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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- PRE MARKET/CHINAJanuary 18, 2019 - 8:51 am
We are not going to complain about the fake China trade news that moved markets yesterday. We just want to concentrate on: The reaction was good…and now we have another little gap to the upside this morning. The DAX, the CAC and the FTSE break above the 50 day average this morning. This on top […]
- RADIO SHOW 1/17January 18, 2019 - 8:42 am
- PRE MARKETJanuary 17, 2019 - 9:08 am
Most notable is how FINANCIALS have been reacting whether numbers good or not so good. JPM, PNC open down on misses and rally up. Names that beat ramp up…like a GS. MS misses this morning…but only down a wee bit. There is no way the bear resumes unless FINANCIALS roll over again. Notable: China unleashes […]