08-15-2015, 01:05 PM
(08-15-2015, 01:01 PM)fredtoast Wrote: Demand is what determines production and employment levels. Increase in wages will increase consumption and demand.
Are you saying that right now companies are paying a lot of people they don't need?
How will an increase in wages increase consumption and demand?
If that's the case, why doesn't the government just send everyone a check for a million dollars? Surely that would increase consumption and lead to higher employment, right?
