Quote:
Originally Posted by TheSquealer
Where do waged come from? The sky? Unicorn tears? They come from the sale of goods and services. Higher wages, means higher production costs of goods and services. Pay people more but make everything more expensive isn't a great policy for what should be obvious reasons. Discretionary income doesn't increase when the cost of everything increases with it.
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I didn't take a keen interest in the details as I'm in the 'what a dick he is' category, but weren't the wages increases from cutting his own $1m down to 70k? Not sure how many employees there were/are and some went from eg 45k to 70k, but I thought that was how he financed the initial increase, rather than consumer cost (for now).
If you just mean in general, ignore this post
