Consider also that empirical data concludes that lower-income households devote a greater proportion of their total income to consumer spending, which fuels economic growth – because when the incomes of the lowest wage earners are less than inflation, spending contracts and recessions result. Simply, you get more economic benefit for increasing wages at the bottom than you do at the top. theguardian/commentisfree/2015/jan/27/the-only-certainty-of-a-reduced-minimum-wage-is-a-lot-more-poor-people?CMP=soc_567
Posted on: Tue, 27 Jan 2015 02:07:27 +0000
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