When labor costs exceed a worker's productivity, the demand for that labor decreases. You get government-sanctioned unemployment. It is no more complicated than that.
Yes, the same government that claims to help the working man is in fact making it illegal for him to work below a certain wage, while encouraging him to go on welfare. Eventually the takers outnumber the makers, and the whole thing comes undone. That is where we are today.
"The government is good at one thing. It knows how to break your legs, and then hand you a crutch and say, "See? If it weren't for the government, you wouldn't be able to walk." – Harry Browne
When labor costs exceed a worker's productivity, the demand for that labor decreases. You get government-sanctioned unemployment. It is no more complicated than that.
ReplyDeleteYes, the same government that claims to help the working man is in fact making it illegal for him to work below a certain wage, while encouraging him to go on welfare. Eventually the takers outnumber the makers, and the whole thing comes undone. That is where we are today.
"The government is good at one thing. It knows how to break your legs, and then hand you a crutch and say, "See? If it weren't for the government, you wouldn't be able to walk." – Harry Browne
ReplyDelete