To: expat_panama
Why not offer them a higher wage? Businesses understand that the way to a mans head, if not his heart, is through his paycheck.
Huh? ...from a business media "news" outlet? Amazing. The writer has never run a business! It isn't about more pay for the workers, it is about enough profit to stay in business! Add regulations to small business (that hires 70% of workers) that cut into that profit margin, and you cannot afford to increase pay or you lose the margin and your business. I cannot believe a "reputable?" media outlet made this statement. It is a front for mandatory increase of minimum wage...presently destroying jobs. Probably the most uninformed statement in the financial media this week.
49 posted on
06/17/2016 5:18:19 AM PDT by
ThePatriotsFlag
( Anything FREELY-GIVEN by the government was TAKEN from someone else.)
To: ThePatriotsFlag
...isn't about more pay for the workers, it is about enough profit to stay in business! Add regulations...This is exactly what the writer was saying but the original article may have explained it much better than the 300-word excerpt above. His point is that:
- The unemployment rate really is in fact 4.7%--
- --and that means nothing because the % recently jobless devided by the workforce means nothing--
- --if participation is low as folks don't apply for record levels of job openings--
- --because of the low wages business are forced pay because of the left's war on business.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson