Quote: (09-13-2013 05:16 PM)MikeCF Wrote:
If wages went up 10%, the economy would expand because the customer base would increase.
This is basic economics.
This is also verifiable by anyone who has owned a business.
Businessmen were actively involved in their communities because a better community is good for business.
If you run a jewelry store, bakery, or barber shop, the best thing that can happen to your business is for wages to increase.
When wages decrease, demand goes down.
Again, this is basic stuff to anyone who owns his own business.
Obamacare ain't got shit to do with what's happening.
Wages are in the shitter. People can't afford services.
If it weren't for the government stepping in, we would have unemployment similar to that seen in the Great Depression.
There'd be soup kitchens and massive poverty not seen since the Depression.
And that would have nothing to do with Obama.
And the govt. cannot artificially inflate wages, nor can they continue to spend money like a drunken sailor at port forever. We will soon have to pay for all of this wasteful spending and it will be VERY painful.