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Please take an introductory economics class before spewing fallacious claims.
Example. You and I each own a fast food restaurant. Our products are comparable. Everything else about the restaurants is equal. We each sell hamburgers for $2 apiece. Your employees demand and receive a 25% wage hike. Now, tell me what will happen when you raise the price of a hamburger to $2.50?
Well, I think that you want to go more into details then I want too. Of course it's not that simple. I didn't want to type a whole page about the point I was trying to make...okay let's move on
Suppy and demand is so general (and in general you are right)...of course they consider cost of doing business and competition and if cost of doing business goes up then so will the prices...I have sat with many C level execs...I have delt with Suppy Chain Management of large companies like Toyota, NEC America and etc. and they said that based on their line of business (don't want to get into detail here) to grow and earn revenue that manufacturing overseas helps them grow revenue and keep the prices down so that consumers will purchase the products. Competition to earn a profit /grow revenue on a yearly for these companies is "fierce". Almost ugly.
Please read your own words. COMPETITION TO EARN A PROFIT. COMPETITION TO GROW.
Next time you talk with these people, ask them if their employees ever receive wage increases. Then ask them if the price of their products goes up every time they give raises.
I'm done, as you apparently can't grasp the simple economic principle of price, supply and demand.
Your words: I mean it's simple..in that if the cost of doing business goes up then it will go up for the consumer as well.
Nice dodge.
Your "point" is fallacious. Typing a dissertation on a fallacious point doesn't lend it any credibility.
Okay, think whatever you want. You want to play smyantics over this and that...this will never end. I am not going to buy into your insults so that I make another point. I am ready to move on and I will.
Shut off all water, electric and the roads to this town and it will soon wake up.
Jail the mayor and all leaders for being traitors and arrest anyone who speaks out against it. Time to stop the madness.
Okay, think whatever you want. You want to play smyantics over this and that...this will never end. I am not going to buy into your insults so that I make another point. I am ready to move on and I will.
Another dodge.
I love it when people attribute their errors to semantics.
Showing your errors is not an insult. That you take it as such is revealing. Apparently, being wrong is insulting to you.
Here are some facts (not insults): Raising wages in competive industries WILL NOT automatically result in price increases. It WILL cut into profits, force companies to cut expenses in other areas, reduce supply, or in extreme cases, put companies out of business.
BTW, I don't "think whatever [ I ] want." My knowlege has been gained from study. Do yourself a favor and read about supply and demand.
I love it when people attribute their errors to semantics.
Showing your errors is not an insult. That you take it as such is revealing. Apparently, being wrong is insulting to you.
Here are some facts (not insults): Raising wages in competive industries WILL NOT automatically result in price increases. It WILL cut into profits, force companies to cut expenses in other areas, reduce supply, or in extreme cases, put companies out of business.
BTW, I don't "think whatever [ I ] want." My knowlege has been gained from study. Do yourself a favor and read about supply and demand.
I have another "fanatic" like you, but religion, on a seperate thread that I am ignoring. The most important thing for you is to prove someone wrong no matter what they say. I think pple like you have some type of resentment problem and/or "I have to be right" syndrome.
This is why in a bar I don't discuss religion, politics....there is just no win/win with some pple...I rather enjoy life. View/opinions are great and welcome, but at somepoint to belabor, over and over....just not fun for me. This is not an insult to you...I maybe entirely wrong, but this what I feel and think...
I am sure that others might be tired of "us" as I am of this conversation. I am moving on.
I have another "fanatic" like you, but religion, on a seperate thread that I am ignoring. The most important thing for you is to prove someone wrong no matter what they say. I think pple like you have some type of resentment problem and/or "I have to be right" syndrome.
This is why in a bar I don't discuss religion, politics....there is just no win/win with some pple...I rather enjoy life. View/opinions are great and welcome, but at somepoint to belabor, over and over....just not fun for me. This is not an insult to you...I maybe entirely wrong, but this what I feel and think...
I am sure that others might be tired of "us" as I am of this conversation. I am moving on.
Economics isn't subject to what you feel and think. Stop feeling and thinking and start reading.
It's not a matter of me being right. I already know I'm right. It is you who can't admit error.
I point out errors to protect the integrity of the discussion and to prevent other people who may be ignorant of economics from accepting falsehoods, such as those that you have stated. Though you will probably not admit error nor educate yourself, others reading this may do so. It's for them, not you.
When one side is correct and the other in error, it's a win/lose situation. You can "feel and think" that being wrong results in a win/win, but again, you would be in error.
Take your "theory" to an economics professor, and when he corrects you, call him a fanatic. I'd pay to see the professor's reaction.
Last edited by nvxplorer; 02-29-2008 at 01:44 PM..
Economics isn't subject to what you feel and think. Stop feeling and thinking and start reading.
It's not a matter of me being right. I already know I'm right. It is you who can't admit error.
I point out errors to protect the integrity of the discussion and to prevent other people who may be ignorant of economics from accepting falsehoods, such as those that you have stated. Though you will probably not admit error nor educate yourself, others reading this may do so. It's for them, not you.
When one side is correct and the other in error, it's a win/lose situation. You can "feel and think" that being wrong results in a win/win, but again, you would be in error.
Take your "theory" to an economics professor, and when he corrects you, call him a fanatic. I'd pay to see the professor's reaction.
I guess you're doing it again, too! ...LOL!!!1111oneoneone
Have fun bathing in you're () sea of ignorance...LOL!!!!
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) sea of ignorance...LOL!!!!