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re: What happens in BR if min wage becomes $15/hr?
Posted on 1/15/21 at 4:31 pm to fallguy_1978
Posted on 1/15/21 at 4:31 pm to fallguy_1978
quote:
Prices will rise and a lot of small businesses will fail.
Conversely, you'll see a tremendous increase in demand as there is more money being spent by workers. Just as tax breaks "stimulate" the economy due to dollars in peoples' pockets, so too do wage increases.
1
Posted on 1/15/21 at 4:47 pm to mmmmmbeeer
quote:
Conversely, you'll see a tremendous increase in demand as there is more money being spent by workers. Just as tax breaks "stimulate" the economy due to dollars in peoples' pockets, so too do wage increases.
It's nothing but a form of wealth redistribution. The middle class will pay for it, not the wealthy.
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