Brain357
Platinum Member
- Mar 30, 2013
- 37,068
- 4,189
Thanks!
GDP = C + I + G + NX
C = Consumer spending
I = Business investments
G = Government spending
NX = Net exports
So the broom pusher has an extra $3000 to add to consumer spending.
The company has $3000 less which subtracts from business investments.
How has your plan increased economic growth?
If paying little so that the business keeps more was going to grow the economy, we would already have huge growth.
So your plan doesn't increase economic growth?
Thanks for admitting your error.
The wage increases are pretty much guaranteed to increase consumer spending in the US. The business investment may be international which will help another countries economy far more than ours.
The wage increases are pretty much guaranteed to increase consumer spending in the US.
And decrease business investment.
The business investment may be international
Especially if we mandate much higher wages for unskilled labor.
Too much of it already is international. Hence the slow economy.