Next time someone wants to argue why the minimum wage should not be $15 to $25 an hour

Next time someone wants to argue why the minimum wage should not be $15 to $25 an hour...

Yeah, $25 an hour.

What would happen?

The economy would expand for years and years.

A lot more income for people who do not have savings = a lot more spending in the economy.

Who loses?

Rich people who are bad at capturing new income streams.

Originally posted on Facebook on February 18, 2019.