thereisnospoon
Gold Member
I find it remarkable I am wasting my time explaining this to a no mind such as yourself...Hater dupes think doubling pay for workers means doubling prices, but since payroll is only 20% of a business, it only raises prices by a fifth- while giving society healthy demand and happy workers. So dumb, chumps of greedy idiot billionaires...
The US is only a "welfare state" when Pubs wreck the economy, and society, AGAIN, as the always do. see sig.
In any event, the average labor cost is 30%.....Labor is also the largest percentage cost of operating a business. Labor is also the easiest cost to control...When a business looks to control costs, the first item that sees cuts is labor.
Full time labor will be replaced by part time labor. Part time labor will be replaced by temporary labor.
One way or another the cost will be born by the people this meddling was intended to help. It's a lose lose.