posted on Jun, 8 2012 @ 05:57 AM
Its funny how when resources get more expensive, it is passed on to the customers without a hush. But when works gets more expensive, OoO then it will
destroy sooo many job. Like somebody who owns a buisness is going to do honest work if his buisness earns him just 250.000 after taxes and overhead
instead of 300.000.
How will this affect the economy? It might drive up inflation somewhat and boost consumption a little. It will benefit the people who work for minimum
wage and negatively affect the people who own a lot of money and assets or have debt outstanding they need to receive. Even with this increase it will
not catch up to the inflation of the past 10 years.
Wages especially minium wage need to be corrected for inflation more quickly. Inflation ALREADY HAPPENED since minimum wage was increased the last
time. People who do not make enough to safe have no reason to fear inflation, if it is driven by increased salaries that is as opposed by increased
cost for resources.
Originally posted by Submarines
It is going to cause me to lay off employees. I can't keep raising prices to compete, so customer service will suffer.
Idiots that don't own or run a small business don't seem understand how things work.
Most buisnesses arent as charitable as you and already employ only the bare minimum of hands they need to conduct buisness, so laying off people is
not an option for them, or at least laying off a signifcant ammount of people. We shall see if they prefer to close shop over paying out a higher
edit on 8-6-2012 by Cassius666 because: (no reason given)
Originally posted by mytheroy
reply to post by Submarines
Actually you could do that, and not increase your prices...It's when greed is in your eyes would you up the prices on goods.
I want to open a business and I would take a cut out of my own money to make sure my employees had a job and were taken care of. It's called taking
care of who takes care of you
Employees are the very backbone of any business no workers no business right? Unless your going to do it yourself but that's why you have workers so
you don't have to.
Sadly its a race to the bottom, where you gotta be the first to be as cheap as possible legally. Else you will just be more expensive than everybody
else. People like to bash Apple and the like, but what they do in China is not illegal. Sure they could take better care of their workers and enforce
better conditions in the corporations that supply them and still turn a very very good profit, but then some other stock would be hot.
What needs to happen is that workers abroad obtain the same rights and legal protections as workers in Europe and America. Some people will have you
believe that state intervention is zhe evil, but it is the only protection people who are basically easily replaced have. The ones who lose are those
who make a ton of money instead of a $hitton of money. There were rich enterpreneurs before cheap work in Asia came online.
edit on 8-6-2012
by Cassius666 because: (no reason given)