Study: A Minimum Wage Hike Would Stimulate The Economy

Study: A Minimum Wage Hike Would Stimulate The Economy: A federal minimum wage increase would likely benefit the U.S. economy, a new Chicago Fed Letter suggests. Daniel Aaronson and Eric French, economists at the Federal Reserve Bank of Chicago, provided an estimate of the effects on aggregate household spending of the $9 minimum wage Obama proposed in his 2013 State of the Union Address. [...]/p