I was responding to why not $50.The middle answer is raising the minimum wage.The question is to pay people enough so they can support themselves. Driving businesses into bankruptcy by trying to pay them too much is stupid. There is a middle answer.If it only affects 3% of the population then what possible benefit could there be raising it?Lol you're talking about federal minimum wage which affects 3% of the population. There is no way that would have been the reason for the change in GDP.Also, GDP grew steadily in all cases of the minimum wage being raised in this country's history.
I would expect that. Why would it not? GDP grew in China, even while the average income was under $2 a day pre-78. Bad policies can screw over the lowest working people... and still have a growing GDP.
However, what you claim is not true.
GDP fell in 2008 and 2009. What happened in 2008? The minimum wage went up to $6.55. What happened in 2009? The minimum wage went up to $7.25.
So the fact is, you are wrong.
Again, if 10/hr is good, why is 50/hr not better? You cannot answer this so you deflect. Because you are Billy Triple Fail.
It misses the point.