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To: Wolfie

And a big piece of the puzzle, is that businesses can’t just raise prices to compensate for increased costs.

Theoretically, the liberals think McD and others can pay all their hired help $30,000 a year or more. But the liberals don’t think it through; that a Big Mac meal would go up in price to compensate. How many people are willing to pay $20 for a Big Mac meal???

Economic models show that as prices for goods and services rise, that demand will fall off. But if McD loses sales because of higher prices, where will the money come from to pay the $15 or more per hour wages???


9 posted on 12/01/2016 8:41:13 AM PST by Dilbert San Diego
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To: Dilbert San Diego

On the other hand, people without job don’t buy much of anything, sot it all balances out.


23 posted on 12/01/2016 9:09:08 AM PST by Wolfie
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To: Dilbert San Diego
We were shown in the 80s and 90s the result in manufacturing when wage demands get out of control. Who would have thought the same mechanization could hit the service sector? Liberals managed to even do that.
41 posted on 12/01/2016 11:14:52 AM PST by Sam Gamgee
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