The Republicans always take the stand that raising the minimum wage increases the cost of doing business. Correct. The Democrats always focus and rightfully so on the American Dream. The Republicans are profit takers and focus on the Financial Sector. They are depriving the stockholder of greater profits.
Example:
John Doe wants to purchase his child a new bike but he hasn’t been able to because his family makes ends meet and live from paycheck to paycheck. There is no savings on $7.50 per hour. The bike John Doe wants to purchase will never be bought and won’t be made. Ever. His child will never know the joy of a new bike and the activity in his young life that bike brings.
A new federal policy is passed raising the minimum wage to $15.00 per hour over the next five years. Since Jane Doe also works for minimum wage when the new law kicks in they will no longer live for subsistence paycheck to paycheck they will have disposable income.
Young Child Doe can now look forward to a new bike for his birthday. That increased wage is the American Dream. In five years the Does will expand their buying capacity in the American economy. Multiple that by millions of Americans and that is called REAL GROWTH and not based in the number of newborns that year.
New bikes will be built, new cars will be financed, demand will increase and the profit to shareholders will be spread across a larger base of product production, but, there will be profit as the company now sells millions more new bikes with a smaller profit margin for each bike. Shareholders will experience greater payments.
There is a reason that Republican Trickle Down economies are bad for America. If the truth be known Trickle Down creates a two class system, the poor and the rich, just like every other Third World economy. Republican Trickle Down places the USA in the class of Third World Countries rather in the class where our allies exist.
