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Banned
- Joined
- Mar 15, 2011
- Messages
- 690
- Reaction score
- 48
- Gender
- Male
- Political Leaning
- Slightly Liberal
that people who have no jobs have no disposable income. and that when you increase the cost of labor, all that you do is lower the demand for labor, meaning that there are fewer jobs and more people get fired.
price floors always produce scarcity.
No, there would be MORE jobs because of the increase in sales, and thereby, increased income with more money to hire more workers, and the whole thing spirals upward.