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11/19/2017
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If the minimum wage were to go up... - If the minimum wage were to go up, it has been found to create more jobs, and create more spending in the economy.When low-wage workers get a raise they usually spent it rather than stock it away in a mutual fund. In many cases, they will spend the money in the same places that hire a lot of low-wage workers: They spend it in fast food restaurants and low-end retail chain stores which account for many of America’s minimum wage jobs. So these stores get more business, which offsets much of what they lose by paying higher wages.
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