A misconception socialists have is that companies are awash in profits: They think corporations barely pay a penny in cost and stash the rest in Swiss bank accounts. In fact, Facebook hasnt really generated large profits, at least recently: Investors who bought in at the initial public offering have taken a loss, in fact. Facebook provides a free service for a billion people, which costs money, and they most certainly dont have enough money to pay out wages to a billion people. I suppose the budding socialist economist who created this website probably supports the minimum wage as well.
Posted on: Wed, 15 Jan 2014 19:50:00 +0000
Trending Topics
Recently Viewed Topics
© 2015