/biz/ - Business & Finance

>>7770533
>From each according to his ability, to each according to his needs

the better question is how someone proven so wrong on everything is still the subject of angsty teen's admiration.

>>2228814
businesses accelerate r&d into automation

no one will hire a teens to flip burgers at $15/hr. for that price burger king will only hire someone with a wealth of experience to justify the wage.

small businesses who can't afford $15/hr will die out left and right bc all govt regulation hurts them more than big corporations.

companies will downsize, ship jobs overseas, hire illegals, only hire part-timers, or as a last resort, pass on the cost to the consumer

>>2035741
its all about perspective. a wageslave would kill for those gains. set a goal and when you hit that goal spend a bit to buy yourself a reward to remind you that money buys freedom, not happiness.

>>1995728
>It maxes out at like $300 a month and can only be spent on food

The heroin addicts buy expensive cuts of meat, sell them for 40% of the sticker price in bars, and then use the cash to pay for their next fix.

We should probably just legalize all drugs and give them cash but I digress.

>>1539822
http://www.cato-unbound.org/2009/09/14/scott-sumner/real-problem-was-nominal

This explains it pretty well- monetary policy was too tight, not too easy

Low interest rates are typically a sign that money has been tight, as Milton Friedman once said