Raising The Minimum Wage Would Create 140,000 Jobs

graphic_minwage_306The Senate may soon take up a bill to increase the minimum wage to $10/hour.

Raising the federal minimum wage would create jobs in every state, while boosting the economy and providing tens of millions of working Americans a fair wage.

Leading economists explain that increasing the wages of low-wage workers provides a stimulus injection into local economies, leading to increased consumer spending, which in turn contributes to GDP growth and employment gains.

According to an Economic Policy Institute report, increasing the minimum wage in three steps over the course of three years would increase GDP growth by  approximately $32.6 billion and create 140,000 new jobs.

The last federal minimum wage law increase was passed in 2007, when Senator Reid and congressional Democrats helped increase the wage from $5.15 per hour to $7.25 over two years.

Learn more about Senator Reid’s economic accomplishments here.