You must think business owners are so stupid they can't figure what the bottom line will be after the minimum wage increases to $15/hr.
Leftwing douche bags depend on people being stupid.
Too ******* retarded.
The minimum wage doesn't reach $15 an hour until
2022 but Walmart closed their store in L.A. in
2016 though the minimum wage doesn't even begin increasing until 2017.
To rightards, that makes complete business sense.
In reality, all it shows is that you'll defend anything by the right and criticize anything by the left. That mentality suits idiots like you perfectly as you don't have to even think out your positions.
It's
really funny to hear you taking about not having to "think out your position" when you support completely absurd and unsustainable left-wing economic policies.
As I've already stated and you wisely avoided trying to dispute - a successful business man is successful because they don't eat cost. Therefore, one of three things occur:
1.) They cut back the hours significantly to reduce labor costs
2.) They eliminate labor costs completely through automation (so instead of a low wage job, thanks to liberals these people now have a no wage job)
3.) They raise prices to cover the labor costs. So now, a pair of socks at Walmart costs $60 per pair and the person making minimum wage is no further ahead.
Unfortunately, since liberals have zero concept of basic economics, their policies are built using views of a 5-year old. They don't understand that action do not occur in a vacuum and that businesses don't eat cost.
And lastly - walmart or any other company is not going to forgo profit or surrender market share simply to make a political statement. Again - because liberals have zero concept of basic business practices, they just don't comprehend that a business is not run based on what happens a decade ago. It's run based on a decade from now. It's run based on strategic planning and financial projections. It's run based on new regulations and laws and what they will cost and how they will impact the businesses financial statements. Sadly, these are matters for the educated while liberals forgo facts and reason in favor of ideology.
Here is the bottom line: even if we were to pretend for a moment that walmart closed their doors "to make a political statement" the results are
still the
same. Those low wage jobs are now
no wage jobs. Either way - liberal policy creates more unemployment, more failure, more poverty, and more misery.