See this article on Nick Hanauer, who thinks it should be $15 hourly.
"Dramatically raising workers’ wages, Hanauer argues, won’t lead to fewer
jobs, as his opponents claim. It will lead to more jobs, because
workers who have more money will create demand for more products and
services, thereby creating a 'positive feedback loop' of prosperity. He
and Liu call their theory 'middle-out economics,' a term President Obama
began using during his 2012 campaign, juxtaposing it with the 'trickle-down' ideas of the right. In this, they are appealing to the
self-interest, rather than the charitable sense, of the rich. 'It is not
a case based on niceness and compassion; it is a case based on
winning,' Liu told me."
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