Who would be affected by President Obama’s proposed minimum wage increase? | Economic Policy Institute
"The minimum wage increase will not only help struggling families make ends meet in a difficult economic environment, it will also spur economic growth. Low- to middle-income individuals have a higher “marginal propensity to consume” than high earners, meaning they are more likely to immediately spend any additional pay than other income groups. This will further boost consumption and GDP, which is especially important given that weak consumer demand is the primary constraint in this slow and fragile recovery."
