12-24-2016, 09:47 AM
(12-23-2016, 08:42 PM)Eric the Green Wrote: Studies that I have heard of say that higher minimum wages increase jobs, because when people are paid better, they buy more and thus create jobs for the businesses.
But the ideologues of the Right typically believe in ultra-cheap labor sweated brutally as the key to creating wealth -- their wealth,m the only wealth that matters. So it was with feudal lords, slave-owning planters, and workhouse 'governors'.
Economic modernity began when capitalists recognized that their employees needed incentives to not goldbrick, to become more sympathetic to customers, to be receptive to technological innovation, and to have more of a stake in quality.
Businesses need to put more emphasis on marketing -- getting people to like what it offered -- than upon producing stuff for which Americans are already sated.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.