Posted on 02/05/2005 8:27:15 AM PST by nypokerface
See #14. The idea was to reduce unemployment. But since the cost of labor was forced artificially higher, corporations can't afford to hire more people. They just keep the plants open for fewer hours, make less stuff, and get forced out of the world market because their goods are too expensive. The end result is higher unemployment.
You see the opposite in the US. If a business is unprofitable, it goes belly up and people are laid off. They then get jobs somewhere else, in businesses that are still making profits. Thus the weakest companies and lines of businesses disappear, and the stronger companies grow to take their places. The process is called "creative destruction," which is the opposite of the socialist ideal of "lifetime employment."
It's mean and tough and disagreeable to those who are fired, but in the long run it's healthier for the economy and the employment rates.
willie, willie, willie:
Just what do you think your 'salary' is? It's what your employer PAYS for your 'services'. You can trade 'benefits' for cash salary. You were whining that the Bush economy was somehow going to cheat you out of employer-paid benefits - if the benefit comes from what would otherwise be your salary - it isn't being 'paid' by the employer - he is just deducting the payment before he writes the check for your salary. Just like you really pay 15-some odd per cent SSI - only 7.5% is deducted from your check BEFORE you get it. Sheesh - you need someone to take one of your crayons and sketch this out for you.
It's kind of like how businesses never pay taxes, just consumers but I'm afraid that would only confuse you more. I suggest you get educated in economics and basic accounting before some guy from Nigeria trys to make you 'rich'.
How do these idiots make money?? Here in NYC where I live, you work 40 hours a week you`ll be in debt up to your azz in no time thanks to RINO Bloomberg taxing the living hell out of anything and everything that exists, but to work 35 hours or less is insane. How do these people make ends meet or even save money? Or are they making $200 bucks an hour or something?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.