05-01-2014, 04:04 PM
Back of the napkin math:
$142 million represents a $3 raise an hour raise for 22,756 full-time employees for a full year. That $3 multiplies to $6,240 annually.
Invested at 8% return in the market, that same $142 million yields interest equivalent to $500 per each one of those 22,756 employees.
Which use has a greater net positive effect on the economy?
$142 million represents a $3 raise an hour raise for 22,756 full-time employees for a full year. That $3 multiplies to $6,240 annually.
Invested at 8% return in the market, that same $142 million yields interest equivalent to $500 per each one of those 22,756 employees.
Which use has a greater net positive effect on the economy?