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Higher minimum wages do not drain the economy [1]. Those wages are fed back into buying more goods, driving the economy from the roots. Also note that Australi
by nosuchthing 11y ago
Higher minimum wages do not drain the economy [1]. Those wages are fed back into buying more goods, driving the economy from the roots.
Also note that Australia locked in their minimum wages in the 80s, and are among the highest in the world for both median and average networth. [2]
I would prefer better higher education, or at least affordable higher education, but addressing the minimum wage vs cost of living is not something to be swept under a rug.
[1] http://www.dol.gov/minwage/mythbuster.htm http://www.dol.gov/minwage/mythbuster.htm
[2] money.cnn.com/2014/06/11/news/economy/middle-class-wealth/