Fact of the Month: Minimum Wage Hikes Boost Real Income and Spending

April 4th, 2016

Fact of the Month: Minimum Wage Hikes Boost Real Income and Spending

A recent study by the Federal Reserve Bank of Chicago concluded that, during the quarters following a $1 minimum wage hike, real spending by households with at least one minimum wage earner increases by $700 per quarter.

Source: Federal Reserve Bank of Chicago

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