re: #88 erik_t

Worker pay at the bottom of the rung has an incredibly nonlinear effect on the economy.

How so. Agreed it is non-linear to the person but the 13B quoted is simply cash. It comes from one source to another. Either businesses eat it in margin, or stockholders eat it in dividends, or consumers eat it in higher prices. And BTW if EVERY person getting a minimum wage increase worked for Walmart, it would still only represent only 2% of Walmart’s Gross Revenue (446B in 2012)