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Increasing the Minimum Wage Would Help, Not Hurt, the Economy
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Oct. 26, 2020 | WAGES | The minimum wage in the United States hasn’t budged in 11 years. Whether it should was a hotly contested question during Thursday’s final presidential debate. President Donald Trump asserted that increasing the minimum wage would crush small businesses, many of which are already struggling as a result of the pandemic, arguing that the decision should be left to the states. Democratic nominee Joe Biden repeated his campaign pledge to raise the minimum wage from its current $7.25 to $15. Establishing a $15 wage floor has been a long-term goal of union-backed advocacy groups, which began putting pressure on big companies like McDonald’s and Walmart to pay workers $15 an hour in 2012… NBC News
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