Politicians Duel Over Raising Minimum Wage
Earlier in the week the Democrats proposed to raise the minimum wage from $7.25 to $10.10 per hour by 2016 and this has apparently set off arguments from both camps about whether or not to raise the wage.
According to the proposal, the new hourly wage would boost 900,000 families above the poverty line and increase the income of 16.5 million workers. The pay increase though could also slash 500,000 jobs, per an analysis conducted by the Congressional Budget Office.
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