There’s no question, though, that at some point, raising wages will make businesses think it’s cheaper to get a machine or go offshore, right?The creepy world of American socialism.
They cannot offshore restaurant jobs. We have a Dick’s Hamburgers right here, which survives on the business from the school students; you couldn’t offshore those jobs. There are limits to how many jobs can be offshored. But you’re asking a really good question — yes, this is capitalism, and the bosses are looking out for their own interests.
Friday, August 01, 2014
Seattle’s Socialist councilwoman on why capitalism offers nothing for young people
PBS has an interview with socialist Kshama Sawant , a member of the Seattle city council: