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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.

Business Insider

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.