Conservatives answer this question: wages in the lower classes have remained stagnant for DECADES. What is the incentive for businesses to pay more if they can maximize their profits by keeping wages low? 18 million people make less than 10.10 per hour. How many more do you think make less than 15? How many of them have kids?Corporate profits are already at an an all time high.
The ONLY way to boost wages for the poor is by raising the minimum wage. History has shown this to be true. More socialization in our private economy is the only way to save the middle class and keep the poor class from expanding. Eventually, the top heavy economy will cause a collapse from a lack of sufficient consumer spending.
Do I want to end the private market? Of course not. I just understand the need for government intervention and regulation.
The ONLY way to boost wages for the poor is by raising the minimum wage. History has shown this to be true. More socialization in our private economy is the only way to save the middle class and keep the poor class from expanding. Eventually, the top heavy economy will cause a collapse from a lack of sufficient consumer spending.
Do I want to end the private market? Of course not. I just understand the need for government intervention and regulation.
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