Well, that is I would say total baloney. And the reason it’s baloney, Chris, is because number one, raising wages is a good thing. One of the big problems in the American economy is that for the past 40 years, wages have the median worker, right in the middle, have hardly grown at all, adjusted for inflation for 40 years, even though the economy is twice as large as it was.
Robert Reich argues against the idea that raising wages is detrimental to the economy, highlighting the stagnation of median wages over the past 40 years.
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