good capitalist
Good capitalists like the minimum wage
Pure capitalist is a rent seeking person. He or she is interested in low taxes and has enough to buy some lobbying. He or she is not a good capitalist. A good capitalist is the one who not only taxes but gives jobs to people or robots in the sector of basic products too. Such a person do not sell to state or companies and so should be happy about redistribution since this gives more purchasing power to the poor and through trickling up, yes there are more customers, he grows richer. Redistribution trickles to other rich too. With a lots of redistribution, the business goes well and a good capitalist can buy now travels, cars or even luxurious goods enhancing income of his peers from other industries. Good capitalists are interested in a good social security system ie in high and progressive taxes to be redistributed ...Redistribution works only in some places with a low corruption tradition where a system must be open and transparent since the state /the money printer itself/ pays for the product. A state can pay (and with some lobbying or greasing does) any price fair or hyped and in a systematic corruption situation all is overpriced. Corruption here likes some instability, in dynamic situations the tenders are easy to avoid. The state officers/deputes wait for or create the dynamic black swans where they can justify a hyped price pocketing a share from the supplier who is happy to sell for fair and corrupt with the difference. For states with corruption or-and instability, the redistribution is evil giving to the rich. There are also automated redistributions with no means tested nor projects and tenders. Externalities (pollution, deforestation and such), universal income and minimum wage.
Minimum wage redistributes when growing. It raise is a directive that the poorest workers now will be paid a bit more so there is a bleeding from the good capitalist s pockets to their poorest workers. Here we have the important point that the average good capitalist is an automaton as most of us all are and cannot feel in long enough terms to see this raise as a redistribution to his future customers. If their typical worker was the poorest one, they will have to slash the positions, hire robots. -diminish output saving so on the wages. They also can raise prices or do nothing /strong competition industries. and gain somewhat less profit then before. All in all they will now think twice when hiring.
What is the usual effect from a usual stable not too dynamic economic situation upon higher minimum wages? The empirical evidence shows that after the immediate run the redistribution effect it stronger than the previous supply x demand theory suggested and more jobs are created. That is since all the money went in the short run to the working poor. I think it make sense since if there is an increase of wealth in a society, the rich save or invest, the middle class gets a nicer car or holiday and the poor spend it all here where they work. It means that this redistribution went big time into the higher demand after the core goods and services.
Good capitalists should like the minimum wage
Pure capitalist is a rent seeking person. He or she is interested in low taxes and has enough to buy some lobbying. He or she is not a good capitalist. A good capitalist is the one who not only taxes but gives jobs to people or robots in the sector of basic products too. Such a person do not sell to state or companies and so should be happy about redistribution since this gives more purchasing power to the poor and through trickling up, yes there are more customers, he grows richer. Redistribution trickles to other rich too. With a lots of redistribution, the business goes well and a good capitalist can buy now travels, cars or even luxurious goods enhancing income of his peers from other industries. Good capitalists are interested in a good social security system ie in high and progressive taxes to be redistributed ...Redistribution works only in some places with a low corruption tradition where a system must be open and transparent since the state /the money printer itself/ pays for the product. A state can pay (and with some lobbying or greasing does) any price fair or hyped and in a systematic corruption situation all is overpriced. Corruption here likes some instability, in dynamic situations the tenders are easy to avoid. The state officers/deputes wait for or create the dynamic black swans where they can justify a hyped price pocketing a share from the supplier who is happy to sell for fair and corrupt with the difference. For states with corruption or-and instability, the redistribution is evil giving to the rich. There are also automated redistributions with no means tested nor projects and tenders. Externalities (pollution, deforestation and such), universal income and minimum wage.
Minimum wage redistributes when growing. It raise is a directive that the poorest workers now will be paid a bit more so there is a bleeding from the good capitalist s pockets to their poorest workers. Here we have the important point that the average good capitalist is an automaton as most of us all are and cannot feel in long enough terms to see this raise as a redistribution to his future customers. If their typical worker was the poorest one, they will have to slash the positions, hire robots. -diminish output saving so on the wages. They also can raise prices or do nothing /strong competition industries. and gain somewhat less profit then before. All in all they will now think twice when hiring.
What is the usual effect from a usual stable not too dynamic economic situation upon higher minimum wages? The empirical evidence shows that after the immediate run the redistribution effect it stronger than the previous supply x demand theory suggested and more jobs are created. That is since all the money went in the short run to the working poor. I think it make sense since if there is an increase of wealth in a society, the rich save or invest, the middle class gets a nicer car or holiday and the poor spend it all here where they work. It means that this redistribution went big time into the higher demand after the core goods and services.
Good capitalists should like the minimum wage