When Minimum Wage Goes Up, So Does Consumer Spending

When the minimum wage increases, consumer spending increases with it. Paying America's low-wage workers better would help boost the nation's economy.

Source: A Stealthy Stimulus: How Boosting the Minimum Wage is Helping to Support the Economy (Economic Policy Institute, 2009) and The Spending and Debt Response to Minimum Wage Hikes (Federal Reserve Bank of Chicago, 2009)

 

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