Minimum Wage Increase in U.S. Will Probably Promote Spending
As the debate rages on about whether an increase in the U.S. minimum wage will boost or hinder hiring, one aspect is more unambiguous: It would almost surely lift consumer spending. According to Bloomberg, while the effect will probably be positive, the magnitude of the improvement remains up in the air. Walmart, for instance, is weighing the impact of additional payroll costs against possibly attracting more consumers. Read more to find out exactly how increased wages are correlated with the promotion of consumer expenditure.
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