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Re: With the higher minimum wage, restaurants are closing

Posted by Nilet on Fri May 30 23:21:22 2014, in response to Re: With the higher minimum wage, restaurants are closing, posted by bingbong on Fri May 30 23:06:22 2014.

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No, that's also motivated by greed. They don't want to give up a single penny if they don't have to.

What we do know is this: The aristocrats aren't concerned with absolute wealth, but rather, with relative wealth. They oppose increases in wages and benefits that will actually make them richer through increased economic activity, because they would much rather be "rich as opposed to impoverished" than "rich as opposed to middle class." That they'd be richer in the latter case is irrelevant; once you're a billionaire, additional wealth becomes basically meaningless.

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