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To: MarvinStinson
I post some variation of this on every thread where economic or financial issues that relate directly to Americans are discussed:

1. In any financial transaction, buyers will seek the lowest price possible. At the same time, sellers will look for the highest price possible.

2. An employment arrangement involves a "buyer" (the employer) and a "seller" (a worker).

3. One of the simple realities of an economy is that a worker will usually demand far more for his/her services than he/she would ever pay another worker for the same services.

Point #3 underlies almost every policy decision that is made by a government in a modern, advanced country like ours where labor costs are extremely high. It also underlies almost every business decision that is made by employers in this country, too. Automation is a natural response to a business climate where labor costs for one or more routine functions that can be replicated by a machine have gotten too high to make it practical to use human labor anymore.

33 posted on 03/19/2016 7:32:15 AM PDT by Alberta's Child ("Sometimes I feel like I've been tied to the whipping post.")
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To: Alberta's Child
In any financial transaction, buyers will seek the lowest price possible.

No they don't. Quality matters.

35 posted on 03/19/2016 7:34:43 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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