Does not add a penny to the economy
This is the "broken windows fallacy." It would not add any money to the economy, it just takes money from one place and gives it to someone else. Money that would have been used to invest in new equipment or hire more staff is reallocated to increase pay. There is no economic benefit.
Immediately related elementsHow this works
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The Global Financial Crisis »The Global Financial Crisis
How should the US and other governments respond? »How should the US and other governments respond?
Measures to alleviate the immediate symptoms? »Measures to alleviate the immediate symptoms?
Raise the federal minimum wage »Raise the federal minimum wage
Does not add a penny to the economy
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