justoffal said:
The minimum wage subject is a difficult
one especially for anyone who works hourly
For a living.
It's probably impossible to quantify with any measure of accuracy the exact capabilities of the American economy. Suffice it to say that even the American economy has finite limits.
Sometimes the only way to find out is to try something and see how it works on the measure of what is present.
It would seem to make some sense however that if you decrease productivity per dollar you're going to stifle the ability of the employers and producers to create more jobs. Additionally you will create a smaller pool of qualified employees leaving the others to languish on unemployment.
Jo
Yes. It is a complex issue. Your last paragraph is one possibility, but it ignores the obvious. Corporations don't create jobs. Tax cuts for the wealthy never create jobs. Demand creates jobs. Typically, low/middle income earners create the most demand for goods/services.
If you put more money into the hands of these hourly workers, then they'll have more money to spend...thus creating jobs. We're at max employment right now, so I wouldn't worry about job losses if people start to earn a living wage.
We've tried everything else. Prob. time to try something that actually works.