The idea that the economy would be just fine if there was no minimum wage, no wage to low, is mind boggling to me. Yet this is what we keeping hearing from corporate America, who continues to lament the federal wage law, oblivious to the idea of "discretionary money." In the olden days, they called it "blue money."
Knowing that our utility bills, insurance costs, cable bills, cell services and internet will continue to go through the roof, is it just short sightedness or just plain ideological blindness that keeps these business geniuses from not getting the big picture. People need money to be consumers, which in turn, creates demand. I know, if Americans can't buy whatever it is corporate America is selling, business can always set up shop in a developing country. But do we really have to let it get that far?
Here's just another "vilification" of big businesses best friend, the U.S. Chamber of Commerce:
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