Study: Minimum Wage Hike Boosts GDP $22 Billion

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Raising the minimum wage to $10.10 an hour by 2016 would increases wages by $35 billion, and the resulting increase in consumer spending would mean a GDP boost of $22.1 billion, which would support about 85,000 new jobs, according to an analysis by the Economic Policy Institute…

Read More At:
http://thinkprogress.org/economy/2013/12/19/3091141/minimum-wage-gdp-jobs/

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