I live in Australia and $16 AUS is now on the exchange rate $17.29 US and we have a stable economy. Velocity of money is the term for money reentering the economy. Someone who earns minimum wage is likely to spend 100% of their money earned and inject it back into the local economy. A higher minimum wage is a good thing I cant stress that enough.
Brilliant post, thank you! ☁️🔥❤️
I live in Australia and $16 AUS is now on the exchange rate $17.29 US and we have a stable economy. Velocity of money is the term for money reentering the economy. Someone who earns minimum wage is likely to spend 100% of their money earned and inject it back into the local economy. A higher minimum wage is a good thing I cant stress that enough.