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Report found that about a million people were lifted out of poverty. so that 24 million people figure includes everyone who gets a wage bump. i just wanted to be mindful of that. but lots of those folks who get that bump, they may not be poor, but they're just on the other side of the poverty line. >> that's right. >> it clearly helps folks who need the help. >> jared bernstein keeping us honest with the numbers. thank you both so much for joining me. >> great to be on. coming up, i'll speak with my colleagues richard engel and ronan farrow about the dramatic shifts take place in ukraine. [ ...

Federal minimum wage of $7.25, a 39.3% increase, to be exact. and as the bill is written, it would be tied to inflation, so it would keep increasing automatically as the years go on. congressional republicans and major business groups like the u.s. chamber of commerce and the national retail federation say, no, that passing the minimum wage would cause businesses to higher fewer people, ultimately hurting low-wage workers and the economy. supporters of raising the wage saying putting more money into workers' pockets can only help the economy. and both sides have legitimate points, at least acc...

Currently make between $7.25 and $10.10 an hour. another 8 million making just more than $10.10 could also see ripple effects from the wage bump. a higher minimum wage would increase income altogether by $5 billion a year for poor families. and $14 billion a year for those in the middle class. and it would lift 900,000 people out of poverty, about 2% of the 45 million americans living below the poverty line. those are great, inspiring numbers that will serve as substantiative ammunition for the proponents of a higher wage floor. but there's still that catch. in the same report, the cbo estimat...