We are always amazed when life-long government bureaucrats think they know better than business owners on how to run their businesses. There is a simple formula. Go too far in mandating higher costs to business owners without commensurate productivity gains and business owners will eventually figure out how to cover for the higher expenses. Well, they have. Fewer employees, less hours and more technology is the outcome of utter stupidity on the part of people who do not understand business, have never run a business, have never written out a paycheck and have absolutely no understanding of the sweat, the toil, the time, the risk, the risk capital that business owners put into their business. That’s because many of these bureaucrats have lived off the tax payer since day 1. We have been telling you for years that if they go too far, there will be a reaction…and we are getting the reaction. We are asked what can someone do to get off minimum wage. Simple! Education and training. There are millions of high paying, unfilled jobs in this country that are waiting to be filled. On top of that, for example, a good percentage of Wal Mart managers started minimum wage. All companies want to promote from within. Companies grow best this way.
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- SHORT MARKET NOTESOctober 19, 2018 - 8:29 am
By Gary Kaltbaum- October 19,2018 In a sea of red, in a market where the average stock is so much worse than the major indices, in a market where a laundry list of industries are at or near new yearly lows, in a market where Netflix gaps up 30 points on great numbers and gives […]
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