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Think of the economy as a car that's burning oil. Raising the minimum wage is like adding a quart. It needs to be done to keep it going, but it doesn't change the fact that you need a complete overhaul. You'll just have to do it again later, and the problem only gets worse.
And correct me if I'm wrong...the longer you put off the overhaul, the more expensive it is and you still had to pay for the extra oil. It doesn't correct the problem and ends up costing more.
If I'm not missing something, that is 21 BILLION DOLLARS. Where exactly is that money coming from?
reply to post by xuenchen
Unions, jobs, and wages will be at the forefront of everything this year. Unions will swell and become strong. There will be scandals to discredit them and shut them down. Verbally you will hear of a push to increase wages . The reality is wages will drop significantly. US wages will drop due to imigration. Australian wages will drop to compete with work for the dole. More jobs will off shore with the TPP. By November both Countries will both have Australian and American Springs. Violence is comming.