Quote:
Originally Posted by POS
Of course lower wages mean more jobs; as a business owner, I can afford more people if I can pay them less while still getting a quality employee. Keep in mind, that if I pay a great employee too little, he'll quit for greener pastures. Wow! Economics 101! Free market society! Damn you!
I guess the rant of the article is - damn you, Texas, for giving people jobs who earn less than the national average so you can reduce unemployment (especially, damn you again, for doing this during a monsterous recession with record unemployment). We should have taken a lesson from California or NY where we can overpay employees and have higher unemployment. Now that would be worth it!
Forget that it's hard to make a business more productive with fewer employees. I know; been there, done that. Also forget that during the economic upswing of 2002-2008, I was paying way too much for bad employees because low unemployment meant that the only ones left available for hire were the idiots. Now the tide has turned; because of the unemployement, I can now hire better employees for less money which means that my business will do better and perhaps I can grow enough to hire new quality employees. It's currently an "employer's market". But it won't last this way forever.
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That's exactly why capitalism will never resolve the problems of class conflict without one class dominating the other.
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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13
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