View Single Post
  #4  
Old 09-14-2011, 08:24 PM
kerry kerry is offline
Registered User
 
Join Date: Jan 2002
Posts: 18,350
Quote:
Originally Posted by POS View Post
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.
That's exactly why capitalism will never resolve the problems of class conflict without one class dominating the other.
__________________
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
Reply With Quote