11/10/2015
How to fix the economy: step one… raise the minimum wage to $15/hour
More money in people’s pockets means more demand for goods and services, which means more jobs not fewer jobs.
More people are brought into the pool of potential employees, giving employers more choice of whom to hire. This reduces turnover and helps employers save money.
Finally, employers who don’t pay enough to lift their employees out of poverty are indirectly subsidized by the rest of us – who are paying billions each year in food stamps, Medicaid, housing assistance, and welfare, to make up the difference.
The former secretary of labor on the urgent need to raise the minimum wage to $15 per hour VIDEO