Grant Piper, the people previously making less would be delighted, and those previously making more would be pissed.
All Americans would benefit from increased economic mobility. New data (The Economist this week) suggests that income disparity, contrary to popular opinion, has decreased in the last 10-15 years.
We prioritize creating jobs instead of destroying these counterproductive and economy-sapping activities. An American steelworker job costs almost $1M dollars annually, and those new chip jobs are estimated at $6M a piece before paying the people (in an industry that will NEVER make a profit).
Many thanks. Best to you.