GM and others shutting down production.
Just heard the GM part on tv news, looked HERE and found out it's hitting the others as well. Trucks seem to be getting the hardest knocks. Our little Chevy dealer here only has 4 new vehicles on ...
Forum Discussion
I'm a free market and a capitalist...but...
There are times when intervention is needed to protect those being bullied.
Like Martin Shkreli of the Turing Daraprim debacle and the Poster Girl is Heather Bresch of the EpiPen debacle...where they, in a pure capitalistic manner, raised the price on life-saving drugs...just because they thought they could up the price from a few hundred bucks to thousands of bucks overnight.
That is when one of our socialistic protection agencies, The SEC, took those two to court and won. Shkreli is still in prison and IIRC Bresch resigned.
As for government mandated min wage...I'd prefer to let the market decide, and competition is the greatest leveler.
A mandated min is a 'on size fits all' and doesn't work.
As a $15/hour min wage in big cities is not going to help (many already are there and even higher), but in a small, rural town...the line to apply for a job paying that would be around the corner.
The great and common leveler for those foreign countries (socialist, communism, dictatorship, etc.) has happened (USSR) and is currently working its way through China (albeit that government has a tighter hold on citizens than USSR)...and that leveler is discretionary time & money.
For once the population reaches that...they expect much more freedom that they gave up to 'help lift their country up from the depths of poverty'
As for production shutting down...one big component mentioned earlier, but decided to list some images that is happening all over the US port cities.
This is a China port
There are times when intervention is needed to protect those being bullied.
Like Martin Shkreli of the Turing Daraprim debacle and the Poster Girl is Heather Bresch of the EpiPen debacle...where they, in a pure capitalistic manner, raised the price on life-saving drugs...just because they thought they could up the price from a few hundred bucks to thousands of bucks overnight.
That is when one of our socialistic protection agencies, The SEC, took those two to court and won. Shkreli is still in prison and IIRC Bresch resigned.
As for government mandated min wage...I'd prefer to let the market decide, and competition is the greatest leveler.
A mandated min is a 'on size fits all' and doesn't work.
As a $15/hour min wage in big cities is not going to help (many already are there and even higher), but in a small, rural town...the line to apply for a job paying that would be around the corner.
The great and common leveler for those foreign countries (socialist, communism, dictatorship, etc.) has happened (USSR) and is currently working its way through China (albeit that government has a tighter hold on citizens than USSR)...and that leveler is discretionary time & money.
For once the population reaches that...they expect much more freedom that they gave up to 'help lift their country up from the depths of poverty'
As for production shutting down...one big component mentioned earlier, but decided to list some images that is happening all over the US port cities.
This is a China port
