Raising the Minimum Wage Is Good For the Economy
True or false: raising the minimum wage is bad for the economy.
False. While many opponents of raising the minimum wage would have you believe otherwise, the truth of the matter is that raising the minimum wage is good for the economy. So the next time you run into a critic of raising the minimum wage, here are three points to help you set the record straight.
In the past 30 years, Congress has only raised the minimum wage three times. The Rebuild America Act (S. 2252, H.R. 5727) would raise the federal minimum wage to $9.80 over three years – giving minimum wage workers their first raise since 2009, when the federal minimum wage reached its current rate of $7.25 per hour. Minimum wage workers need and deserve a raise – it’s time for Congress to act.
After all, don’t they understand the facts above? Raising the minimum wage is good for workers, women, and their families. And it’s good for the economy.
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