Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: DD™ who wrote (7866)	9/10/1998 11:54:00 PM
From: sea_biscuit	Read Replies (1) of 42834

My point was that the increased minimum-wage didn't derail the economy, which was the bogeyman that those who were opposing the increase were bandying about. Most minimum-wage (and near minimum-wage) earners spend almost all their earnings and are left with very little to save/invest. So there can be little doubt about how much their spending contributed to the robustness of the economy. It is only those who earn much higher than minimum-wage who have disposable income to throw into the stock-market (some of whom are stupid enough to believe that they can get out when a bear-market looms and get back in time for the bull run ;-) ) Dipy.

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