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JUL 08, 2013 - Think Progress

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Study: A Minimum Wage Hike Would Stimulate The Economy

A federal minimum wage increase would likely benefit the U.S. economy, a new Chicago Fed Letter suggests. Daniel Aaronson and Eric French, economists at the Federal Reserve Bank of Chicago, provided an estimate of the effects on aggregate household spending of the $9 minimum wage Obama proposed in his 2013 State of the Union Address. [...]    

Tags: Study: A Minimum Wage Hike Would Stimulate The Economy,  State Of The Union Latest News