Business Insider: Joe Biden's plan to increase the minimum wage to $15 won't just help workers
By Juliana Kaplan
Business Insider, Jan 15, 2021
President-elect Joe Biden's newly unveiled $1.9 trillion stimulus package includes one important economic measure — raising the federal minimum wage to $15 an hour. ...
That means over 20 million workers could get a raise — and a new study finds the pay bump could also be a boon for taxpayers.
The study, which comes from the UC Berkeley Labor Center, found that the country's current low minimum wage costs taxpayers more than $100 billion a year. That's because nearly half of the working families who would benefit from the...