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Originally Posted by Unskilled
Ah, another Ami :P
1: More money means, as already mentioned, more to spend. Less money less to spend... businesses can't survive without people spending money, very simple.
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1. Increase the minimum wage and you destroy small businesses which are the economic backbone of a nation.
2. Increase the minimum wage and you increase inflation. At $25 an hour you'll quickly have prices that reflect that salary.
Get rid of minimum wage and small businesses will flourish and the prices will fall accordingly.