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There's something wrong with the logic though right? I mean, imagine the Government offered everyone a job doing nothing for $100,000.00 a year. What would hap
by hackeraccount 5y ago
There's something wrong with the logic though right? I mean, imagine the Government offered everyone a job doing nothing for $100,000.00 a year. What would happen? Forget about inflation (imagine we import everything and the world never becomes tired of dollars).
Why would McDonald's raise wages to that amount? Why would anyone offer a job that earned the job creator less the 100,000? It seems like the most likely outcome would be that lower paying jobs would disappear not that they would suddenly start paying out more. Either that or the amount of productivity from those jobs would go above that 100,000 amount - which seems functionally the same as saying the jobs would disappear because if you're working at a restaurant generating that much revenue you're doing something far different then the summer job I had.