Economy

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Who benefits from a higher minimum wage? (programming.dev)

submitted 4 months ago by federino@programming.dev to c/economy@lemmy.world

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[–] unmagical@lemmy.ml 48 points 4 months ago (1 children)

Everyone benefits from a higher minimum wage. When people make enough to spend they actually spend it. That is what actually keeps an economy healthy and more people that make above minimum wage employed.

[–] Rookwood@lemmy.world 25 points 4 months ago* (last edited 4 months ago)

Right. The way you know modern economics is for the most part a sham is its complete silence on allowing dragon's to hoard mountains of wealth and the damage this does to an economy.