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A Million Reasons to Raise the Minimum Wage

Optimist Economy

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The Dynamics of Minimum Wage: Myths and Realities

This chapter explores the complexities of minimum wage, distinguishing between nominal wages and their real purchasing power impacted by inflation. It debates the implications of raising the minimum wage, addressing common fears of job loss and price increases while highlighting the positive effects on low-income workers. The discussion emphasizes worker empowerment, the importance of historical context, and advocates for indexing minimum wage to earnings to ensure relevance in a changing economy.

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