Research Topic: Fiscal Impact

Research
Balancing Paychecks and Public Assistance: How Higher Wages Would Strengthen What Government Can Do (EPI, 2016)

A report by David Cooper of the Economic Policy Institute, titled Balancing Paychecks and Public Assistance: How Higher Wages Would Strengthen What Government Can Do, finds that raising the federal minimum wage to $12 per hour by 2020 would reduce public assistance expenditures by $17 billion annually. The author suggests these savings could be used to strengthen the existing safety net of housing and other assistance programs.

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