More money for the lowest wage employees means more consumer spending which encourages job growth. That’s been the pattern. It’s literally the opposite of the hysterical fears of the anti-labour propagandists like Tim.
This is not a minimum wage hike so can't be compared to any other minimum wage hikes. This is a wholesale income readjustment done for political reasons. And as I've already said this isn't a case of money being taken from the rich and given to the poor. It's money being taken from the poor, lower middle class, and middle class, and a bit from the rich, to give to the poor. That money coming from ordinary people, for the most part, was already in the economy, being spent on car payments and mortgages and dental work for the kids. It's not new money.
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