EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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1) human nature is such that $15/hr at McDonalds will mean that many McDonald's workers will not aspire to more and will have instead learned that you get ahead with the help of govt coercion.
2) a business always faces a choice between labor and capital: do I dig a ditch using 15 guys with shovels or one guy with a huge earth mover, or, do I hire a person to say, "Welcome to McDonalds, may I take your order" or do I use a touch screen. $15/hour pushes McDonalds toward the touch screen and customers toward eating at home. No net benefit is possible.
This is called the law of supply and demand. When price goes up people buy less not more. This is why Rolls Royce sells fewer cars than Ford.
Simple enough for a child to grasp but not an adult liberal.
2) a business always faces a choice between labor and capital: do I dig a ditch using 15 guys with shovels or one guy with a huge earth mover, or, do I hire a person to say, "Welcome to McDonalds, may I take your order" or do I use a touch screen. $15/hour pushes McDonalds toward the touch screen and customers toward eating at home. No net benefit is possible.
This is called the law of supply and demand. When price goes up people buy less not more. This is why Rolls Royce sells fewer cars than Ford.
Simple enough for a child to grasp but not an adult liberal.
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