You are viewing a single comment's thread from:RE: Walmart Raises Minimium Wage to $11View the full contextView the direct parentsmidge-tv (-2)(1)in #discussion • 7 years ago there is also something called inflation , dollar is losing its value and you have to adjust wages
the unregulated free market is the perfect mechanism for price discovery. It is the only mechanism for it.
It's all logical and everything.
No social engineering required..
I don't understand what you mean.
In relation to....?
leave the company..
The bad companies will go to to the wall, in favor of good companies that don't abuse employees, and value their staff.
Free markets ensure equilibrium is maintained..
I haven't lived in the Uk for 3 decades - most of time in se asia.
I have open 3 business's abroad in that time.
I'm not exceptional, but thank you.
minimum wage was put in place to remove resources from the more intelligent to the less, and thus reducing the quality of a society overall and allowing marxism to take a hold..
I have yet to see a free market system in my life time- anywhere in the world I have traveled to anyway.
Where does this 'free market system' you talk about, exist, please?
And when deflation happens then by your standards, wages should be cut back?.
https://en.m.wikipedia.org/wiki/Deflation#Historical_examples_of_credit_deflation
Then we are at an impasse of perspectives