Quote:
Originally Posted by iggy_oi
So if no one can afford anything businesses will raise their costs indefinitely to maintain their profits? And you think that will work? In your view there is no possibility of them reducing the prices of their goods and services to keep their business afloat? Because if I look around currently, a lot of things are a lot cheaper now than they were in boom times.
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You're right about a lot of things being cheaper now than they were in boom times but those deceases have come at a great cost to employees. Employers are having to reduce their staffing levels by either reducing hours or through layoffs. Then there are businesses that have closed shop. It's no wonder we have the highest unemplyoment rates in the country.
Increased taxes and further minimum wage increases will only make things worse and not better.