Silly logical fallacy? Please... I don't mean to poke fun at you, but do you honestly believe this?? I keep talking about China because their policies are the exact ones you seem to be in admiration of in contrast to U.S. economic policies; which you were appreciative of a few weeks ago. You?re right, I don?t know what you think because you keep beating around the bush, and first you like U.S. policy, now you don?t? Economists like Friedman are responsible for the sculpted economy we have today, and believe me, it is much better than having stagnant politicians pumping out reserves to fund their own meaningless agendas.
Stretch, you seem very politically inclined, I hope one day you do decide to run for some political position; but do everyone a favor stay out of economic affairs. You?re illusionary answer only exemplify your lack of understanding of these concepts.
Increased employee wages play a huge part on company spending, they evaluate it in part by deciding how much profit each additional employee will add to the organization relative to the cost of the employee. How big of a pay boost can a company take for 10 thousand workers? 20 thousand? 50 thousand? Here?s a better idea? lets take business out of the country so we can pay less wages, now we don?t have to pay U.S. workers the exceptional fees to do menial tasks. Sound familiar? It should. I am anti union, why? Because when you hike up employee wages, that?s a few extra workers that won?t be feeding their families tonight. Companies aren?t in business to stay out of business and take a profit cut. Who is benefited from increased employee wages? If the company does take a profit cut, who does that hurt? Yes that's right, stock holders, you, me, and poor grandma Betty down the street.
Guess what, we have the highest per capita income in the world, damn Milton Friedman and increased business investment in the economy.
