Career Calling

January 3, 2015

The Impact of Raising the Minimum Wage

 

Ellyn Fortino of Progress Illinois reports on how many people would be impacted by a raise in the federal minimum wage. An increase to $10.10 an hour would raise the wages of 25 million people in the U.S. While many critics claim that most of the people receiving minimum wage are teens who live at home, the majority of low wage workers are their family’s main source of income. Fortino also cites a 2014 study by Goldman Sachs that debunks the claim that raising the minimum wage is a job killer. Hopefully 2015 will be the year when the federal and state both see an increase in the minimum wage.

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