The ROOT CAUSE of our economic woes including business leaving our shores is the FEDERAL GOVERNMENT (minimum wage, regulations, unions, and taxes) of businesses moving elsewhere. Federal government is the problem NOT the solution. Tariffs are MORE federal government and do NOTHING to attack the ROOT CAUSES of the loss of jobs in our country.
A tariff is a tax and China and Mexico don’t pay the tax, WE, THE AMERICAN CONSUMER PAY the tax in the form of forced higher prices. TARIFFS, LIKE INCOMES TAX AND INFLATION, DIRECTLY LOWER OUR STANDARD OF LIVING.
We're already paying higher prices for food because of the destruction of our industry. Food is one of the few things we export in huge amounts. Our ability to trade debt for our trade deficits is declining and we're paying more and more in raw materials which drives up prices for US firms even more.
Question: What do you call a nation that exports food and raw materials in exchange for finished goods? Answer: A poor 3ed world nation.
He’s correct.
Hello Puerto Rico!
“Puerto Rico’s crisis illustrates the risks of minimum wage hikes”
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“How US wage laws helped sink Puerto Rico’s economy”
http://nypost.com/2015/07/11/how-us-wage-laws-helped-sink-puerto-ricos-economy/
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“Puerto Rico’s Pain Is Tied to U.S. Wages
Economists say island’s use of the mainland’s minimum pay helps crimp its economy”
http://www.wsj.com/articles/puerto-ricos-wages-are-no-benefit-to-its-economy-1435787367
But wait!
The CEO was supposed to reduce his income to $50K/yr and distribute the balance to burger flippers......
It is a move to improve Carl's food quality, which sucks. He is just using the minimum wage as an excuse.
If there is no money to circulate, jobs are lost. How much money does this guy make a year and how much has he stashed away in off shore accounts.
What a scumbag.
Of corse Donkeycare has no effect on hiring, hours worked and wages.
This would have happened if there was no minimum wage. AUtomation is coming and none of you should think you are immune. Within our lifetime we will see jobs like taxi drivers, commercial truck drivers, airline pilots (not a low skill job) and many other jobs become droned and automated.
Why isn’t this just one sentance click bait like all other IBDeditorial click baits?
“A tariff is a tax and China and Mexico don’t pay the tax, WE, THE AMERICAN CONSUMER PAY the tax”
Then don’t buy stuff made there if your highest personal value is avoiding taxes. Problem solved.
So it looks like Carls Jr. is going to save billions on labor. I can’t wait until they cut all the prices and pass along those big saving to the consumers.
I noticed a lot of comic slaps at the coin machinery culture. Everything, including the mirrors in the restroom required coins to access and there was a automated tip box on the wall of a coin operated food dispenser. Loved the interludes and remembered the days when restrooms had the coin locks on them....
Wendy’s announced they were making the move in their corporate stores and would leave it to franchise owners to decide themselves.
The left just keeps recycling the same bad ideas each time they get a new generation that hasn’t seen the fail.
Let me try to educate you. The USA from 1789 to 1913 had no income taxes with the temporary exception of 1863-65 in the North. The federal government was funded entirely on tariffs an other user fees. The USA became an economic super power house under that taxation system for 125 years until the disastrous 16th amendment came along. NOW YOU KNOW.
The benefits of protectionism:
-repatriation of industry
-general increase in economic activity
-decreasing or no trade deficits
-balanced Federal budgets
-higher levels of baseline employment
-less social stress
-less political will for socialism
-increased national security
-raising interest rate will not crater the economy
The Republican party was historically the protectionist party an IMO needs to return to its pro tariff roots.
Never been to either : Carl’s Jr. and Hardee’s for any reason.
You are correct but the E Trogs (Economic Troglodytes) insist tariffs cause jobs and are demanded by the ghosts of the founders
with a $15 minimum wage and $7.00, you can get a cup of coffee
Well, all I know is that if I go to McDonalds five times, they’ll screw up my order four. If a machine makes sure I’m getting the sausage biscuit with egg I ordered instead of a sausage biscuit I didn’t order, I say automate-up!
Ordering Fast Food Japanese Style! - HD
https://youtu.be/PldaAuGVbQ8