08-14-2019, 11:55 PM
(08-14-2019, 08:24 PM)Benton Wrote: Well said.
We've got more people working, which is a positive, but they're working more low wage jobs. So they aren't contributing much to economic growth and even less to the tax base. But our debt keeps going up and there's not a lot foreshadowing wage increases, either politically or by market demand.
Only thing that’s been moving wages the last 2-3 years is the “Fight for $15” and voter initiated ballot measures raising the minimum wage. The “free market” theory that low unemployment would raise wages has fallen flat on its face.
