Comment: I really wish you could read what I write

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I really wish you could read what I write

not what you think I'm saying.

Wendy's and McDonald's are not closed systems. In a closed system, you'd be correct, but both those companies (and virtually every other we all know today) are involved with banks. Every stage of the process from the corn to the beef to the transport and slaughter, to the construction to the tax preparations (think of the "I Pencil" video just posted)... every one of those stages gives a small chunk of their profits to a bank either directly or indirectly. ALL OF THEM. (Yeah, I agree. Caps is fun.)

What I'm suggesting is that we can (and will) remove that chunk from the costs of all those supply chain steps. THAT number is roughly 4/5ths of the total cost of any product. Removing that will on average, leave 4 times the profit on the table for both your companies and the result will be that each worker will earn more (or they will go elsewhere) while prices drop.

So, your next question is why would prices drop if wages soared? To answer that, you have to look at the cost breakdown of a company. If your business costs just dropped to 20%, you would likely keep some for yourself, you'd pay better wages (formerly 11%, now 55%), you'd charge less for your product (halve prices due to competition), and you'd rely less on scamming ads because your workers would be spreading the word of their great job and great product (10% instead of 30%) and finally, you'd increase quality because all the newly wealthier customers (since that wealth propagated across the community) would be more demanding of quality. You have to remember that those business owners would no longer be tied to the perpetual growth machine and so they could easily live on a flat but higher salary.

You propose a fallacy that there would be 4 times the currency in the market. There wouldn't be. The currency that exists now in the hands of the banks would just be better distributed across all economic levels. In other words, the lower classes would see pay raises while the top .01% would virtually go away because there would no longer be any economic activity that they could perform to earn any money. Given their current leverage (the majority of them anyway), many would go bankrupt asap.

The last point is that you also assumed I meant this means more products. Not necessarily. That may be in the beginning but once that quality over disposable quantity theme took over, product obsolescence would be exposed and would diminish. This would make products either last longer or be designed with maintenance/repair/upgrades in mind. That's what customers want and with enough money to buy that, that's what they will get.