P_P@lemm.ee to politics @lemmy.worldEnglish · 7 days agoElection 2024: Kamala Harris on NBC vows to double federal minimum wage to $15www.telegraph.co.ukexternal-linkmessage-square97fedilinkarrow-up1453arrow-down18
arrow-up1445arrow-down1external-linkElection 2024: Kamala Harris on NBC vows to double federal minimum wage to $15www.telegraph.co.ukP_P@lemm.ee to politics @lemmy.worldEnglish · 7 days agomessage-square97fedilink
minus-squareP_P@lemm.eeOPlinkfedilinkEnglisharrow-up12·7 days agoEconomies work from the bottom up and never the top down. The more money people have, the more money they can spend, and thus the more goods and services they can buy, and thus the more demand there is, and thus the more supply there will be.
minus-squareThebeardedsinglemalt@lemmy.worldlinkfedilinkarrow-up7·7 days agoThis has been my argument for years. If you want a strong economy have a strong middle class…they’re the ones with the disposable income.
Economies work from the bottom up and never the top down. The more money people have, the more money they can spend, and thus the more goods and services they can buy, and thus the more demand there is, and thus the more supply there will be.
This has been my argument for years. If you want a strong economy have a strong middle class…they’re the ones with the disposable income.