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I am member of a very powerful think tank that influences governments

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I am member of a very powerful think tank that influences governments around the world.

Give me ONE good reason why I shouldn't recommend completely scrapping the minimum wage to put into action next year.

So far the minimum wage has been terrible for my clients because it has hit their profit margins. Low profit margins = low economic growth.

You may now begin your arguments.
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I am a billionaire I made money by selling farts in a can on eBay haha look at me post Mom
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>>1589521
>Low profit margins = low economic growth

Did you blow in from stupid town or what?

Economic growth is consumer spending + government spending + business investments. Low profit margins has nothing to do with growth. Corporate profit margins are at an all time high and the stock market is in a long bull market, yet the economic growth is very small. Companies are sitting on more cash than they ever have before. They aren't investing it. They aren't investing, they aren't growing the economy. They're too greedy and risk averse. Wages are also at an all time low. Companies are paying employees less than they ever have as a share of GDP. The less consumers make, the less they have to spend, starving the rest of the economy of revenue growth. Fewer Americans are employed than at any time in the past three decades, because of what corporations call "efficiency" leading to less consumers, less consumer spending, and less economic growth.

In short, the obsession of high profit margins does nothing but slow the economy.
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>>1589521
Hey look its this thread again
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>>1589521
>Low profit margins = low economic growth

kek
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>>1589530
This
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>>1589521
>I am member of a very powerful think tank that influences governments around the world.

Yeah I work for stratfor as well nigga, it is the mcdonalds of think thanks.
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>>1589521
Fuck off.
>>
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