[Big Thumper]

Originally Posted by Badgerbadger

Not really. In fact, it's the opposite.

First off, as demonstrated by the recent actions south of the border, corporations directed money towards buying back shares, rather than to increasing workers wages.

Second, corporations take money out of the local economy (profit going to shareholders who are not local).

Third, and to bring this back to increases in minimum wage, each dollar spent locally generates a multiplier effect where that dollar circulates generating local benefits.

Personally, i'd rather my community benefited from the education, infrastructure, health care, resources, etc. that attracted people who wanted to leverage those things for their own profit.

Buying back shares is not a bad thing. Its helps out the shareholders who are ordinary people like you and me, especially in the case of public corporations. People on the left complained when the USA companies used some money to do this yet the USA economy is now setting records and unemployment is at all time lows.