Quote:
Originally Posted by eweissenbach
If the lower end of the income is raised it provides more money to purchase goods, generating a multiplier effect in the economy, and less welfare/food stamps, not to mention more tax revenue. A rising tide lifts all ships.
|
If a rising tide (higher minimum wage) lifts all boats, then why not send those boats to the moon and raise the minimum wage to $50 or even $100 per hour? This should really give the economy a boost and lift those making minimum wage well into the middle class, no?