Comment Re: How's that $15/hr min wage working for you? (Score 1) 226
And the economists supporting these initiatives doesnâ(TM)t understand anything about WHO is actually paying their wages.
What will happen the day noone can afford to pay for anything anymore?
Prices will just drop through the floor with increased automation. And this will mean, a lot of companies will go out of business, because we will have over production.
Just look at thr shipping industry for natural gas. A few years ago, prices were high, but now they have stagnated to a point were most companies does not make any proffit at all? And why? Because too many ships were built.