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Higher Minimum Wage to Reduce Poverty in the US

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Would a higher minimum wage help reduce poverty in the US?

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Solution Summary

Brainstorm the effects of a higher minimum wage.

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Modest increases in the federal minimum wage can help alleviate poverty levels to some extent, however, it may lead to increased joblessness. However, statistical research over the past decade consistently shows that the job loss due to a moderate minimum wage increase is negligible. In fact, increasing the minimum wage does provide greater purchasing power. But it is true that raising the minimum wage would harm the working poor in ...

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