This article really seems to be written specifically for those who think like NJ yet provides example after example why he would be WRONG.
We all know NJ is cheap, so this part MAY resonate with him. Odds are it MAY not though.
On the con side of my article, one fellow grumbled that we free market types always trot out "productivity" as an excuse to lower wages. Oh, get serious. In the first place, productivity is simply a fact of life. Two centuries ago, economist David Ricardo hypothesized "the iron law of wages." He expressed the mainstream belief that workers would never earn much above a subsistence wage. That theory was exploded in subsequent decades when "greedy capitalists" supplied capital equipment that multiplied the productivity of labor and drove wages far higher, resulting in an affluent middle class. In the second place, I'd bet that the fellow grumbling about productivity expects anyone he hires to work on his house to do a good job and give him value for his dollars. He would object to paying good money for inferior output in his own life, so why should he object to businesses operating on the same basis? Another double standard.
http://www.forbes.com/sites/markhendrickson/2015/03/20/unionisms-fatal-flaws-part-two-double-standards/
We all know NJ is cheap, so this part MAY resonate with him. Odds are it MAY not though.
On the con side of my article, one fellow grumbled that we free market types always trot out "productivity" as an excuse to lower wages. Oh, get serious. In the first place, productivity is simply a fact of life. Two centuries ago, economist David Ricardo hypothesized "the iron law of wages." He expressed the mainstream belief that workers would never earn much above a subsistence wage. That theory was exploded in subsequent decades when "greedy capitalists" supplied capital equipment that multiplied the productivity of labor and drove wages far higher, resulting in an affluent middle class. In the second place, I'd bet that the fellow grumbling about productivity expects anyone he hires to work on his house to do a good job and give him value for his dollars. He would object to paying good money for inferior output in his own life, so why should he object to businesses operating on the same basis? Another double standard.
http://www.forbes.com/sites/markhendrickson/2015/03/20/unionisms-fatal-flaws-part-two-double-standards/
