Canceled.LTroll.17
Banned
You lie!!
I did not.
Your Marxism is shown in your views on the source of value and what sets price. It's not labor. You don't realize that you are a Marxist because you are an economic illiterate.
Immigration also means we have a younger workforce and a faster-growing economy than many of our competitors, and in an increasingly interconnected world, the diversity of our country is a powerful advantage in global competition.
Just a few weeks ago, we had an event of small business owners at the White House, and one business owner was a woman named Prachee Devadas who came to this country, became a citizen, and opened up a successful technology services company.
When she started, she had just one employee.
Today, she employs more than a hundred people.
This past April, we held a naturalization ceremony at the White House for members of our armed forces.
Even though they were not yet citizens, they had enlisted.
One of them was a woman named Perla Ramos, born and raised in Mexico, came to the United States shortly after 9/11, and she eventually joined the Navy, and she said, “I take pride in our flag and the history that forged this great nation and the history we write day by day.”
These women, and men and women across this country like them, remind us that immigrants have always helped to build and defend this country, and that being an American is not a matter of blood or birth.
Labor is a cost. Costs are a consideration when deciding the price. Now who's the economic illiterate? hint: It's you.
Cost doesn't determine price.
This doesn't mean costs are not a factor in determiing price.You don't necessarily get the price you set.
You can't sell a carrot for $6 just because it cost $5 to grow and harvest one. You can't even necessarily sell it for $5. If most consumers are only willing to pay a $1 then there will be very few carrot sales and very few sellers.