People who don't make money don't spend money. If low wage people got more money they would spend it. Remember Ford said he wanted to pay his employees enough to by his cars. People who have a good job will not stop going to McDonald's because they have to pay alittle more for the food due to workers making alittle more money. Also if people are poor they get food stamps so we end up paying for them anyway and companies get the profits and we pay to help their employees make ends meet. Our economy is a big swindle perpetrated by the fat cats who run it to their advantage.
Do you realize that increased spending is directly tied to inflation? The increased minimum wage only provides the semblance of an increased standard of living as the inflation it causes reduces the buying power to what it was pre-raise. This then adversely affects the buying power for all and so the poor ( the masses) keep the same standard of living but are lulled into thinking that they are in a better place and the middle class is now paying more and enjoying a decreased standard of living. How is that course of action helpful?
Basic economics and ever so frustrating as I hate to see under-educated people basically opiated into blindly believing what the media and the government wants them to believe. Smoke and mirrors essentially. The semblance of doing good without any good actually being done.