Raising the minimum wage is good for the economy. I know that's not what they're reporting on CNN but it's the truth. When millionaires get more money it doesn't get spent. They are already spending as they please and any extra income is used solely to pad their savings accounts. When a person is attempting to live on a minimum wage income they are constantly having to make choices. Choices like, "Should I buy food or pay my electricity bill?". The only things they spend money on are things they absolutely need so they are not buying Playstations, or flower pots, or anything outside of food, water, and housing if they are lucky. If these people were to get a wage increase they would spend it all. It would probably take them years to catch up in buying all of the things they have lived without for so long. Suddenly they can replace their old broken cell phone and buy a car that actually has air conditioning. They can go coffee shops and eat out. Their increased income would generate income for the entire community.
All of that is really irrelevant. It's about humanity. No one should work forty hours a week and not be able to afford to live. Thirty years ago my father worked as a shoe salesman and was able to not only pay his bills but his wife was able to stay home. That no longer exists. It's nearly impossible to be able to afford for one parent to stay home. Many families can't even afford two cars. Profits have skyrocketed, as have prices, but wages have stayed the same or in some cases they have even lowered. Low wages effect everyone, not just the people who receive them. For every Walmart employee making $8.00 an hour there is a median income taxpayer funding their food stamps. Meanwhile, Walmart executives are making millions, in some cases billions. I think they could easily afford to pay their employees better instead of relying on middle america to make up the difference in tax dollars.
Class warfare is real.
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