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Raising the Minimum Wage Increases Employment

Raising the Minimum Wage Increases Employment

Increasing the minimum wage of 1.7 million low-wage workers to $15.00 per hour would increase US gross domestic product (GDP) by approximately $27.4 billion per year {=2080 Hrs./Yr. X ($15.00-$7.25) X 1,700,000}.

Ellis

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