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10 Reasons to Raise the Minimum Wage (with Charts)

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There have been rumors lately that Sen. Susan Collins (R-ME) is trying to broker a smaller minimum wage increase. The offer is  a non-starter for Democratic leaders, and would in fact lock low-income workers into poverty wages for the indefinite future. Here at CAP Action, we agree. The Senate's plan to vote on a minimum wage increase has been pushed back several times, but what matters most is that it stays at $10.10. Here are ten reasons why raising the minimum wage to $10.10 is the right thing for America's workers and for our economy:

1. It Will Put Money Into The Pockets Of Hard-Working Americans. Raising the minimum wage to $10.10 will raise wages for 28 million workers by  $35 billion in total. Since many of those workers will turn around and spend that money, that is a huge boost for the economy.

2. It Will Reduce Income Inequality. The average CEO shouldn't make 933 times more than a full-time minimum wage worker.   

3. It Won't Hurt Job Creation. States have raised the minimum wage 91 times since 1987 during periods of high unemployment, and in  more than half of those instances the unemployment rate actually fell. Over 600 economists signed a letter agreeing that a minimum wage increase doesn't hurt job creation.    


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