Joe Biden’s plan to increase the minimum wage to $15 won’t just help workers: A new study finds that lower wages cost taxpayers over $100 billion a year
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 pay bump rely on at least one safety net program, such as SNAP or Medicaid.