Frank1802 Wrote:
Feb 03, 2013 1:58 AM
I'm sorry I do not understand the fuss or the surprise. A business assesses its costs, which includes ALL tax liabilities, salaries, benefits, transport etc.. These are then factored into the cost of their product or service, any increase in these costs must then be factored in as they change. What that means is that business is faced with basically two choices 1) increase the charge to their customers which carries the inherent consequence of lost customers and therefore face possibly losing custom to cheaper rivals, or 2) lay off workers to reduce costs. Here you see the result of electing a President with ZERO business experience, and who has surrounded himself with others of the same ilk theoretical academic economists.