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Realistically, GDP has grown substantially with the owners receiving nearly all the benefits.

Raising the minimum wage is unlikely to affect employment much because of just how profitable companies are today

Mind you I think a better tslternative to a specific minimum wage is to have a guaranteed government job at a specific wage. That sets a bar that all labourers have an option, while some lower paying jobs can still exist if they're otherwise competitive in other experiences




Corporate profits as a fraction of GDP hasn't changed much.


Just remember that very sane corporation in the US does their very best to realize their profits outside of the US.




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