Do you not understand the difference between growth and rate of growth?
Did the USA and/or Australia have a recession during the GFC? Which country has a significantly higher hourly minimum rate?
That does not answer my question. Well, unless the answer is no, that is.
Australia 42,000 ranked 10th
US 51,700 ranked 5th
Don’t think it can’t happen to the US:
Free City of Danzig 1922-1923
Israel 1970-1971 Japan 1948-1951
Russia 1921-1922 and 1992-1999
United States 1861-1865
Our entire GDP could not fund the interest on the debt. Every second the US governemnt goes an additional 500 Million dollars in debt.
I well remember Reagan & that era. I know how the press treated him, almost every single thing they said about Trump they said about Reagan, including wanting to put him in jail.
They Hated his guts, & treated Carter like he was just great, like they are with Biden right now, including ignoring Carter & Biden’s complete incompetency & economic stupidity. They will follow Biden strait into total meltdown all the while talking about how intellectual & wonderful he is, how wonderful his policies, & how wonderful his far leftist insanity is, even after it becomes obvious it’s hurting us all.
NOW it seems the democrats are going for broke, that is, national bankruptcy!
ANOTHER 6 TRILLION PRINTED?
Better become a prepper, you are going to NEED it…
Doesn’t really have an answer…
Huh, looks like the Democrats are giving us a trashed economy…
What is the relevance of the 91% white population in this conversation?
A higher minimum wage would be stimulative to the economy as love wage workers save virtually nothing. All those wages would be poured back into our economy.
A point intentionally missed/ignored by conservatives. They like to say tax cuts to the very richest and corporations will boost the economy and create more jobs.
Is there any evidence that’s true?
No it is not true.
What is true, it is possible to have a period (20+ years) of extended economic growth with a higher minimum hourly rate.
What does that have to do with the democrats printing trillions till we get hyperinflation?