The relationship (click here) between price and quantity demanded is the starting point for building a model of consumer behaviour. Measuring the relationship between price and quantity demanded provides information which is used to create a demand schedule, from which a demand curve can be derived. Once a demand curve has been created, other determinants can be added to the model.
These are all interesting factors for supply and demand concepts, but, if income to the largest consumer class (In the USA it is the Middle Class.) is lacking the entire scheme up to invention will fail.
The Working Poor has incomes that make ends meet, but, they have no disposable income. They rely on charity for clothing, holiday gifts and sometimes subsistence costs. There are charity organizations that will pay utility costs for impoverished families, but, they do so only when the family is facing a shutoff of their utilities. That is something the Working Poor wants to avoid. They definiting want to avoid adverse credit reporting. They want to expand their potential to their low earnings to faciliate modest vacations and their children's birthday gifts.
When the working poor is permanent in a culture it is because they are invisible to law makers. That is typical of the Republicans. The Republicans only see their cronies and their next election.
The employees of any company when they fall below the poverty line will become dependents of the government even if they are working. The USA welfare program was changed to have people be less dependent and earning in the work place. That has been a failure as well. Even when the poor work they do not earn enough to move out of impoverishment permanently.
The overtime potential was a real way of providing employers with a work force willing to work those extra hours and even seeking them out while allowing impoverished citizens a real chance to reach for the American Dream of home ownership.
The damage done by this judge is profound and expands the sheer desire to work. This judge has trapped children into a subsistence working poor and will not learn the rewards of work in upward movement through a society that thrives on ambition.
The minimum wage has to be raised to remove the working poor permanently from the federal budget. The Republicans increase the debt by allowing oppression of the working poor. The states can accomplish the minimum wage and increase the demand for housing market. I strongly suggest the states examine their economy and where to increase the demand; I think they will find their working poor still struggling and unable to increase major purchases of new cars and home ownership.
MOVE THESE PEOPLE OUT OF IMPOVERISHMENT AND END THE EVER INCREASING NATIONAL DEBT. Simply removing food stamps and welfare is not the answer for these people. THEY ARE NOT LAZY. THEY ARE NOT AT ALL LAZY. They are permanently oppressed and failing to achieve as their birthright promised them and their chldren.
There are real reasons why the majority of the working poor are in the south and in Red States!