Thats where it all breaks down, by paying the dish washer poorly you reduce his spending power to purchase, when you purchase you create manufacturing which creates jobs which creates tax which in turn gets us out of debt, we don't stand a chance right now they don't have a clue in Westminster, it's all rosy in their world so they will never understand the moneygoround principle.

But the point is that it doesn't matter how much you charge for a service - the wages of those who provide it are decided by the labour market.

I mean, if you doubled your fares do you think your take would double? No - within a few weeks you'd just be sitting round more because of more drivers and fewer fares, and probably back to where you started earnings-wise.

Another night on the whisky?

b s

Strange....these economists would have probably have been jailed for such thoughts during the early part of the century.....even in America.

The National Recovery Act (NRA) was brought in specifically to fix prices......anyone setting a lower price than the one prescribed by the NRA was jailed......the belief was that anyone cutting prices contributed to lower wages and not giving the consumer the money to purchase the US out of the recession.

CC

5th edition of what?

But the point is that it doesn't matter how much you charge for a service - the wages of those who provide it are decided by the labour market.

I mean, if you doubled your fares do you think your take would double? No - within a few weeks you'd just be sitting round more because of more drivers and fewer fares, and probably back to where you started earnings-wise.