While it is an effective way to reduce poverty in the short term, it is not the most effective and it is not good for those in poverty in the long term.CHEESE is the most effective way to stem poverty.
You make it sound like higher wages for the Working Class is a BAD thing.While it is an effective way to reduce poverty in the short term, it is not the most effective and it is not good for those in poverty in the long term.
A more effective way to reduce poverty would be to give all the stimulus money to those in poverty instead of every citizen earning less than $100k/yr. An even more effective way to reduce poverty is to encourage hiring of those in poverty by creating incentives for employers and employees. Employers could be given tax breaks based on the number of man-hours of hiring low skill/low pay workers. Low paid employees could be given tax credits (supplemental income) based on the number of hours worked. This would increase the supply of labor, reduce supply chain shortages, and keeps costs in check (lower inflation). But its easier to get votes from the public by giving immediate cheese rather than incentives to work.
A long term effect of increasing the money supply is inflation. Inflation is a hidden tax that effects the poor to a greater degree than the rich. The rich have more discretionary income which allows more investments than the poor. The investments tend to increase with inflation. The poor have a greater percentage of their paycheck devoted to necessities.
Cheese also reduces the incentive to work, causing a labor shortage, especially among low paid jobs. Wages will increase for low paid jobs but that also increases the cost of goods sold, especially among places that hire low wage earners (fast foods, Walmart, Amazon, etc.). These are the same places that low wager earners shop.
The lack of labor will also cause a supply shortage. Steady demand with decreased supply means increased price (inflation).
Increased prices leads to increased wages which leads to increased prices which leads to increased wages ... Its a nasty spiral with many negative side effects. There is no free lunch.
Increasing costs is a bad for businesses and consumers. Business hires workers. Business drives the economy. Without thriving businesses we become farmers and hunters.You make it sound like higher wages for the Working Class is a BAD thing.
Why don't you retire already? You are obsessed with welfare.
The logical conclusion here is that CHEESE is the most effective way to stem poverty.
It's worked miracles here in California.The logical conclusion here is that CHEESE is the most effective way to stem poverty.
CA attracts homeless people because they can sleep outside year round.It's worked miracles here in California.
California has the highest poverty level of all states in the US, according to US Census Bureau dataAlthough government programs helped to keep many afloat in 2020, Californians still struggled to stay out of poverty.www.businessinsider.com