Things that made you frown today (Political Version)

[Methais]

Except a John Doe isn't the only recipient of increased wages. A healthy economy is one of sustained growth. A 2-3% inflation rate, gains in productivity, gains in employer wages and return on investment for the company as a whole. What does an increase in minimum wage due to benefit an employer? It puts more money in the hands of it's potential customers. More income and discretionary spending for the lowest 50% of workers means more money spent on goods and services.

An increase in minimum wage /is/ offset by increased prices, which in turn are met by increased discretionary income. Only your Republican formula of wonder and sunshine says only employer earnings should increase, while prices raising and quality/quantity of goods are decreased to increase profits. Look up shrinkflation.

Just make minimum wage $1 million per hour and then everyone will be rich and all problems will be solved. Right?