View Single Post
Old
04-29-2013, 06:55 PM
  #437
Sir Psycho T
More Cowbell!
 
Sir Psycho T's Avatar
 
Join Date: Oct 2008
Location: Redwood City, CA
Posts: 3,632
vCash: 500
Quote:
Originally Posted by madgoat33 View Post
if you pay people more the price of goods goes up and negates at least part of the pay increase anyway. and when you start paying people in manufacturing industries more it starts to marginalize entire industries in a country. textiles, steel, auto, etc...
Paying people more barely raises the price of goods, especially if they are smart with it.

I worked at McDonalds when I was in high school, any one of them could easily give all of their employees a $2 raise and not have to raise any price because their food cost overheard was next to nothing.

Sir Psycho T is offline