Quote:
Originally Posted by beerptrol
If you give the working poor on up 500 dollars a month. That money will be spent paying bills, buying food, or buying goods and services. It will go back into the economy and not into buying back stocks, politicians, or just sitting in some account
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That is what people will assume but what actually happens is the cost of living goes up over night. Food costs, gas prices, rent all go up right away.
Don't believe me? 28% raises for min wage workers in ontario in the last year and it's already happening. Not even a year in...
and that is just a wage hike...