vrijdag 20 december 2013

Peter Schiff and Walmart

You've got to give Peter credit for this. Higher costs (labor costs or corporate taxes) in a business will always flow to the consumer. Because this is the only way a business can stay profitable. Of course, higher consumer prices are not sustainable, because the consumer won't buy your product. It's all supply and demand. Which means... 

...the other way to stay in business is of course to just fire the employees. See this Salman Khan video:

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