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01-04-2007, 01:54 PM
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#11 |
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Playmaker
Join Date: Jan 2006
Location: Roanoke, VA
Posts: 3,508
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Re: Tiered minimum wage?
One could make a (weak) argument that a person earning more is happier and thus production increases. An increase in production yields greater output which could lower consumer costs.
Also, the people now earning more money have more spending power on luxury items (cars, electronics, etc) which increases overall revenue.
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