And probably increase the price of goods and services.
Originally Posted by cowboy8055
Yep... The reason employers will lay people off is so they won't have to raise their prices so steeply. But when you are talking about DOUBLING the cost of labor overnight, it is such a huge shock that it will force them to do some of both - raise prices AND lay off workers.
If socialist ideas worked (instead of hurting the people they are supposed to help), we would have been living in a workers' paradise a long time ago.