this post was submitted on 08 Oct 2024
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Australia: "Our society has dealt with significant advances in technology and productivity before and the lesson is that those gains must be reflected in wages, or the social contract will break" (www.ragtrader.com.au)
submitted 1 month ago by [email protected] to c/[email protected]
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[–] [email protected] 10 points 1 month ago

Low paid workers have demands put on the scarce resource that is wages. If the wages go up, they spend that money in ways that increase productivity.

  • THIS!!

Seriously giving poor people more money does more for the economy than any tax cut.