02-19-2016, 02:44 AM
I think it's pretty simple if you accept we live in a consumer driven economy.
More Income = Buying More Stuff = More Demand for Goods = Demand for More Labor = More Income = ....
Low income workers getting a raise aren't going to just save the increase. They are going to buy cars, house, computers, Nikes, TV's, more food, go on vacations, etc.
More Income = Buying More Stuff = More Demand for Goods = Demand for More Labor = More Income = ....
Low income workers getting a raise aren't going to just save the increase. They are going to buy cars, house, computers, Nikes, TV's, more food, go on vacations, etc.
