Posted On: 04/27/2016 10:29:09 PM
Post# of 65629
Quote:
July 2009 (Obama): $7.25/hr ($7.80/hr)
That's the last entry on your list. Economic history ended in July of '09, right?
What do minimum wage workers do with their raises, log on to Investor's Hangout, set up a trading platform with whichever brokerage and start trading stocks?
No, they f*cking put the money back into the economy, they buy stuff, they can keep up with their bills more easily, they buy more and better food, maybe they even go out to eat or to a movie more often.
Maybe they get the car repaired or replaced.
It's called the 'velocity of money', and it helps stimulate more jobs because of ....wait for it....more demand!
And hey, maybe Wal-Mart workers start making enough to get off of food stamps and off of housing subsidies?!
Yeah, we subsidize companies who don't pay enough to help to keep their workers off of welfare.
GOP is going to lose the argument on income inequality, badly, decisively......with some of their own base!
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