One of the biggest battle in Washington and in states around the country involves the minimum wage. It’s basically a fairness argument versus those who think this can hurt jobs.
Still, this data should also be taken into account:
– If the minimum wage were raised to $10.10, more than 1.7 million American workers would no longer rely on public assistance programs.
– Raising the minimum wage to $10.10 would reduce government expenditures on current income-support programs by $7.6 billion per year—and possibly more, given the conservative nature of this estimate. This would allow these funds to be repurposed into either new programs or expansions of existing programs to further leverage the poverty-fighting impact of this spending.
Corporations are making tons of profits and we have very low inflation. It seems like a perfect time to raise the minimum wage!
