Higher minimum wages are creating more jobs (with Michael Reich)
Pitchfork Economics with Nick Hanauer
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Introduction
When workers have more money, businesses have more customers and hire more workers. The conventional wisdom that we teach in introductory economics is that when something's price has gone up, you buy less of it. We're the first to find an actual positive effect. Question is not should we raise the minimum wage? The question is how high should we raise it?
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