Quote:
Originally Posted by BFT3K
Millions of additional people making more money equals millions of people with extra money to buy things.
I sell things, so that helps me and my business out a whole bunch. Not sure how things work on the other side of reality.
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The thought is that if you start paying McDonald's employees $15 per hour then the guy who is making $15 per hour for a much harder job will want $25 per hour and the guy making $25 per hour will want $40.
It won't be long until wages go up across the board and with them prices will go up across the board, so you might have more money in your pocket, but everything costs more so you don't have any real increased buying power.