Quote:
Originally Posted by iggy_oi
I guess all the money patrons were spending at that restaurant(or any business) that closed down will simply go under their mattress. There's no chance they would spend that money at other businesses. Since there's no chance of that, then by default there would be no chance of those other businesses seeing growth and creating new jobs. No chance any of that happens at all. I guess the only thing we know for certain is that raising the minimum wage can't possibly have good benefits that outweigh the bad.
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Again, for the theory to work, for minimum wage to actually improve the economy as you say it will, you have to have a strong and improving economy in the first place. The results from Seattle are not great and their economy is booming. Ours is far weaker right now. That means we're starting with fewer people willing to spend more.