Lots of people work for 9 bucks and hour. 40 hours a week, don't miss a day, make 18,720.a year. If you have a wife and kid, what are you supposed to do to feed them, and clothe them, house, medical etc? Why, you will ask the government to help. And that's at 9 bucks.
You can't have a very rapidly growing economy if the wages for most working people don't start to grow.
If someone can't afford to buy even necessary things on the money they currently make, with no raise in income, they still can't afford to buy things.
Higher minimum wage not only helps the min. wage worker, it helps drive the wage scale higher for those working a few dollars about minimum wage. Actully that is where the real increase in wage costs are IMO.
Increasing wages helps increase consumption leads to increased production leads to increased profits etc.
Just economics and common sense. That is, if you believe capitalism should benefit everybody. Used to be called; sharing the wealth.
We don't much like the sharing idea anymore, seems to me.
The Waltons need a few more billion and their workers really only need minimum wage to get by. With a little help from the government.
You can't have a very rapidly growing economy if the wages for most working people don't start to grow.
If someone can't afford to buy even necessary things on the money they currently make, with no raise in income, they still can't afford to buy things.
Higher minimum wage not only helps the min. wage worker, it helps drive the wage scale higher for those working a few dollars about minimum wage. Actully that is where the real increase in wage costs are IMO.
Increasing wages helps increase consumption leads to increased production leads to increased profits etc.
Just economics and common sense. That is, if you believe capitalism should benefit everybody. Used to be called; sharing the wealth.
We don't much like the sharing idea anymore, seems to me.
The Waltons need a few more billion and their workers really only need minimum wage to get by. With a little help from the government.