How would paying workers higher wages, which would afford them "greater leisure time," lead them to spend more money, thereby profiting society as a whole?

Paying workers higher wages would cause them to spend more money, because they will most likely feel more obligated to buy more things because they have the money to do so. So it would profit society as a whole, because that would mean, people are buying more, because of being payed more, and then people work more, and what is being bought will be made more of which is the product of working more to get paid more so that would restart the whole cycle.

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adefioyelaoye adefioyelaoye · Answer 2 · 2021-10-26T12:54:16+02:00

Answer

Paying workers higher wages would afford them "greater leisure time," lead them to spend more money, thereby profiting society as a whole.

This is the honest truth as the payment of workers with more money will help them access more places, things and people.

For example , if a person has enough cash, he may decide to go to a restaurant with his friends and family to eat hereby benefiting the restaurant owners and workers and also their own individual families.

This however causes a ripple effect on the economy as business owners don't have to worry about losses or wastage as a result of low patronage.

This also ensures that the flow of cash is high in the country which helps to strengthen the economy also and hereby helps the government to provide more basic amenities for the people.

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