Simple offer and demand. >People get more money >More buying power >Loss of value for your currency >Prices raise >Dollar goes down
>Enterprises must pay their employees more money >Either budget cuts or transition to workers that don't require as much money. (I.E. Going to India, replacing some workers with machines.)
In the end, it would fuck up your economy. What should be done to fix the "Muh, poor people can't live off the minimum wage" is create more social programs toward them, make the rules more strict to avoid leeches and there you go.
>>61073624 Ideally, people with more money consuming more, which in turn creates more jobs. Fewer people on food stamps and also paying taxes means everyone else gets a tax cut... or there's more government money for better things in society.
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