Oh and had Obama been successful in raising the minimum wage, far less people would be eligible for food stamps. You didn't know that did you?
They would still be poor and the food stamp limit would have to be raised Ass hat
Why would they still be poor? If the minimum wage was increased to 10.10, the price increase on goods would be pennies on the dollar. Not only that, but the boost to consumer spending would keep prices down.
FACTS!
In 1979
6,912,000 or 13.4% of all hourly workers worked at minimum wage
In 2009 there were 3,572,000 people working at minimum wage of the total work force of 72,897,959 at hourly wage or 4.9%
WHERE would the consumer boost in spending come from??? 3,572,200 people? BIG INCREASE in spending to do what? Prices down???
How dumb are you? When the supply of a product increases does that also follow an increase in prices?
For you economically shrift LIP...
You said boost spending keeps prices down...right?
Prices go up when the supply goes down. Called law of supply and demand.
So in your lame scenario more consumer spending means less supply which means....DUH prices go up not DOWN!