A question concerning economics & minimum wage

[sabvre42]

JRPGfan said:

fatslob-:O said:

You shouldn't increase minimum wage because that will lower productivity since an employee salary's are an expense ...

Less employees = Less done ...

It also doesn't make sense to increase minimum wages where the cost of living is lower too ...

The vast majority of buying power, is with the lower to middle class.

If you can move money into the lower classes hands, they will spend more => more sales (more than makes up for higher expenses of salary).

Society is healthier, less crime, more people that "own" stuff and are happier.

 

Except a higher minimum wage actually significantly hurts the middle class.