MITCH: “Trump’s tariffs…”

AVERY LIBRELLE: “Will be passed on to American consumers. It’s economics 101”.

Pete: “Very good. That is actually correct, one way or the other; all changes in price driving by anything other than market demand will be either paid by consumers, or not purchased at all. You’re coming along, Avery! So – artificially raising the minimum wage to $15 an hour…”

AVERY LIBRELLE: “…will never get passed on to consumers!”

Pete: “OK. Why?”

AVERY LIBRELLE: “Because shut up”.

And SCENE

This entry was posted by by Mitch Berg on Wednesday, August 21st, 2019 at 6:00 am and is filed under Business, The Economy and The Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.