There’s a new push in Congress to raise the federal minimum wage to $17 per hour. Here’s why workers and economists say higher pay is crucial.
voted with Republicans against waiving the objection, which would have allowed the federal minimum wage increase to be included in the package.released that year found the plan to raise the minimum wage would prompt the loss of 1.4 million jobs, though it would lift 900,000 people out of poverty.
"We're not increasing the cost of business," Sanders said last week, noting that letting workers earn a living wage will help them spend more, which will help businesses. Rising inequality means income has shifted away from low- and middle-income workers who are more likely to spend it, she said.
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