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Warpy

(114,650 posts)

5. The money pump works from the bottom up

Reply to Indpndntfrombirth (Reply #4)

Sun May 8, 2016, 06:24 PM

May 2016

so yes, a minimum wage increase kicks off increases for all working people. With more money to spend, they stimulate demand and increase business and profits over what their bosses are spending on increased wages.

It's all counterintuitive, but that's how it works. It's also why no one calls for a rollback of any increase six months after it has been enacted.

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On a scale of 1-10 with 10 being the worst how bad is Trump's plan to end the federal minimum wage ? [View all] DemocratSinceBirth May 2016 OP

I'm sorry Uponthegears May 2016 #1

I wish I owned that home... DemocratSinceBirth May 2016 #2

+1 Uponthegears May 2016 #3

I worry about minimum wage increases Indpndntfrombirth May 2016 #4

The money pump works from the bottom up Warpy May 2016 #5

Trump will probably change his mind tomorrow. DemocratSinceBirth May 2016 #10

If they can't find a way to pay minimum wage they don't have a very good business plan... Human101948 May 2016 #6

I prefer an increase in the EITC and a federal minimum wage of $12.00 DemocratSinceBirth May 2016 #8

Welcome to DU, be careful praising Clintons around here... Jeffersons Ghost May 2016 #14

The EITC was first proposed by George McGovern. Republicans called it a giveaway and lambasted it. DemocratSinceBirth May 2016 #15

The EITC is a lot like the 5 cent bottle bill, it has no downside Indpndntfrombirth May 2016 #18

It's pretty good. cloudbase May 2016 #7

He reminds me of a kid in high school who writes about how the nation would be if he ran it. DemocratSinceBirth May 2016 #9

11 Chan790 May 2016 #11

People who voted 10 are forgetting to leave room for the rest of his campaign to come. Donald Ian Rankin May 2016 #12

If life was just, which it isn't MissDeeds May 2016 #13

You mean you couldn't borrow a million dollars from your daddy and trade on his name to... DemocratSinceBirth May 2016 #16

I'm going to give it a nine jmowreader May 2016 #17