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Trickle-down economics is "wrong" according to the IMF

  • Offline jagibelieve
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#63
06-26-2015, 05:47 PM

Quote:Yeah, there are indeed multiple factors. Cost being the biggest. There is a cost to labor, obviously. And there is a cost to regulations as well as taxes.


The goal of business is to reduce costs as much as possible.


But I ask you a rhetorical question, which cost is the highest? It's labor. In most industries it is labor.


Regulations and taxes, yes. But I'm my opinion, and I think in most economists research, the flight of jobs overseas is based on cutting labor costs first.
 

Cutting cost across the board is usually a factor.

 

To answer your question, and this is probably going to change the topic of discussion, yes the largest cost is labor.  However, I'll ask you this.  Why is the labor cost driven so high?  Could it be that unions cause the labor cost to go up?


There are 10 kinds of people in this world.  Those who understand binary and those who don't.
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Trickle-down economics is "wrong" according to the IMF - by jagibelieve - 06-26-2015, 05:47 PM



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