04-23-2021, 01:01 AM
A higher minimum wage makes getting employment makes marginal workersless likely to get work. On the other hand, abysmal wages also depress consumer demand Such is a consequence of supply-side economics that depends upon keeping as many people overworked and underpaid so that profits can be higher and that an economy might put more of its productivity into exports
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.