(Cross-posted from Off the Charts - the blog of the Center on Budget and Policy Priorities.)
Raising the minimum wage would help the economy, CBPP Senior Fellow Jared Bernstein writes in the latest edition of the CQ Researcher.
Two well-established facts help back up this argument, Bernstein says:
The first fact is that the American economy is made up of 70 percent consumer spending.
Economists widely agree that an extra dollar earned by a wealthy person is less likely to be spent than an extra dollar earned by a low-income person….
The second fact Read More