Seattle has an unemployment rate of 2%. Generally, more money in the hands of more (labor class) workers means more business. The rich spend a small portion of their income while the poor spend all of it and then some. As a nation, our moments of greatest prosperity followed minimum wage increases.
Obviously, adjustments have to be made and businesses are going to be allotting more of their income to worker wages than profits to start with - but increased revenue due to increased traffic means that smaller profit percentage can mean more profit overall as the market grows with the injection of wealth into the nations biggest spenders (working class).
Retro Tech Select - My Youtube channel. Covers throwback consumer electronics with a focus on "vid'ya games."
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