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Originally Posted by classhandicapper
Raising the minimum wage DOES transfer "some" income into the hands of "some" workers which gives them more purchasing power that they can then spend on products and services.
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Which immediately brings up the question: where does that money come from?
The favorite lib answers are:
1. the employer was making excess profits and can afford to share them with his employees; and
2. the "additional" money now in the economy will increase demand and thus increase sales for that employer.
Anyone that has been in any management position in business knows that both those answers are totally unrealistic. Anyone that has run a small business knows that they are insane.
