Notes on a Theory…

Thoughts on politics, law, & social science

3 Responses

Subscribe to comments with RSS.

  1. Thank You…

    F Michael Addams

    February 15, 2013 at 10:31 am

  2. This is an admirable, decent statement but it was spoken 80 years ago when small to medium businesses could afford to pay “decent living wages” and a waiter could raise a family on a single income. That’s not the case any more. So now what?

    Ian F

    February 15, 2013 at 11:53 am

    • Ian, I’m not sure what you mean. I think during the Great Depression businesses had it considerably worse than they do now (which isn’t to suggest things aren’t tough now, just not as bad as then.) Then as now, the problem is the same – lack of customers, i.e. low demand. Putting more money in the hands of consumers, especially those at the bottom, increases demand. If your concern is that a waiter can’t raise a family on a single income, a living wage is a solution to that problem.

      David Kaib

      February 15, 2013 at 12:33 pm

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: