When more people are able to purchase things, more than just food and shelter, the economy grows. 1986, 2008 and now are glaring examples of the failure of, “supply side,” economics.
In order to kick-start economic growth we need a $15 an hour minimum wage now. Student debt forgiven asap. The, “tipped, minimal, wage,” needs to end in favor of $15 an hour; tips can be shared, if they're still given, once formerly tipped employees are earning a living wage.
The naysayers argue that jobs will disappear, and some will, but they are the second and third jobs working folks need to live indoors and eat these days.
Regions of the USA, where wages have risen well above the current minimum, have experienced overarching economic growth.
By 2025 the minimum wage should grow to $25 an hour to support even greater economic participation and growth. The wage can be linked to productivity growth or inflation, which ever is greatest, afterward.
The ability of employers to use, “contract,” labor, to avoid the costs associated with employees, should be limited by a well enforced, regulatory environment.
If a business can not afford living wages and benefits for employees they should not have employees. The business that wants the growth associated with more customers, without the cost of employees, are destined to, and ultimately will, fail.
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