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(NECN) - Earlier this week a bi-partisan group said 500,000 jobs could be lost in if the minimum wage was raised.
Do the benefits outweigh the costs?
To talk about the minimum wage increase effects, we were joined by Thomas Conroy, state representative from Wayland.
He said he agrees with over 600 other economists with the belief that if people have more money they will be spending that money, pumping it back into the economy. He acknowledged that many people disagree with that belief.
He said, “I think that’s the key focus here, is that by lifting almost a million people out of poverty, you’re giving folk a chance to potentially move into the middle class.”
Conroy said raising the minimum wage would be beneficial to employees, employers and the economy.
He said, “Fundamentally, no one in this country should be working full-time and living in poverty.”