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Why might raising the minimum wage reduce employment

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Reference no: EM132134279

A Wall Street Journal article noted that a study by U.S. Congressional Budget Office "estimated raising the minimum wage to $10.10 per hour reduced U.S employment by 500,000 but lift 900,000 Americans out of poverty".

  • Why might raising the minimum wage reduce employmenta? Explain
  • Why would it raise some people out of poverty?

Reference no: EM132134279

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