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(1,884 posts)

1. Logic dictates that if wages go up, people will have more money to spend.

Reply to n2doc (Original post)

Fri Jun 3, 2016, 09:11 AM

Jun 2016

And spend it they will. Buying and selling will increase, business will expand and hire more people, who will then have extra money themselves to spend and around and around we go in the opposite direction we are going now.
It worked after WWII, why not now?

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A Threat, Not a Theory: It’s simply not true that as wages go up, jobs go down. [View all] n2doc Jun 2016 OP

Logic dictates that if wages go up, people will have more money to spend. -none Jun 2016 #1

When you have a consumer economy you need to pay people well enough Blue Meany Jun 2016 #2

This is very true. We also need to inspect our reliance on markets to solve all problems bbgrunt Jun 2016 #14

We say Henry Ford understood that. BadgerKid Jun 2016 #15

Minnesota vs Wisconsin is an example of the threat vs. how successful raising the min. wage can be Person 2713 Jun 2016 #3

+1 jwirr Jun 2016 #13

As a Minnesotan, I wholeheartedly agree. geardaddy Jun 2016 #17

It is utter bullshit. When wages go up, the economy hums and the 1% get 10% instead of 90%. bemildred Jun 2016 #4

The Problem With The Threat. . . ProfessorGAC Jun 2016 #5

It has to do with where the money goes n2doc Jun 2016 #6

Not Sure How This Is A Reply To What I Said ProfessorGAC Jun 2016 #8

I wasn't trying to criticize n2doc Jun 2016 #11

Nothing To Be Sorry About ProfessorGAC Jun 2016 #18

Funny way to look at it that will make conserves go hmmmm... Wounded Bear Jun 2016 #7

It's not too different from their complaints about the public sector ck4829 Jun 2016 #10

If this was true, shouldn't we be cutting CEO and executive pay? ck4829 Jun 2016 #9

Only if that money goes into wages for lower level workers, or infrastructure n2doc Jun 2016 #12

Economies always grow from the bottom up Ferd Berfel Jun 2016 #16