On 2010-09-09, at 4:05 PM, Francis Drouillard wrote: > Ahh, class warfare, the last respite of the far left. > > When the price of something goes down demand for it will increase. It's basic > macroeconomics, something the fools in DC and their union hack enablers > repeatedly fail to recognize or acknowledge. --
Everything has an elasticity. McDonalds is not going to hire 10x more employees because they cost one tenth as much. They need a range of employees to operate. If the hourly rate goes down, it's more likely that businesses will hire more employees on a part-time basis, to reduce the number of benefits they'll be required to provide, while spending far less in wages overall. Being underemployed without benefits is worse than unemployment for many, despite being off welfare. -- Michael -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
