3min chapter

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460. The True Story of the Minimum-Wage Fight

Freakonomics Radio

CHAPTER

The Cost of Living in America Has Become So Staggeringly High

The president is raising the minimum wage for federal contractors to fifteen dollars. The congressional budget office says it would cost one point four million jobs an in crease the deficit by fifty four billion dollars. But also, they said it would raise income for seventeen million people and lift nine hundred thousand people out of poverty....

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