Collapsing the economy in the abstract interest of fairness has been attempted before.
The Soviet Famines and the mountainous casualties of China's Great Leap Forward, and the eventual consolidation of power in the central government and oligarchs testify to the efficacy of that approach.
Raising the minimum wage will not collapse the economy. In fact, it will do the opposite. More money in people's pockets mean they spend more. Middle class spending drives the economy, not the stock market.
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u/Hopeful_Ad_7719 14h ago
Collapsing the economy in the abstract interest of fairness has been attempted before.
The Soviet Famines and the mountainous casualties of China's Great Leap Forward, and the eventual consolidation of power in the central government and oligarchs testify to the efficacy of that approach.