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Citation needed. I can find plenty of studies that show it doesn’t. [0] Raising wages at the bottom doesn’t increase prices across the board, and so this benefi
by LadyCailin 5y ago
Citation needed. I can find plenty of studies that show it doesn’t. [0] Raising wages at the bottom doesn’t increase prices across the board, and so this benefits folks at the lower end more than it hurts.
[0]: https://www.jstor.org/stable/41445397 https://www.jstor.org/stable/41445397
- mirkules 5y agoFrom the Congressional Budget Office: https://www.cbo.gov/system/files/2021-02/56975-Minimum-Wage.pdf https://www.cbo.gov/system/files/2021-02/56975-Minimum-Wage.... The second point, in the first paragraph: > Higher prices for goods and services—stemming from the higher wages of workers paid at or near the minimum wage, such as those providing long-term health care—would contribute to increases in federal spending. The whole thing is an interesting read, actually