that people who have no jobs have no disposable income. and that when you increase the cost of labor, all that you do is lower the demand for labor, meaning that there are fewer jobs and more people get fired.
price floors always produce scarcity.
No, there would be MORE jobs because of the increase in sales, and thereby, increased income with more money to hire more workers, and the whole thing spirals upward.
No, there would be MORE jobs because of the increase in sales, and thereby, increased income with more money to hire more workers, and the whole thing spirals upward.
Revenue is all what we are after, sadly some just want to punish the rich because they are have more money than they do.
No, they would have been employed at higher wages, making it possible for them to go to the stores and buy things, stimulating the economy. Also, not only would they have been able to buy things, but so would the many more people who would have been employed, as a result of the added income to the businesses from increased sales, creating increased hiring, and more employment.
would you vote for Herman Cain if he made it to the presidential election?
Absolutely.
If Ron Paul doesn't make it, Herman Cain is my next choice.
If Ron Paul does win, Herman cain should be his running mate.
THEN our country will be on the road to RECOVERY!!!!!!!
Absolutely.
If Ron Paul doesn't make it, Herman Cain is my next choice.
If Ron Paul does win, Herman cain should be his running mate.
THEN our country will be on the road to RECOVERY!!!!!!!
You mean on the road back to the "50's"!
Cain is a well-meaning, seemingly honorable old guy. Nonetheless, he's a side-show. I congratulate him, however, for having gained so much notoriety, so fast.
I don't think that's entirely true, there is still a lot of time to go and many many debates.
In the '50s, the US was able to build the interstate highway system and help to rebuild both our allies and former enemies, while paying down the wartime debt.
So, what's wrong with the '50s again?
In the '60s, the US landed a man on the moon and fought the most divisive war since the civil war, passed civil rights, and remained the world's foremost creditor nation.
Other than said war, the '60s weren't so bad, either.
The '70s saw economic turmoil caused by OPEC, and gas prices that went up by a factor of 6 or so. Still, we didn't incur a huge debt, and remained a creditor nation.
So, what was so bad about that?
It seems to me that the downhill plunge of this nation started about 30 years ago, and has been accelerating since. Maybe I'm just old and cynical, but it looks to me as if things are getting worse.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?