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[–]EndlessSunflowers[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

Another great way to say it:

"A rising tide lifts all boats"

Only shitty people want to hold others down...
But I know, I know, if The People have the power then it's SOCIALISM!!! lol
A lot of dumb fucks would rather see all the power in the hands of the banks and politicians and CEOs

[–]GConly 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

"A rising tide lifts all boats"

A rising minimum wage lifts all production costs.

It's put a shit load of people out of work and closed a lot of small businesses.

It's literally works on behalf of very large corporations, because they can afford initial mechanisation costs to lower employee numbers, or they can move jobs abroad.

Small businesses go tits up, because their profit margins are razor thin and they have no capital to invest in labour saving devices.

I remember a guy who worked for a company that looked at ways to automate labour. Said they cheered every time a minimum wage increase happened.

[–]Druullus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Print more fiat money?