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The Impact of the Minimum Wage: Policy Lifts Wages, Maintains Floor For Low-Wage Labor Market

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Abstract:

Welfare reform has focused a great deal of attention on the issue of low-wage work. Even with the low unemployment rates that have prevailed since the late 1990's, the U.S. economy continues to create low-wage jobs, and even some families that work a substantial number of hours each year are still having difficulty making ends meet.

Increasing the federal minimum wage in one potential policy option for addressing the difficulties these families face.