Understanding How Minimum Wage Affects Spending and Debt - FINANCIAL-24
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Minimum Wage
Yet, organized labor and anti-poverty groups continue to push for ever more regulations at the federal level. Even though the idea remains popular with the general populous, researchers evaluating the benefits of such a move have found clear racial and partisan differences when it comes to support.
Like throwing a stone into a pond, there is a ripple effect that cannot be ignored. Here are a few facts to keep in mind when deciding whether or not you should support the proposed change in the minimum wage.
A research project based on a Consumer Expenditure Survey found that following a year when the minimum wage was raised by $1, spending rose, on average, $700 per quarter in homes where minimum wage workers lived.
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Title : Understanding How Minimum Wage Affects Spending and Debt - FINANCIAL-24
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Spending and the Minimum Wage
A research project based on a Consumer Expenditure Survey found that following a year when the minimum wage was raised by $1, spending rose, on average, $700 per quarter in homes where minimum wage workers lived.
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Title : Understanding How Minimum Wage Affects Spending and Debt - FINANCIAL-24
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