Quote:
Originally Posted by Schnauzer
Dont you guys understand, by raising the wages the businesses now have to fire people to meet the wage requirements, so that equals more unemployment
The companies don't pull money from a tree, they have to make it, and being forced to pay high wages and having the same money coming in from business = layoffs
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Businesses have been effective at maximizing profits and minimizing work force. Signs this is happening: few new jobs being created, yet the economy keeps ticking along. Real wages stagnate.