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    timmy
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    11-01-2013
    hey jon if consuming is good for the economy, then would you say raising the minimum wage would create more consumption?
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    jon
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    11-01-2013
    Quote Originally Posted by cbarry View Post
    hey jon if consuming is good for the economy, then would you say raising the minimum wage would create more consumption?
    consuming is not good for the economy, that is not a sensible statement

    no, it doesn't, and it wouldn't matter if consuming were good or bad, if you break the price-setting function on labor, the consequences are always the same
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