Now, you might say "but they only had that food money because they got it from me and my tax dollars." This is true. Theoretically, we could have left that money in your pocket and you could have spent that money, resulting in similar economic activity. But there's diminishing returns to that. Someone making twice as much money doesn't buy twice as many movie tickets, or twice as many loaves of bread, twice as many cars, and twice as many televisions. Bill Gates has thousands of times my personal wealth, but he doesn't own thousands of more televisions!
Now, don't do what we both know you're about to do.
Last edited by Deuce; 11-12-14 at 10:38 AM.
One of you will end up here next!
Jobs that require 24/7 attendance will be a snag, but easier to overcome than massive structural unemployment.
I worked rotating shifts for a time, it wasn't pleasant, but it was required.....it was a nuclear power plant.
People who have to work weekends can be given time off during the week. Postal workers get a day off during the week
to compensate for working saturdays. A day off during the week is nice, you can go shopping without having to fight the traffic and crowds.
As for the needs of commerce, they probably said that when work weeks were far more than 40 hours.
Commerce can just adapt to the needs of society. Having lower unemployment is better over all.
Oracle of Utah
Truth rings hollow in empty heads.
I mean, if there is more wealth in fewer hands then businesses will follow the money. I recently told a story about a pair of orange women's sandals that cost $800. Were talking about a sole and two thin pieces of leather to hold them on you're feet.
Now it's not that $800 for a article of clothing that clearly isn't worth $800 that is my point, it's the fact that this was in a department store, not in NY city, or Rodeo drive in Beverly hills, but Lord and Taylor store in Richmond VA.
Now this is just one small out of context example, but if you look around there are lots of examples of everyday objects that serve very little additional function and cost much, much more. They are items that confer status.
I'm also reminded of the new building in NY city that overlooks central park. I think I read that some of the condos in this monstrosity are $65 million. If you haven't seen it....
I set it as a pic, but it's huge....
Anyway....The money is still here and businesses will cater to those that can pay and what's becoming increasingly apparent is there are fewer and fewer people that can afford to buy discretionary items to.
“It is difficult to get a man to understand something, when his salary (or faith) depends upon his not understanding it.”
Sales is what creates profits, not cutting operating expenses. Without sales, it's impossible for a company to make money. Without operating expenses, it's also impossible for a company to make money. So why would any business chose to cut operating expenses at the cost of a reduction sales?