A key point of economics that many people miss. Its the point behind calls for higher minimum wage, extended unemployment, increasing access to food stamps, etc... If a business has the customers and the customers have money to spend. They have no choice but to hire more employees, even at higher wages. Those newly employed persons now have money to spend. Its an upward spiral rather than the downward spiralof cuts. Curing is the bastion of sorry sighted people who dont understand economics. Hint: SUPPLY SIDE DOES NOT WORK!!!!!
Posted on: Tue, 15 Oct 2013 02:05:54 +0000
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