To: Toddsterpatriot
Heard of the trickle down therory of economics. There is a also a trickle up therory. If wages go up in say auto making it will drive wags up for others to compete for the best workers. A rising tide lifts all boats.
39 posted on
11/23/2005 11:46:13 AM PST by
TXBSAFH
("I would rather be a free man in my grave then living as a puppet or a slave." - Jimmy Cliff)
To: TXBSAFH
If wages go up in say auto making it will drive wags up for others to compete for the best workers.Which is more beneficial to a worker, a raise of $1000 or $1000 in lower prices?
43 posted on
11/23/2005 12:10:08 PM PST by
Toddsterpatriot
(The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
To: TXBSAFH
Trickle Up theory??? You're kidding, aren't you.
You forgot one VERY important point. If wages go up, so do the prices of the manufactured products. Everyone loses. And your so called "boat" sinks.
70 posted on
11/23/2005 2:56:18 PM PST by
GeorgeW23225
("Grow your own dope. Plant a liberal")
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