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That makes no sense. All businesses suffer along with the rest of the economy when flow of money dries up. It's not just lower wages, it's lower sales, profits
by chetanahuja 11y ago
That makes no sense. All businesses suffer along with the rest of the economy when flow of money dries up. It's not just lower wages, it's lower sales, profits and for those business kept afloat by financial leverage, such crisis often mean complete death.
- crdoconnor 11y ago>All businesses suffer along with the rest of the economy A) The relative position of the owners still improves. http://isites.harvard.edu/fs/docs/icb.topic620591.files/Indices_of_Wellbeing/HSPH.pdf http://isites.harvard.edu/fs/docs/icb.topic620591.files/Indi... B) Businesses in the rest of the Eurozone can reap the benefits of suppressed Greek wages (in the form of a more cut-throat labor market), without facing the consequences of lower demand themselves.