This_person
Well-Known Member
You're making a bunch of suppositions as though business owners all did the exact same thing in response. Labor costs are not 100% of product costs. In food service it's something like 1/3, tops. Most is lower and the majority of wages are tips.
I would constantly take objection to objections of working people making more just as I will object to this quaint notion of 'market' driven.
We are a ####ed up culture. We celebrate some mean ass MF'er who makes billions as being a success no matter how much monopoly power and gummint help or lying or cheating or stealing he did. He's a winner! And #### over even the suggestion of some schulmp making $1.5 an hour more.
The supposition is based on the principle, which is how it works. When Ford started paying more, everyone else had to. There is a curve of wages, and when it gets skewed the outlier is rarely the one that is pulled back into line - everyone else readjusts.
I do not believe in monopolies as an end state. Liberalism had a monopoly on news, then came Fox, and Limbaugh gave his services away to radio stations, etc., etc. Left alone, the monopoly is removed by one means or another.
I don't object to anyone getting a good deal. I object when it is artificially forced upon others like this. The fact that the percentage of our population that is millionaire or above tells me that it is not some mean-ass MF'er that is the problem, because we're making 'em faster than we're making poor people.