Page One Economics: Would Increasing the Minimum Wage Reduce Poverty?
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- Page One Economics: Would Increasing the Minimum Wage Reduce Poverty?
- Reserve Bank
- St. Louis
The nonpartisan Congressional Budget Office tackles that question in a new report and highlights the trade-off presented by increasing the minimum wage. This issue explains the debate and discusses whether other approaches may be more effective in helping alleviate poverty.
|economics, wages, minimum wage, price, unemployment, poverty|