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$15 Minimum Wages Will Substantially Raise Prices

Raising the minimum wage creates winners and losers. Those workers who receive higher pay benefit. But the money for that higher pay comes from somewhere. Advocates for a minimum wage hike usually argue that “somewhere” means profits. They present starting-wage increases as a way to redistribute wealth from business owners to low-wage workers.
United States District Of Columbia Stanford University San Bernardino University Of California At Berkeley Erwan Gautier

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