Hutch Starskey
Diamond Member
- Mar 24, 2015
- 35,391
- 9,170
No one is suggesting that.So if minimum wage was $100/hr people would have a lot more money to spent. We could all be rich!Sure. What drive a business to hire more employees? Increased demand. Where does increased demand come from? Consumers buying more goods.
What drives consumers to buy more goods?
Increased disposable income.
Yes you are... that's exactly what you're suggesting. The only distinction is the percentage by which you will inflate the dollar (devalue the dollar).
Ya see the dollar amount is irrelevant, the result is always going to be the same as there is no means for it NOT to be... .
Knee deep in the weeds dude. You still haven't established that employment is harmed.
Yes... but in fairness, that's because I am not claiming that employment is harmed. Employment is what it is... it is not effected by the addled policy of children and fools. It's the EMPLOYED and FORMERLY employed who are harmed.
Ya see scamp... when the currency with which one is compensated is devalued by the artificial increase in the value exchanged for stagnant productivity, then the value for which the employee exchanges it for the product and services they need, want and desire... is LESS.
And it is THERE, Dude... wherein the EMPLOYEE and those who are FORMER Employees, are harmed.
Stagnant productivity? You assume quite a lot.
![change-since-1979-300.gif](https://motherjones.com/files/images/change-since-1979-300.gif)
What do you suppose the cumulative effect of 77 years of devaluing the dollar in such a way is? Is it demonstrably quantifiable? If so in what way(s)?