Raising the minimum wage would save the United States government billions of dollars. John Iadarola and Jayar Jackson break it down on The Damage Report.
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Read more here: https://laborcenter.berkeley.edu/the-public-cost-of-a-low-federal-minimum-wage/
"The Raise the Wage Act, passed by the U.S. House of Representatives in 2019, proposes a national $15 minimum wage to be fully implemented in 2025. This paper looks at the cost of five public safety net programs for families of workers who would receive a direct wage increase under this bill. We find that close to half of these families (47%) are enrolled in at least one program, at an annual cost of $107 billion."
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