference between theory and the real world. In theory, Calif lost jobs when we raised the MW in 7/14. In the real world, we've been leading the country in jobs created. Why? Cuz economics ain't rocket science? No, cuz economics ain't science at all.


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