Posted by Delhommey
on 05 September 2014 - 04:45 PM
I read that the Big Mac meal would go up into the mid $7's instead of the mid $5's. Not exactly 10 cents and also means that many folks would consider other options for lunch. Fast food would change quite a bit. Oh, and guess which consumers these price changes would hurt?
What did you read so we can go and burn it to further prevent the degradation of the understanding of basic economics?
Posted by Delhommey
on 05 September 2014 - 04:07 PM
It is the oldest reality in the book. If wages get too high, then business owners can financially find it feasible to purchase "machines" to replace people. All the $15 an hour demands for burger flippers should keep this in mind. These jobs were traditionally "starter" jobs anyway. Real problem is that people used to making more in other jobs that don't exist anymore, want to make as much at starter jobs. Our economy still sucks. People at the top still making tons, but you know, they give to campaigns and such.
No worries though, these fast food picketing folks can draw unemployment soon and if that doesn't work, we will sign em up on disability, but at least they are carrying the union water and getting some attention before an election. Pawns, purely pawns.
Defenders of slavery argued that the sudden end to the slave economy would have had a profound and killing economic impact in the South where reliance on slave labor was the foundation of their economy. The cotton economy would collapse. The tobacco crop would dry in the fields. Rice would cease being profitable
Defenders of slavery argued that if all the slaves were freed, there would be widespread unemployment and chaos. This would lead to uprisings, bloodshed, and anarchy. They pointed to the mob's "rule of terror" during the French Revolution and argued for the continuation of the status quo, which was providing for affluence and stability for the slaveholding class and for all free people who enjoyed the bounty of the slave society.
FERGUSON, Mo. -- County police in riot gear and armored tanks gave way to state troopers walking side-by-side with thousands of protesters as the St. Louis suburb where an unarmed black teen was shot by a city police officeroverwhelmingly avoided violence Thursday after nearly a week of unrest and mounting public tension.