Posted on 05/01/2015 6:47:58 AM PDT by SeekAndFind
Under Austrian economic theory, a person’s “profit” is the difference between what he’s receiving and what he would receive in his next best alternative. This parallels the definition of profit for a business: the difference between what a business receives in sales, and what the resources consumed by that business in producing sales would bring in their next best alternative.
Like I said, essentially the same.
TPTB ?
They appeared shocked for a few seconds and then protested that while, yes, they were doing very well, they certainly weren't part of the nefarious one percent. I just chuckled.
The Powers That Be
He is kidding himself. An impossible minimum wage is just the first problem. In turn it will significantly increase local inflation for just about everything.
And then, the city council and/or the state government will strike again. It doesn’t really matter how, or how much, because even *marginal* stress at this point will end his business.
So his best bet is to gather his employees together and plan a group move for everyone who wants to come with. If the employees are single, they might agree to share an accommodation near the new location.
They might be a lot of help scouting a new location, then moving all the inventory there.
He employs very few people and it will cost him $80,000 more a year just going from $12.25 to $15.
Now imagine the costs for other business’s with many more employees and a lower wage level.
Stupid voters and politicians. Destroying jobs just so the unions can get more money for their members and the politicians more bribes.
#15 San Francisco will be like Baltimore one day.
#51 Stuart probably burned down the comic book store for the insurance money. : )
“Eighty-thousand a year! I didn’t know that.”
If you were using Common Core math, you still wouldn’t!
And that after this is accomplished, and the brave new world begins When all men are paid for existing and no man must pay for his sins, As surely as Water will wet us, as surely as Fire will burn, The Gods of the Copybook Headings with terror and slaughter return!
Maybe the most frightening part - Kipling warned that this "...terror and slaughter returns!" when 'the brave NEW WORLD begins."
But, instead of heading the signs and trying to turn back from the brink of the 'brave NEW WORLD", they are using it as a blueprint to bring the 'terror and slaughter' upon as - and it is reigning down upon us as we speak.
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