Not to sound offensive, but its obvious with so many employees target cannot pay you that much.
Target rakes in $9 billion in profits a year with 350,000 employees. Let's assume 300,000 are wage workers, they could afford to double the pay of all these workers and still turn a profit. I know making a big profit is the key idea in the world right now, but it's not everything. Stores like Costco are Unionized and pay an average of $15 per hour and still make profit. Retail giants don't need to pay most people minimum wage to survive.
Yeah, because every knows that intense deflation stimulates the economy. That's why the 1930s was such a happpy go-lucky period. So, let's cut prices and ride the deflationary spiral down to fun land!
But seriously... Businesses cut prices because they think people will buy more stuff. But then they have to cut wages (assuming they were already at the most effecient point, which is likely) in order to cut their costs. These workers now have even less money, so they buy less. Which means that businesses have to cut wages more to make a profit. Which means these workers have even LESS money to buy stuff with. Which means... Get it?
Not only that, you also have to count on what a product cost's to make. Sure, a nikey shoe may cost like 3 dollars for the hwole when its made in their slave camps. But whats the price of transporting it?
add that up, then you get the price. So they have to put it at a higher price to make a actualy profit. So you got the idea?
However, you also have to count in the factor, of not onyl cutting wages= Lower money= Lower Spending, but also the fact, this is a two way deal. You, the consumer, is what the bussinesses need. But you also need the bussineses, unless your a self proficient ironman, which in no way in hell that you are.
You do nto know how to sew your own clothes, prospect your own gasoline for your cars, tailor your own suits, grow your own food, build your own home, keep power flowing to your home, its impossible. Even for my godlike power's its impossible. Your only a single person.
Not only that, you have to add the fact in that its not just America's market that dictates the price ranges. The whole world economy is affected more or less by each other's currencies. Because we all trade currencies for items. Thats how the market works. And plus, if you eitheir make more of a item, you lessen it's worth. That also means, if you halve something but 50%, that makes your own currency rise, but also that means, the item your buying, is lowered in it's worth. And what does that mean to it's producer's? it means they are making a thing thats relatively worthless. And you put that in perspective, if your economy put's that in perspective, do you honestly think any trading will go on with your nation? no. BEcause the market for whatever item that is, will go down, and you will not be a desirable target for advertising a product. They won't even bother to supply you, which also means America would be bankrupt in not only money, but resources. And resources are far more important then money.
Not only that, who wants to deal with a currency like that, when the consumer's won't even pay you that much? it would just be a economic nightmare. Now I have shared my veiw.
