Friday, October 17, 2014

Raising the Federal Minimum Wage to $10.10 Would Save Safety Net Programs Billions and Help Ensure Businesses Are Doing Their Fair Share | Economic Policy Institute

Raising the Federal Minimum Wage to $10.10 Would Save Safety Net Programs Billions and Help Ensure Businesses Are Doing Their Fair Share | Economic Policy Institute

"Raising the minimum wage would lift incomes for millions of working Americans and their families, while providing budgetary savings in means-tested public assistance programs—savings that should be repurposed into either new programs or expansions of existing programs to further leverage the poverty-fighting impact of this spending. Raising the minimum wage is one simple and long-overdue step toward rebalancing the social contract so that the private and public sectors are more equal participants in improving living standards for American workers."