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SvennoJ on 04 February 2016
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Locknuts said:
SvennoJ said:

But is this the case in Australia as well?

A majority of food-stamp families with an able-bodied adult do work, and more than 60% of such families work when they have children. They just don’t get paid enough to feed their families. SNAP is therefore principally a program to subsidize cheapskate employers like Walmart that don’t give employees enough salary to live on.
http://www.msnbc.com/msnbc/whos-dependent-food-stamps

Sure, expenses for employer's increase. Yet it's money that gets spend again. Isn't that better for the economy than high bonusses for the people at the top. I'm no expert either though. Nowadays it seems debt rather than money makes the world go round.

Ah but up until recently, a lot of money has been leaving the economy as people can buy goods from cheaper markets overseas online (I'm Australian).

Only the Aussie dollar being driven down and the subsequent exchange rate differences have allowed money to remain in Australia for the most part.

So in effect, raising minimum wage -> causes inflation -> lowers exchange rate -> more money remains in (and gets into) the country -> profit?