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Politics : Mainstream Politics and Economics
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To: Wharf Rat who wrote (38996)2/13/2013 8:25:24 AM
From: TimF  Read Replies (1) of 85487
 
Sure if someone is at minimum wage before and after, they have a higher income after the increase, and they will spend more. But people who lose their jobs, or never get jobs, because of the higher minimum wage won't.

Also its a bit odd to represent economic well being of the individual, and/or how healthy something is for the economy as a whole, just by spending levels. In this case the higher income is good for the individual whether or not they spend it. As for the economy as a whole extra spending isn't always helpful, and other things that can be done with the money can be healthy.
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