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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (761908)	1/6/2014 9:24:15 PM
From: neolib	Read Replies (2) \| Respond to of 1573691

Assuming the same total wealth luxury assets will cost more with more wealth concentration. Not only that, but there becomes a shift from production of products which appeal to the larger market to more and more products which appeal to a very small market with high disposable income. There is a very different impact on the economy from producing hand made $1B yachts vs $100 smartphones. I live in rural Oregon, which boosted the minimum wage quite significantly (we were the highest in the USA for awhile but WA might be now), and there has been a very dramatic change in the local economy due to the fact that the quite large Ag work force has now become a very significant consumer society. The change over the last decade has been very significant: Housing, auto, retail, restaurants, etc. At the same time, those employing labor don't seem to have suffered at all (and I'm one who does).