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Originally Posted by Dr. Eugene Felikson

Also isn't what's good for the economy and large corporations not necessarily good for the lower class? What about wage stagnation?

too many things to reply to but you're not a simpleton haaa ha haa. but maybe you've been indoctrinated by commies. it happens. happened to me too once upon a time.

lemme see.. here's some of the answer.

what is "wage stagnation"?

whatever it might be, it can't be fixed by raising wages by decree.

see, a business has a budget for wages. if they're forced to pay higher wages they'll reduce the number of employees, or maybe buy robots, or maybe outsource that part of the production to someone who can do it cheaper than in-house.

now you have higher wages but more unemployment. and the taxes from the remaining workers and the business and the shareholders have to pay for the unemployment.

remember that businesses are in competition with each other. in order to serve their customers they want to produce the best and the most for the lowest cost. that means making the best out of their work force. any business that's throwing money out the window gets eaten by the competition. then their workers are out in the street with nowhere to go (maybe they go work for the competition eventually). if they pay too little, workers will choose to go work elsewhere, they won't be able to produce reliably, or with good quality, and lose again.

running a business is not an easy thing. profits are not guaranteed. a lot of businesses go under and the owners lose their shirts in the process.

"the poor" are better off in a good economy. when the economy takes a shit the first thing that gets cut is help for the poor, services, etc. even if it's not cut, by having more poor people in a bad economy there is less assistance to go around. the rich, on the other hand, can ride out a bad economy no problem.

large corporations: the biggest owner of large corporations are not "the rich" but OLD PEOPLE. pensions funds, 401(k), IRAs. when their stock takes a shit, guess who suffers? grandma, who saved and scrimped to have something for her old age. walter white, who was supposed to receive a teacher's pension. walter junior... etc.

https://www.businessinsider.com/who-...-market-2016-5

those old people include you of course, in the future, if you're socking money away and investing. don't count on social security to save your ass. unless you can live on dog chow.