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by agent_turtle 326 days ago
You view this as zero sum. How many new business owners would be created if people had enough to save? How many new businesses would exist if more money was flowing in the economy? Should businesses exist if they can't pay livable wages?

These aren't hypothetical questions. We have an answer for them all over the country where state minimum wages are rising in Democratic states.

1 comments

Is the answer a good one? https://www.nber.org/papers/w34033
yeah, actually. If the worst thing you can find when paying living wages for workers is a small drop of 2.7% employment among fast food chains, that sounds like a great trade off.

Seriously, do some introspection here.