This article was published by The McAlvany Intelligence Advisor on Monday, February 20, 2017:
The promise is that by requiring businesses to pay their employees $15 an hour, the net result is that everyone will live better. The low-paid people will have more money to spend, the upward “ripple” effect on other higher-paid people in the organization will also have more money to spend, the economy will grow, there will be more jobs hiring people who will then have more money to spend, and so on into the woodwork.
This was the claim by that “poverty” expert, former Senator Teddy Kennedy whose family’s wealth extended backwards for generations, who said that
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