By Kent Masing
International Business Times, Jan 2, 2023
As the U.S. welcomes the new year, millions of workers in several states will see their minimum wage increase. ...
In September, a report by the Urban Institute showed that increasing the nationwide minimum wage to $15 would help 56 million workers. Kevin Werner, a research associate at the Urban Institute's Income and Benefits Policy Center, said raising the minimum wage would lead to a decline in poverty and help workers in general.
Holly Sklar, the chief executive officer of Business for a Fair Minimum Wage, echoed Werner's remark, saying that increasing the hourly pay would also increase consumer demand and help local economies thrive. ...