Increase fast food wages?

[Carnage]

thats one outcome

another (positive) one would be:

increased propensity to consume -> increase in sales -> more investions to satisfy demand -> more jobs

Although you're right Animeniax's is just one outcome, your rosy picture is probably unlikely.

If GDP = C + I + G (+Net Exports), increasing the number of McDonalds jobs by taking money away from Corporate profits increases C while proportionately decreasing I. Money isn't going towards job that produce innovation or improvement, its being siphoned from just that (I) into the act of producing more of the same quality shitty food (C).

So although there's more production an people have jobs, the rate of economic improvement will decline and the standard of living will remain the same / improve at an even slower pace. It all basically boils down to fast food employees having worthless skills and not contributing anything of much importance.

It's not entirely their fault, the education system should be better to encourage people and produce more productive occupations. At the same time, people are too stupid to vote in a government that actually serves their interests, so I guess the fault again does rest on the people.

[Animeniax]

Although you're right Animeniax's is just one outcome, your rosy picture is probably unlikely.

If GDP = C + I + G (+Net Exports), increasing the number of McDonalds jobs by taking money away from Corporate profits increases C while proportionately decreasing I. Money isn't going towards job that produce innovation or improvement, its being siphoned from just that (I) into the act of producing more of the same quality shitty food (C).

So although there's more production an people have jobs, the rate of economic improvement will decline and the standard of living will remain the same / improve at an even slower pace. It all basically boils down to fast food employees having worthless skills and not contributing anything of much importance.

It's not entirely their fault, the education system should be better to encourage people and produce more productive occupations. At the same time, people are too stupid to vote in a government that actually serves their interests, so I guess the fault again does rest on the people.

I think he's saying that the benefit will be these workers will spend the additional money they receive, which in turn will improve sales for other businesses. This additional consumption will help the economy and offset loss of I(nvestment) from the higher wages the fast food companies have to pay. It's something I didn't factor in, but my main point is still the philosophical quandary of paying people more for doing the same shit job.