I would like to conduct a study on the impacted of raising incomes on the economy?

Question

rasing incomes every year, inflaiting to cover those expenses related to income increises. til life's expenses are less than 50% of a 32. hour week at the lowes levels how much more money would go into an economy.

Answer 1

All, because one will eliminate the other.

Answer 2

I am curious to know where you think this rising of incomes would come from.  I would LOVE to have someone to raise my income so I would have 50% left over.  My income is subject to what I do....I don't know about you.  Good luck.

Answer 3

Why don't you go back in history and just recall what the impact of inflation was in the 1970s.

Answer 4

Sorry, but it's not going to work.  If everybody gets more income without increasing productivity, then the prices of essentials will be bid up.  The demand will increase, but the supply will stay the same.  We'll be right back where we started.  The only way to increase real incomes is to increase productivity, ie the amount of stuff we make.