Quote:
Originally Posted by crockett
Cost more because they can't use cheap labor and have to pay decent wages.
As far as the 20vs 1 argument.. what you are overlooking is those 20 buy more cars, more gas, more big macs than the one person. This is why power in numbers is superior to the one rich guy..
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20 people can't buy more cars if they can't afford them. 1 person can but a car because he can afford it. That's why there is no power in numbers sharing the same pot of money.
Yes, when companies are forced to pay higher wages the economy improves. Prices rise a little to a lot and still the economy thrives in the long run.
The extra wages have to be fueled by the private sector. The public sector has a habit of doing this with borrowed money that has to be repaid, or borrow more to repay the previous loan. Look at Greece for an extreme example of how it goes wrong.