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New York (Reggie's paradise) taxi restrictions - Forbes Mag.
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Author:  Dusty Bin [ Thu Nov 17, 2011 4:09 am ]
Post subject:  Re: New York (Reggie's paradise) taxi restrictions - Forbes

Doom wrote:
Dusty Bin wrote:
Yes, like if you pay £500 for a night at the Dorchester then you can be sure that the person washing the dishes down below is being paid a fortune. :roll:



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.

Author:  MR T [ Sun Nov 27, 2011 10:48 pm ]
Post subject:  Re: New York (Reggie's paradise) taxi restrictions - Forbes

Dusty Bin wrote:
Doom wrote:
Dusty Bin wrote:
Yes, like if you pay £500 for a night at the Dorchester then you can be sure that the person washing the dishes down below is being paid a fortune. :roll:



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.



BS

Author:  Dusty Bin [ Sun Nov 27, 2011 11:02 pm ]
Post subject:  Re: New York (Reggie's paradise) taxi restrictions - Forbes

Another night on the whisky? :roll:

Author:  MR T [ Mon Nov 28, 2011 12:34 am ]
Post subject:  Re: New York (Reggie's paradise) taxi restrictions - Forbes

Dusty Bin wrote:
Another night on the whisky? :roll:


b s

Author:  gusmac [ Mon Nov 28, 2011 3:37 am ]
Post subject:  Re: New York (Reggie's paradise) taxi restrictions - Forbes

MR T wrote:
Dusty Bin wrote:
Another night on the whisky? :roll:


b s


Brasso? :lol:

Author:  Brummie Cabbie [ Fri Dec 30, 2011 10:20 am ]
Post subject:  Re: New York (Reggie's paradise) taxi restrictions - Forbes

captain cab wrote:
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

Is that why that darling of a country, the great and the good old US of A is nearly $17,000,000,000,000,000,000 in debt and has almost maxed out the country's credit card again?

Author:  Brummie Cabbie [ Fri Dec 30, 2011 10:23 am ]
Post subject:  Re: New York (Reggie's paradise) taxi restrictions - Forbes

captain cab wrote:
Brummie Cabbie wrote:
The 409 pages are in their 5th Edition.

Are you sure you don't want a copy?


5th edition of what?

The book is online and is titled, 'America's Great Depression'.

Author:  Brummie Cabbie [ Fri Dec 30, 2011 10:24 am ]
Post subject:  Re: New York (Reggie's paradise) taxi restrictions - Forbes

Dusty Bin wrote:
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.

The economist in you suck, and always will!!

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