#Election Day Narcosis
23-Nov-94 01:55:56
Sb: #173568-#Election Day Narcosis
Fm: Don Curtis/SYSOP 76703,4321
To: Paul Idol 71024,3245
Paul,
Since when are wages "…such a gross problem."?
Work has a certain value….if you don't get paid that value…go get a
job that pays the value. If there are no jobs that pay appropriately, perhaps
your judgement of its value is too high.
Businesses are in business to make money….if business X has 1,000
workers and they can pay them $10/hr vs $11/hr…the costs of being in business
is $1,000/hr cheaper. That $1,000/hr can go towards increased profits (why
they are in business in the first place)…or lower prices to the consumer
(where the business may make less $ per part…but makes more parts..so overall
makes more $)….or a combination of both.
It's a two way street. If no one makes enough money…no one will be a
consumer of goods other than bare necessities…and businesses will fail. If
wages are too high,profits will be low, prices will be high and uncompetitive
with similar consumer products produced elsewhere (where wages are lower)…and
again…businesses will fail.
Any business that intends to stay in business strikes a balance between
wages, prices and profits. Sure…intended to maximize profits, but what's
wrong with that…that is why they are there in the first place.
Don