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re: Bill Clinton: I Know Why American Incomes Are Stagnant
Posted on 9/29/14 at 5:09 pm to TT9
Posted on 9/29/14 at 5:09 pm to TT9
How the hell does raising the minimum wage grow the middle class? Minimum wage earners, by definition, are the lowest income earners. Clinton commits the same asinine fallacy as so many others: thinking government decree can somehow increase wealth.
2
Posted on 9/29/14 at 5:16 pm to HailHailtoMichigan!
I am no economics professor, but if we were to raise the minimum wage to say $15.00/hr doesn't that mean companies would either have to cut jobs or raise prices in order to be able to afford the new bottom line?
Posted on 9/29/14 at 6:04 pm to HailHailtoMichigan!
quote:
How the hell does raising the minimum wage grow the middle class?
Not sure, but why are you asking this question? Not one mention of the middle class in that article or this thread (except yours).
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