Ted Rall - Saturday June 27, 1998 Comic Strip Licensing and Permissions

Transcript

The flaw of supply and demand: When unemployment is high, the supply of workers is high. This keeps wages low. (Man: I can offer you an atrocious job at sub-sub-micro-minimum wage.) (Man 2: Wow! I've been looking for one of those ages!) When unemployment is low, demand for workers is high. Rather than raise wages, employers whine that they can't find workers. (Man 1: Damn this recovery! I can't hide anyone!) (Man 2: You could offer more money.) (Man 1: Damn this recovery! I can't hide anyone!) (Man 2: You could offer more money.) Without employees, businesses see their productivity drop, and this ultimately leads to recession. Recession keeps unemployment high, thus cutting wages. (Man 1: I can offer you an atrocious, job at sub-sub-micro-minimum wage.) We could avoid the whole cycle if bosses hired workers at market wages- (Man: but that would cause inflation!)

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