When President Barack Obama urged Congress last week to raise the minimum wage, he painted the proposal as a straightforward way to “raise the incomes of millions of working families.”
But lifting the working poor out of poverty is never as easy as simply requiring employers to pay more, economists and business lobbyists say — if it were, we would have legislated away financial hardship years ago. The minimum wage is an ever-contentious topic that lends itself to soundbites but no easy solutions.
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