Why yes, Bill, those working class Americans living at the poverty level "won't spend all the money."  Just the other day I was in the 7-11 and the clerks were discussing which stocks they should buy or, perhaps, shelter all their extra income in a 401K.  

BTW: If you look at the actual history of communities which have raised the minimum wage you will see that the "fire a lot of people and businesses will close" scare tactic has been totally debunked.  Do a little research for yourself if you doubt it.

Gary Crum