Quote:
Originally Posted by pnwmdk
So, if consumer demand remains the same, what was the purpose of higher wages?
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consumer demand is low now. One reason its low is that wages have stagnated. The purpose of higher wages is to raise the standard of living, to lower crime rates, to stimulate the economy. Geez, I could go on and on why its good for society for full time workers to be making higher wages than they are now. Don't you realize that the min wage was higher in the past?
You don't seem to know anything about economics and you come in to this thread with the authority like you do.