this post was submitted on 01 Dec 2024
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Late Stage Capitalism
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Raise the minimum wage and enforce it aggressively. All the negative side effects of undocumented workers disappear immediately.
A fairly-compensated working class has disposable income to invigorate the economy. That’s how the post-WW2 Pax Americana worked. A rising middle class fixes every late stage capitalism economic problem.
100%
It's the wealthy who stagnate the economy. Give cash to the poor, that cash goes immediately back into goods and services, ie higher cash velocity.
Give cash to the wealthy, they throw it on their hoard and have the money "work" for them.
Guess money can only work as hard as the working class does.
Yes. Raise minimum wage. $20 isn't too much, even in Kansas or wherever.