Many Americans will be working off all those calories they consumed yesterday by pushing and shoving their way through the crowds to spend their hard earned cash on those Black Friday bargains (a traditions I could do without). Retailers typically count on their Black Friday sales for a large percentage of their annual revenues. According to the video at this Fox News link, bargain hunters won’t be the only ones showing up at Wallmart stores. Union protesters are planning to march on 1600 Walmart stores today to demand higher minimum wages from the purveyors of all those Chinese made consumer goods.
Everyone Democrts know that higher minimum wages stimulate the economy. Monty Pelerin’s World calls it Donkey Economics:
As long as that mind-set prevails, the trend line below, which epitomizes the American Dream will continue.
Well, that’s what I’m thinking. What are your thoughts?