From Bloomberg:
"The other day, I noted in passing that it is arithmetically impossible, except in some bizarre situation with little bearing on the real world, to make money by paying your employees more and thus enabling them to afford your products."
Oh, yeah I love this. It's the one where progressives in justifying coercive action to increases minimum wages they argue it's good for business since people will have more money to spend.
Aside from the arrogance of know what's good for a business, it's a theory that may sound good but I fear is just not practical.
Read the rest in link.
"The other day, I noted in passing that it is arithmetically impossible, except in some bizarre situation with little bearing on the real world, to make money by paying your employees more and thus enabling them to afford your products."
Oh, yeah I love this. It's the one where progressives in justifying coercive action to increases minimum wages they argue it's good for business since people will have more money to spend.
Aside from the arrogance of know what's good for a business, it's a theory that may sound good but I fear is just not practical.
Read the rest in link.
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