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That's what my second point was alluding to - I should have been more clear: Since the premise is that the demand for Wal-Mart's products has fallen due to wor
by Helmet 10y ago
That's what my second point was alluding to - I should have been more clear:
Since the premise is that the demand for Wal-Mart's products has fallen due to worker unproductivity, their bet is that there will be a new demand curve altogether by increasing their productivity, one that is shifted to the "right" of the original one. The price of labor is counteracted by the new demand for it.
- kgwgk 10y agonine_k's remark was about the general effect of raising the minimum wage. You seem to be talking about Walmart deciding to pay more to their workers, a completely different issue.